does coinbase wallet have limits

Coinbase Wallet users can withdraw up to $1,000 daily and $10,000 per month after completing the verification process.

Nov 04, 2024 at 12:42 pm

Does Coinbase Wallet Have Limits?

1. Transaction Limits

Yes, Coinbase Wallet has transaction limits for both sending and receiving cryptocurrencies. The limits vary depending on the specific cryptocurrency and your verification status.

2. Withdrawal Limits

Coinbase Wallet also has daily withdrawal limits for fiat currencies (e.g., USD, EUR). The limits are based on your verification level:

• Unverified: Up to $100 per day
• Verified: Up to $1,000 per day (with a 30-day rolling limit of $10,000)

3. Receiving Limits

Coinbase Wallet does not have any limits for receiving cryptocurrencies. However, it's important to note that if you receive a large amount of cryptocurrency in a short period of time, Coinbase may place a hold on your account for security reasons.

4. Storage Limits

Coinbase Wallet does not have any limits for the amount of cryptocurrency you can store in your wallet. However, if you store a large amount of cryptocurrency in your wallet, it is recommended to use a hardware wallet or cold storage device for added security.

5. Account Limits

Coinbase Wallet has a limit of one account per person. You cannot create multiple Coinbase Wallets with the same email address or phone number.