converting bitcoins Problem | Bitcointalksearch.org

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Quote from: Shimmiry on August 02, 2020, 02:27:35 AM

Quote from: mahdinto on August 02, 2020, 12:57:28 AM

Hello
I use blockChain Wallet but it does not allow me to transact over $ 500 and it says the transaction is too much

How can I solve this problem? Sad

The issue is already written to your statement.
The transaction is too much, your wallet has a maximum amount to every transaction.

You can solve it by cutting the amount of your transaction, I believe you are about to withdraw. Try smaller amount for your withdrawal.

If he try smaller transactions multiple times then he will run into pay lot of fees.
This is not at all liked by many members.
What the OP can do is to go for wallets that have no limits.
Moreover you can also store your BTC in your hardware wallet, this is more secured and you can transact large amount of BTCs with that.
Hope this helps Op.

elda34b

sr. member

Activity: 910

Merit: 351

Quote from: maxreish on August 02, 2020, 09:16:31 PM

Just transfer funds to another wallet (freewallet, tokenomy etc. Where in he can exchange coins without problems of limits)
Exchange not too much funds cut it into half or in a $100 for exchange coins everyday, he may try that as an alternative.

- The error might comes from blockchain, so it depends on his problem really, as there's not much info.
- It will just add unnecessary fees, and not really solving his problem either since his total balance is unknown. If he has over $1k for example, then the limit certainly happens because the wallet is buggy. Looks like he already found a way to solve it tho, so who knows.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: crypticj on August 02, 2020, 06:24:06 AM

Coinomi

A past issue with Coinomi.

--> https://dashnews.org/coinomi-desktop-wallet-security-issue-discovered-developers-claim-blackmail-attempt/

Might choose better than it.

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: joniboini on August 02, 2020, 05:59:41 AM

Quote from: OcTradism on August 02, 2020, 04:57:52 AM

I search and found this article from Withdrawal limits, required documents

I think that's a different platform. He's talking about blockchain non-custodial wallet I suppose, not the centralized exchange. You don't need any KYC if you use their wallet, but it's buggy af. I suggest OP to export his private key and use another wallet.

But in case OP doesnt know how to export private keys to another wallet. He may further do two things in a simple ways;

Just transfer funds to another wallet (freewallet, tokenomy etc. Where in he can exchange coins without problems of limits)
Exchange not too much funds cut it into half or in a $100 for exchange coins everyday, he may try that as an alternative.

I don't also think it may required documents for him to exchange coins.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Good day mate,

According to your prompt error is

Quote from: mahdinto on August 02, 2020, 12:57:28 AM

the transaction is too much

I think the problem is it's too much large amount or it exceeds their maximum transaction try to make it a hundred first and if this may confirm its too good so you do not have a problem just try to lower your transaction. To make it easier to cut into the different transaction to avoid this error.

Also I highly recommend

Quote from: The Cryptovator on August 02, 2020, 01:14:42 AM

1. www.electrum.org

I'm using the electrum for a long time and do not have a problem like this you can transfer your funds any amount you want without too much hassle. Also, the good thing is you can adjust the transaction fee.

crypticj

sr. member

Activity: 873

Merit: 268

Try to use better wallet. Coinomi, ownr wallet, exodus. Tons of them on the market

muratsink

sr. member

Activity: 1330

Merit: 256

Quote from: mahdinto on August 02, 2020, 12:57:28 AM

Hello
I use blockChain Wallet but it does not allow me to transact over $ 500 and it says the transaction is too much

How can I solve this problem? Sad

What coin do you want to convert? I think good way if you can convert your bitcoin with exchange market because available for withdrawing and cash out, maybe just take few moment how to get back your money and convert it success later.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: OcTradism on August 02, 2020, 04:57:52 AM

I search and found this article from Blockchain.com: Withdrawal limits, required documents

I think that's a different platform. He's talking about blockchain non-custodial wallet I suppose, not the centralized exchange. You don't need any KYC if you use their wallet, but it's buggy af. I suggest OP to export his private key and use another wallet.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: mahdinto on August 02, 2020, 12:57:28 AM

I use blockChain Wallet but it does not allow me to transact over $ 500 and it says the transaction is too much

How much did you transact on that day since the unallowed one?
Which verification level does you finish for your account?

I search and found this article from Blockchain.com: Withdrawal limits, required documents

Does your verification level is at Silver, that has annual withdrawal quota at $1.99k?

Pffrt

sr. member

Activity: 1372

Merit: 322

I think blockchain wallet doesn't have any such limitation since it is not a custodial type wallet. Blockchain wallet is a non custodial web wallet, it should allow you any tx. In case, you still have problem, save the private ley of your address from blockchain.com wallet and import it electrum. You will have full access of your fund.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

You adjust the fee and it shall be ok. But I've seen several complaints about this on blockchain wallet.

If it's not the fee, it's another bug from them. Fix the fee first and adjust your withdrawal through inputting the correct amount and fee.

thesmallgod

full member

Activity: 1498

Merit: 129

For simplicity, I will also advise you to post the URL of the blockchain you open your wallet because I do not want to start guessing maybe it is a different blockchain website we all know. Also, since a lot of people have been having issues in withdrawing crypto recently due to the high transaction fee, I will advise you to try less amount especially if the total amount of bitcoin in your wallet is a bit higher than what you are trying to withdraw. If this go through, kindly update us here about this. Good luck

Shimmiry

full member

Activity: 840

Merit: 105

★Bitvest.io★ Play Plinko or Invest!

Quote from: mahdinto on August 02, 2020, 12:57:28 AM

Hello
I use blockChain Wallet but it does not allow me to transact over $ 500 and it says the transaction is too much

How can I solve this problem? Sad

The issue is already written to your statement.
The transaction is too much, your wallet has a maximum amount to every transaction.

You can solve it by cutting the amount of your transaction, I believe you are about to withdraw. Try smaller amount for your withdrawal.

mahdinto

newbie

Activity: 6

Merit: 0

Quote from: mk4 on August 02, 2020, 01:03:27 AM

Can you give us more information?

1. What "China Block Wallet"?
2. It looks like you're using a custodial wallet hence the limitations. I suggest using non-custodial wallets like BlueWallet[1] instead.

[1] https://bluewallet.com/

sorry i mean blockchain

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

The first time heard about China Block Wallet, even I have searched on Google but hadn't found enough information. As @mk4 already said, most probably it's a custodial wallet since they are limiting transaction amounts. It's better to use a hardware wallet if you are dealing with a big amount. Otherwise, you may use any non-custodial wallet like Electrum¹, so there will be no limitations. Don't forget to verify the signature for the electrum to ensure you are using original software. Try to avoid web/online wallets those are custodial.

1. www.electrum.org

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Can you give us more information?

1. What "China Block Wallet"?
2. It looks like you're using a custodial wallet hence the limitations. I suggest using non-custodial wallets like BlueWallet[1] instead.

[1] https://bluewallet.com/

mahdinto

newbie

Activity: 6

Merit: 0

Hello
I use blockChain Wallet but it does not allow me to transact over $ 500 and it says the transaction is too much

How can I solve this problem? Sad

I want to pay for stock exchange education but she does not allow me to pay

pls Help

Topic: converting bitcoins Problem (Read 290 times)