Coinbase Debit Card Limit: 2024 Guide | CoinLedger (2024)

FAQs

Coinbase Debit Card Limit: 2024 Guide | CoinLedger? ›

The maximum daily spending limit for the Coinbase debit card is $2,500 per day. If your spending limit is below $2,500, you should complete the verification process and/or reach out to Coinbase Support.

Your account purchase or deposit limits are determined by many factors, including verification completed on your account, your purchase history, your payment type, and more. Some features may require additional document verification or information provided by you to verify your identity.

The buying limits on Coinbase are closely tied to the user's verification status and payment method. Initially, new users may face lower buying limits, which can be gradually increased with further verification and a history of secure transactions.

Coinbase account limits are determined by an algorithm which takes a variety of factors into account, including but not limited to, account age, location, transaction history, payment method, and verification steps completed. Unfortunately this means that limits can sometimes go down for customers.

The best way to raise Debit Card limit is by contacting the bank. It depends from bank to bank on how to increase Debit Card limit online or offline, with each bank having its own set of processes. Note that your Debit Card and ATM withdrawal limits are separate.

Fiat deposits via SWIFT are unlimited. Withdrawals of fiat currency are limited. Coinbase Exchange account holders have a default withdrawal limit of $10,000,000 per day.

The limits are determined by many factors, including verification. You can apply to increase your account limits. If you're eligible, you may need to complete verification steps to access your new account limits. Note: Making a purchase before applying is helpful but won't guarantee a limit increase approval.

The timeframe for getting limits reset can also vary, but it's typically resolved within a few days to a week. If you're experiencing account limitations, it's best to contact Coinbase's support team for help.

Common reasons for declined purchases: Insufficient funds. Open orders impacting your available balance. Exceeding the daily limit.

What is the maximum amount you can spend on a Coinbase debit card? ›

The maximum daily spending limit for the Coinbase debit card is $2,500 per day. If your spending limit is below $2,500, you should complete the verification process and/or reach out to Coinbase Support.

Coinbase reports to the IRS by issuing Forms 1099-MISC for US traders who earned over $600 in crypto rewards or staking during the tax year. Taxpayers must report all crypto income, even if they do not receive a 1099 form. If you receive a 1099-MISC from Coinbase, the IRS should also have received it.

A limit order allows you to buy and sell cryptocurrency (crypto) at a specific price or better using your USD balance. Limit order buy: Set a price below the market price that you'd like to buy your crypto at; once the asset hits the price you set, your buy will process.

Funds on hold

When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.

Request a debit card limit increase.

You may be able to request a limit increase by logging on to your account online and navigating to the section that allows you to manage your debit card. If not, you can call the number on the back of your debit card to speak with a customer service representative.

Select Buy & Sell, then Buy. Choose the asset you want to buy. Select One-time order and choose Limit order. Set the target price you want to buy at (when the asset reaches this price).