Author

Topic: MtGox daily withdrawal limit: WHY? (Read 1694 times)

sr. member
Activity: 476
Merit: 250
Tangible Cryptography LLC
August 03, 2012, 10:49:06 AM
#7
Why do checking accounts have a daily ATM limt? 

Same concept.    Another way to look at it is a max loss limit in the event of a hack.  It can be raised.

It makes me feel better knowing it is still there.
donator
Activity: 853
Merit: 1000
August 03, 2012, 10:44:09 AM
#6
If your account was hacked, then you'd be glad there was a daily limit...
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
August 03, 2012, 10:31:23 AM
#5
You can always ask for an increase.

You will have to be verified as well.
legendary
Activity: 1064
Merit: 1001
August 03, 2012, 10:30:00 AM
#4
Why would banks restrict BTC withdrawals?

Exactly.
legendary
Activity: 1358
Merit: 1002
August 03, 2012, 10:20:31 AM
#3
To avoid a bank run Cheesy

kidding, I guess it's restriction by their banks,...

Why would banks restrict BTC withdrawals?
hero member
Activity: 868
Merit: 1000
August 03, 2012, 10:17:15 AM
#2
To avoid a bank run Cheesy

kidding, I guess it's restriction by their banks,...
legendary
Activity: 1064
Merit: 1001
August 03, 2012, 10:10:01 AM
#1
Why is there a daily BTC withdrawal limit on MtGox?
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