RATE Group | Some Coinbase Users Can’t Withdraw More Than $10 in Bitcoin a Day
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Some Coinbase Users Can’t Withdraw More Than $10 in Bitcoin a Day

Some Coinbase Users Can’t Withdraw More Than $10 in Bitcoin a Day

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Major United States-based cryptocurrency exchange and wallet service Coinbase is allegedly not letting some users withdraw more than $10 per day.

On Feb. 2, a Redditor and self-described Coinbase user reported that Coinbase had put a $10 daily withdrawal limit for some users. The Reddit user, with handle Unholy_Crab1, claims that his subsequent application for higher withdrawal limits was denied by Coinbase.

The Redditor has also shared a purported screenshot which shows that the maximum amount of daily withdrawal from Coinbase in Bitcoin (BTC) was $10 for his account.

Source: Reddit

As of press time, the complaint thread has amassed over 40 comments, with the majority of Redditors expressing skepticism over Coinbase’s services so far. As such, some users in the thread expressed expectations that Coinbase would enforce more similar restrictions if crypto prices cross all-time high thresholds. Others suggested that a $10 daily withdrawal limit is a “literal scam amount,” while…

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