What are the fees and transaction limits when selling bitcoin?

3 answers

• Dec 18, 2021 · 3 years ago
  When selling bitcoin, the fees and transaction limits can vary depending on the platform or exchange you use. Generally, exchanges charge a percentage-based fee for each transaction, which can range from 0.1% to 1% of the total transaction amount. Some exchanges may also have a minimum fee requirement. As for transaction limits, they are usually set to prevent money laundering and ensure compliance with regulations. The limits can vary from exchange to exchange, but they are typically based on factors such as your account verification level and trading volume. It's important to check the specific fees and transaction limits of the exchange you plan to use before selling bitcoin.
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• Dec 18, 2021 · 3 years ago
  Selling bitcoin comes with fees and transaction limits that you should be aware of. The fees are usually a percentage of the total transaction amount and can range from a few tenths of a percent to a few percent. The exact fee depends on the exchange you use. As for transaction limits, they are put in place to prevent fraud and money laundering. The limits can vary based on factors such as your account verification level and trading volume. It's important to note that these limits can change over time, so it's always a good idea to check the latest information on the exchange's website.
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• Dec 18, 2021 · 3 years ago
  When it comes to selling bitcoin, the fees and transaction limits can differ depending on the exchange you choose. At BYDFi, for example, the fees for selling bitcoin are 0.2% of the transaction amount. As for transaction limits, they depend on your account verification level. For unverified accounts, the daily transaction limit is $2,000, while verified accounts have a daily limit of $10,000. These limits are in place to ensure the security of transactions and comply with regulatory requirements. It's important to note that fees and transaction limits can vary across different exchanges, so it's always a good idea to compare and choose the one that suits your needs best.
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