Raising limits on Coinbase (help) | Bitcointalksearch.org

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Quote from: fajrero on June 06, 2017, 06:36:21 AM

Hello,

I have looked online and tried searching through the forums, but I have yet to find a definitive answer regarding the limits Coinbase puts on new accounts.

I made an account last week, and had an initial purchasing limit of $100. I understand they need to "build trust with customers," so I don't have a problem with this, per se, but I don't know by how much or even WHEN my limits will be raised. $100 is simply too low of a limit if it were to continue for weeks (or months).

Can anyone tell me through their own experiences how their limits changed over time?

Thanks in advance,

-Faj

Also, as of now, I have only linked my bank account with my Coinbase account. I understand that it is possible to raise limits by also registering one's credit card as well. Does anyone know by how much this affects one's limits?

When I used Coinbase I only managed to get it to $250 that was by completing all the verification stuff.. no maybe it may go from 100 - 250? I know you have to deposit a certain amount in a week for it to also go up.. kind of a different process then most.

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Quote from: fajrero on June 06, 2017, 06:36:21 AM

Hello,

I have looked online and tried searching through the forums, but I have yet to find a definitive answer regarding the limits Coinbase puts on new accounts.

I made an account last week, and had an initial purchasing limit of $100. I understand they need to "build trust with customers," so I don't have a problem with this, per se, but I don't know by how much or even WHEN my limits will be raised. $100 is simply too low of a limit if it were to continue for weeks (or months).

Can anyone tell me through their own experiences how their limits changed over time?

Thanks in advance,

-Faj

Also, as of now, I have only linked my bank account with my Coinbase account. I understand that it is possible to raise limits by also registering one's credit card as well. Does anyone know by how much this affects one's limits?

as far as i know, to raising the limits in one market, you need to complete verification on every level so you can raise your capital for deposit or withdrawal. but i wonder what you expected from coinbase? because i think its better to do with another market exchanges like poloniex, bittrex, kraken and else. but its up to you sir.

fajrero

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Thanks for the replies, guys. I appreciate it.

But I gotta admit, I am a bit frustrated at this point; not just with Coinbase, but with Bitcoin exchanges in general.

I looked up Kraken and Bitstamp (two exchanges that were recommended in the previous post), and most of the reviews are negative; many people telling stories about how they've been ripped off. Of course, these people could just simply be lying themselves. I have no idea, and I do not know whom to trust.

I have been reading various books, blogs, websites, message boards, etc... in an attempt to learn as much about Bitcoin as I can. And I have put in a lot of time and energy in just simply trying to BUY some, and have not been successful (though, the order I placed on Coinbase should go through in a couple of days, but at $100 worth, it's almost meaningless). So, I have to imagine that if the 'average joe' were to want to also dive into the Bitcoin world, that there is almost no way he would end up buying/using it, and would quickly give up. How can this currency possibly be expected to take off when it is so damn hard to get?

Shiroslullaby

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Coinbase is having serious issues right now. I would advise using a different site like Kraken or Bitstamp.
You can not get any response from their support team for weeks/ months at a time, the forums are filled with page after page of people having issues with no response from support.
Maybe in a few months things will improve but unless they hire more support that site is doomed.
I have a ton of money sitting in an account I can't access and no response for weeks.
People complain about some of the exchanges having bad support but Coinbase is a huge company and has so many issues right now its unbelievable.

ktabb

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Quote from: fajrero on June 06, 2017, 06:36:21 AM

Hello,

I have looked online and tried searching through the forums, but I have yet to find a definitive answer regarding the limits Coinbase puts on new accounts.

I made an account last week, and had an initial purchasing limit of $100. I understand they need to "build trust with customers," so I don't have a problem with this, per se, but I don't know by how much or even WHEN my limits will be raised. $100 is simply too low of a limit if it were to continue for weeks (or months).

Can anyone tell me through their own experiences how their limits changed over time?

Thanks in advance,

-Faj

Also, as of now, I have only linked my bank account with my Coinbase account. I understand that it is possible to raise limits by also registering one's credit card as well. Does anyone know by how much this affects one's limits?

LOL really $100? What a joke, Coinbase is garbage.

I remember using them a long time ago and running into a similar problem, although I don't think my limit was THAT low. I think I fixed it by adding a bank account and adding more info on my coinbase account, although it looks like you already added a bank account.

If I were you I would just abandon coinbase tbh

fajrero

newbie

Activity: 16

Merit: 0

Hello,

I have looked online and tried searching through the forums, but I have yet to find a definitive answer regarding the limits Coinbase puts on new accounts.

I made an account last week, and had an initial purchasing limit of $100. I understand they need to "build trust with customers," so I don't have a problem with this, per se, but I don't know by how much or even WHEN my limits will be raised. $100 is simply too low of a limit if it were to continue for weeks (or months).

Can anyone tell me through their own experiences how their limits changed over time?

Thanks in advance,

-Faj

Also, as of now, I have only linked my bank account with my Coinbase account. I understand that it is possible to raise limits by also registering one's credit card as well. Does anyone know by how much this affects one's limits?

Topic: Raising limits on Coinbase (help) (Read 3635 times)