Replying to Avatar Bourbonic Plague

To be clear, they won’t let you withdraw more than $3K worth of Bitcoin at a time and they won’t let you withdraw more than $10K worth/week. They also have fiat withdrawal limits too.
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bevo 2y ago

so thats terrible, is that a regulation thing or their internal thing, Kinda glad I can’t use it

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Bourbonic Plague 2y ago

No regulation, just their own internal risk management. Cash App used to have similar limits too and I assume they still do.

But in a bull run they can end up trapping your corn in custody because the limits are in nominal USD value terms and you can theoretically end up with much more value than you can ever withdraw even if you max out the limits every week.