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Found out today you can only take $10,000 a day out of Coinbase. I guess this could be good, because it’s essentially a “bail-in” that forces people to stay in
by Top19 9y ago
Found out today you can only take $10,000 a day out of Coinbase. I guess this could be good, because it’s essentially a “bail-in” that forces people to stay in the market and prevents a run, but still I had no idea of the lack of liquidity in bitcoin with the current system.
- seehafer 9y agoI think that actually exacerbates the psychological dynamic that the author of this post is talking about. Not being able to get your money out will drive additional panic.
- dahdum 9y agoThat's not accurate...you can easily get your limits raised by letting them do their KYC/AML checks. Also, that doesn't stop you from selling bitcoin into USD.
- megadethz 9y agoGemini has no limits on USD withdrawals via wires.