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With withdrawal limits being what they are, this is easier said than done for a lot of users, I'd guess.
by Expez 9y ago
With withdrawal limits being what they are, this is easier said than done for a lot of users, I'd guess.
- undersuit 9y agoWas their any actual limit to moving Bitcoins held in Coinbase to another wallet/software? If there are why is it a problem now and not always?
- vocatus_gate 9y agoYes, Coinbase limits BTC withdrawals based on current USD value. A lot of traders lost money because they couldn't get their funds out in time. Coinbase will likely get sued and it'll cost them.
- undersuit 9y agoNo not witdrawals. Is there a Coinbase imposed limit to how many Bitcoins I can send to another wallet? And was that recently implemented? Coinbase certainly has conversion limits, but anyone that wanted their Bitcoin into Dollars knew about this limit far before the warning of Coinbase only supporting one side of the split, and converting into Dollars means you don't want to risk the split and you should have been diversifying far before Coinbases announcement.
- vocatus_gate 9y ago>Is there a Coinbase imposed limit to how many Bitcoins I can send to another wallet? "Sending to another wallet" IS a withdrawal.
- SnowProblem 9y agoYes. Coinbase calls BTC transfers withdrawals, and it screwed me over a lot when I found that out.
- undersuit 9y agoOK, good to know I was just having issues with the terminology.
- mikeleung 9y agoI think the limit the other commenters are mentioning are only for moving bitcoins out of GDAX, their exchange. I don't think there is a limit to how much you can withdraw from a wallet directly on coinbase not on the exchange