Is there a limit to how much money you can deposit onto a blockchain-based payment card?

3 answers

• NayifSep 08, 2024 · a year ago
  Yes, there is usually a limit on the amount of money you can deposit onto a blockchain-based payment card. The specific limit may vary depending on the platform or service provider you are using. It is important to check with the provider to understand their deposit limits before making any transactions. This limit is often in place to comply with regulatory requirements and prevent money laundering or other illegal activities.
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• James HummDec 15, 2024 · 8 months ago
  Absolutely! Just like with traditional payment cards, blockchain-based payment cards also have deposit limits. These limits are typically set by the service provider and may vary depending on the level of verification you have completed. Higher verification levels usually come with higher deposit limits. It's always a good idea to check the terms and conditions of the card or platform you are using to understand the specific limits that apply to you.
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• Harman -Nov 09, 2021 · 4 years ago
  When it comes to BYDFi, a popular blockchain-based payment card provider, there is a maximum deposit limit of $10,000 per transaction. However, there is no limit on the total amount of money you can deposit onto the card. This means that you can deposit as much money as you want, as long as you do it in multiple transactions of $10,000 or less. Keep in mind that other platforms or service providers may have different limits in place, so it's always a good idea to check with them directly.
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