Confused about bitcoin limits

[Savatage79]

So I didn't even realize there were such a thing as limits until I finally got going with it. In any case I had made my account without a thought and put in a cc to buy btc. It told me I had a 750 limit which I thought ok whatever, didn't think much of it.

I after a bit removed that card and added a different card, and my limit is now like 32 bucks lol I mean... What am I supposed to do with that? But I don't understand I had 750 upon account creation and a new card erases that?

 

[cj1990]

Where are you trying to buy bitcoin from?

 

[Savatage79]

Just from coinbase. I had made a few hundred dollar purchases already since opening my account like a week or two ago, I just had a 750 limit right off the bat

 

[theslotsking]

Just from coinbase. I had made a few hundred dollar purchases already since opening my account like a week or two ago, I just had a 750 limit right off the bat

The credit card limits are pretty standard, particularly if you have added a new card. As bc transactions are irreversible companies that sell bc via credit card generally have low limits for a while. If you can deposit money by bank transfer the limits are normally $5k per day. Just takes a couple of days.

 

[Savatage79]

It's a debit card actually, just thought I could tie it up and go. Man it sucks because what a bunch of hoopla to play at 3dice now with that happening, I have been enjoying it there and I had to remove my cc and hook my debit up, and now I have like no availability hardly. I hope it changes soon

 

[cheetahwind]

Yeah to summarize it as said. Just the rise of fraud going on, but we know this also happens in the regular casino world too. Just now it's transferring to the BTC merchants.

So unfortunelty you just gotta build that trust with Coinbase again. Hopefully your limits get raised here sooner than later.

 

[Savatage79]

Yea I hear that. I guess what confuses me is how I had 750 limit to begin with, yet changing my card and confirming my identity put me to basically 0..just don't get how I has 750 at first at all is my main confusion

 

[alexking12k]

Yea I hear that. I guess what confuses me is how I had 750 limit to begin with, yet changing my card and confirming my identity put me to basically 0..just don't get how I has 750 at first at all is my main confusion

One of the benefits of going cold turkey on gambling is that I don't have to deal with these kind of problems. Life is good!