Coinbase hoses down rumors of weekly withdrawal limits on Bitcoin

A representative from Coinbase told Cointelegraph that these claims were “incorrect” and that no such policy existed that minimal withdrawals when selling to Coinbase cash balances. “Withdrawing from Coinbase will be reliant on the payment approach you are using to withdraw,” stated the representative, who recommended that users seek advice from the crypto exchanges official policy on account limits and withdrawals.The unfounded reports of withdrawal limits came around the same time that Coinbase experienced short trouble processing trades.

Crypto exchange Coinbase has refuted rumors that it had actually enforced a $5,000-per-week limitation on Bitcoin (BTC) withdrawals after a users post claiming as such acquired traction on social media.An Oct. 24 post from a user on X (formerly Twitter) declared that he d been struck with a supposed policy that limited his withdrawals of BTC from Coinbase to a maximum threshold of $5,000 a week.The post acquired over 250,000 views, with more than 420 retweets and nearly 2,000 likes. I simply tried to send BTC from Coinbase to my cold wallet, and came across a NEW $5k/wk withdrawl limitation policy (carried out 10/13). Ive been a Coinbase customer for 10 years.