Quote:
Originally Posted by FreshThyme
I've had a $150 a week limit on Coinbase for months now. I finally cleared the $1600 or w/e they want you to buy before they supposedly moved it up and then it tells me I have to wait another 60 days, pretty useless.
Hmm, yeah I don't know how they decide limits for each person.
Mine is twice that and I've never even done an instant purchase. My account is very old though, so maybe that's it. And I've done all the ID verification.
Quote:
Originally Posted by vespers
Thanks for the helpful feedback I will check it out. Sounds like though per quote below that I may be limited to $150? I am trying to get 1k on tonight so may have to just call support and see about getting a card to work. Bitcoin sounds like a very nice option from what I have perused in cashout thread.
Are any bitcoin wallets that can deposit on Ignition doing 1k transactions out the gate? Apologies if I am way off in that question, still trying to read up and watch the videos on bitcoin.
Yeah, I'm not sure of any site that you can use a card to buy $1k worth and have them release it to you instantly.
Bitcoin transactions can't be reversed... that's the reason sites set low limits and try to minimize risk when accepting reversible payments like credit/debit cards.
You could deposit $1k to Coinbase from your bank but it would take a few days for the ACH to clear before they credit your account.
Another option to get bitcoin instantly is to check out LibertyX.com and see if you have a store nearby. You can buy up to $1k worth with cash.
Or, you can check to see if there's a Bitcoin ATM near you. Limits vary with that. The downside is that the fees are usually higher than buying on an exchange. But with Ignition charging 6% for a deposit with a card anyway it might not be too much extra.