how much is trust wallet daily limit

Trust Wallet's daily limit, varying based on cryptocurrency and verification status, restricts outgoing transfers to protect users from unauthorized access and financial loss.

Nov 06, 2024 at 02:22 pm

Trust Wallet Daily Limit: A Comprehensive Guide

Trust Wallet is a popular mobile cryptocurrency wallet that allows users to store, send, and receive a wide range of digital assets. It is known for its user-friendly interface and support for multiple cryptocurrencies. However, users may encounter a daily limit when performing transactions through the wallet.

1. What is the Trust Wallet Daily Limit?

Trust Wallet imposes a daily limit on the amount of cryptocurrency that can be transferred out of the wallet. This limit varies depending on the type of cryptocurrency and the user's verification level.

2. Daily Limit for Unverified Accounts

• Bitcoin (BTC): 1 BTC
• Ethereum (ETH): 100 ETH
• Binance Coin (BNB): 10,000 BNB

3. Daily Limit for Verified Accounts

• Bitcoin (BTC): 5 BTC
• Ethereum (ETH): 500 ETH
• Binance Coin (BNB): 50,000 BNB

4. How to Increase the Daily Limit

To increase the daily limit, users must verify their identity through the Know Your Customer (KYC) process. This involves providing personal information, such as a government-issued ID and proof of address. Once verified, users will be able to access higher daily limits.

5. Exceptions to the Daily Limit

There are a few exceptions to the daily limit:

• On-chain Transfers: Transfers to other wallets on the same blockchain are not subject to the daily limit.
• Peer-to-Peer Transfers: Transfers within the Trust Wallet app to other users are also exempt from the daily limit.
• Cryptocurrency Purchases: Purchases of cryptocurrency through the Trust Wallet app are not affected by the daily limit.

6. Consequences of Exceeding the Daily Limit

If users attempt to transfer an amount of cryptocurrency that exceeds the daily limit, the transaction will likely be rejected. In some cases, accounts may be temporarily locked or penalized.

7. Conclusion

The Trust Wallet daily limit is a security measure implemented to protect users from unauthorized access and financial loss. By verifying their identity, users can access higher daily limits for more flexibility in managing their cryptocurrency assets. It is important to note that the daily limit may change in the future, so it is always advisable to check the latest guidelines from Trust Wallet before initiating transactions.