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Coinbase Increases Daily Crypto Purchase Limit to $25K, Coinbase Pro Adds Support for ETC

Posted on
8 August 2018
( now )


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Coinbase says that only those customers who have completed the ID verification process on the exchange can avail the facility of increased daily purchase limits.

Popular cryptocurrency exchange Coinbase has finally decided to provide more convenience to its customers by allowing them to “instantly” trade cryptocurrency once they have successfully done the bank transfer. Currently, customers have to wait for five days for the funds to settle before they can begin trading.

On Tuesday, August 7, the crypto-exchange said that “when someone makes the decision to sign up, they don’t want to wait days before they can start buying cryptocurrency.” The exchange further noted:

Additionally, Coinbase has increased the daily crypto purchase limits to $25,000. Although this facility is currently available to U.S. customers only, the exchange has ensured that it would soon extend it to other non-U.S. customers as well. Another important caveat is that this facility is available to only those customers who have completed the ID verification process on the exchange.

David Farmer, General Manager of Coinbase Pro said that the launch of the Ethereum Classic will proceed in four stages: transfer-only, post-only, limit-only, and full-trading mode. Further details regarding the trading have been mentioned on their official blog post.