How does Coinbase limit credit card transactions?

3 answers

• Ditsaphong Na SongkhlaNov 26, 2021 · 4 years ago
  Coinbase limits credit card transactions by implementing various measures to ensure the security and compliance of its platform. These measures include setting daily and weekly limits on credit card purchases, verifying the identity of users, and monitoring transactions for suspicious activity. By doing so, Coinbase aims to prevent fraud and protect its users' funds.
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• Bandana ManNov 06, 2023 · 2 years ago
  To limit credit card transactions, Coinbase employs a combination of fraud detection systems and compliance procedures. This involves analyzing transaction patterns, checking for suspicious activities, and conducting identity verification checks. By implementing these measures, Coinbase can mitigate the risk of fraudulent transactions and ensure the safety of its users' funds.
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• Jackson ReddingMay 26, 2022 · 4 years ago
  As a leading digital currency exchange, Coinbase takes the security of credit card transactions seriously. To limit credit card transactions, Coinbase has implemented strict policies and procedures. These include setting limits on credit card purchases, conducting thorough identity verification checks, and monitoring transactions for any signs of fraudulent activity. By doing so, Coinbase aims to provide a safe and secure platform for users to buy and sell digital currencies.
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