What is the maximum limit for cash transactions on a cryptocurrency app?

3 answers

• Dec 17, 2021 · 3 years ago
  The maximum limit for cash transactions on a cryptocurrency app can vary depending on the app and the country you are in. Some apps may have a limit of $10,000 per transaction, while others may have higher or lower limits. It's important to check the app's terms and conditions or contact their customer support to get accurate information on the maximum limit for cash transactions.
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• Dec 17, 2021 · 3 years ago
  When it comes to cash transactions on a cryptocurrency app, the maximum limit can be influenced by various factors such as regulatory requirements, the app's policies, and the user's verification level. It's common for cryptocurrency apps to have limits in place to prevent money laundering and ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. These limits can range from a few thousand dollars to tens of thousands of dollars per transaction. It's always a good idea to familiarize yourself with the app's policies and limits before engaging in cash transactions.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, a popular cryptocurrency app, the maximum limit for cash transactions is $50,000 per transaction. This limit is set to ensure compliance with regulatory requirements and prevent potential misuse of the platform. It's important to note that this limit may be subject to change and it's always recommended to check the app's terms and conditions for the most up-to-date information on cash transaction limits.
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