Which Crypto Exchanges Give the Most Spending Limit?

Account limits can be a real pain in the ass. 

Imagine needing your fiat funds for an urgent issue or wanting to place a crypto trade you’re very sure of, only to find out that your account limit is restricting you. 

It’s not a pleasant experience. 

That’s why you need to know which crypto exchanges give the most spending limit. More importantly, high crypto exchange limits give you enough freedom to execute your trades reliably and withdraw as much funds as you need on time. 

That’s why we’ll be sharing some crypto exchanges with highest withdrawal limits with you in this article. 

But before we start assessing our options:

What is a Spending Limit? 

In the context of cryptocurrency exchanges, the spending limit is the maximum number of cryptocurrencies or fiat money that a user is allowed to buy, sell, or withdraw in a certain time frame. It is the maximum number of transactions that a user on a cryptocurrency exchange is allowed to make. This could entail limitations on cryptocurrency purchases, sales, and withdrawals.

Although many cryptocurrency traders often believe they should have the freedom to buy, sell, or withdraw any amount of cryptocurrency they want as long as they have legitimate access to it, most crypto exchange providers and regulatory bodies impose limits on their financial activities. Some of the major reasons why they impose these limits include risk management and guaranteeing adherence to legal mandates. 

As such, different top decentralized exchanges have varying policies in this regard. Consequently, traders who choose to trade on one crypto exchange may enjoy different crypto exchange limits and, in turn, a different level of trading freedom compared to others on a different platform. This is why it is important to know the spending limits available on your chosen cryptocurrency exchange platform. 

Types of Spending Limits in Exchange

While spending limit is an umbrella term for different crypto exchange limits or caps imposed on all kinds of transactions that could occur on a cryptocurrency exchange, different crypto exchanges further distinguish these spending allowances based on the specific financial activity a user is involved in. Some of them include the following:

1. Purchase Limits

As the name implies, purchase limits refer to the highest value of cryptocurrency a user can put money into or buy on a crypto exchange within a set period. The best crypto trading platform usually sets this limit to maintain security best practices, abide by regulatory requirements, and even help traders manage their funds responsibly. Many traders can get reckless sometimes. 

Therefore, purchase limits somehow help traders minimize the chances of incurring major losses. In the same vein, they may also hinder the trader from making huge profits because of their inability to make huge, risky purchases.  

Many crypto newbies confuse purchase limits with limit orders. However, they are slightly different terms. While the crypto exchange imposes a purchase limit on the amount of fiat or crypto funds users can use to buy cryptocurrencies, limit orders are set by the trader as the maximum or minimum amount the user wants to trade. Setting a limit order triggers the trade whenever the price for a particular order reaches the set price. 

Finally, purchase limits can be set to daily, weekly, or monthly limits, indicating a termly restriction on a trader’s termly spending.

2. Withdrawal Limits 

This is arguably the opposite of purchase limits. It refers to the largest volume of crypto funds or fiat currencies that a trader can pull out from their financial holdings on a crypto exchange platform. 

As with purchase limits, crypto exchange withdrawal limits help to enhance security or prevent fraud in accordance with the exchange’s security and anti-fraud policies. For instance, in the unlikely event that an unauthorized agent gains access to a user’s account, the withdrawal limits prevent them from carting away the user’s funds in one fell swoop, thus giving them some form of protection. 

3. Deposit Limits

Deposit limits refer to the maximum amount of fiat money or cryptocurrency that a user is permitted to deposit into their cryptocurrency exchange account in a single transaction within a given time frame. Platforms impose these crypto exchange withdrawal limits to deter fraudulent users from exploiting the exchange platforms for dishonest and fraudulent operations like money laundering.

As such, enforcing deposit limitations is occasionally necessary to ensure adherence to anti-money laundering laws. 

4. Available Spending Limit

This type of spending limit particularly applies to crypto exchanges that offer their traders loans or credit facilities. The available spending limit shows how much loan profits are accessible for purchases or withdrawals. You can calculate your available spending limit by subtracting any used balance from the total spending limit. 

Different crypto exchanges often get creative with spending limits and offer different variants based on their unique platform policies and structure, especially when the platform is built by a reputable cryptocurrency exchange development company. However, these are the most basic types of spending limits. 

Let’s quickly examine some of the top crypto exchanges offering the most spending limits. 

Top 6 Crypto Exchanges With the Most Spending Limits

The following are 10 of the top crypto exchanges with the most spending limits:

1. Binance

Binance serves more than 30 million customers worldwide and is the biggest cryptocurrency exchange by trading volume. As such, it emerges as one of the top crypto exchanges offering users with the most spending limits. 

As we have hinted earlier, spending limits depend on various factors, and with Binance, basic verification is one of these major factors. For example, frequent users with basic verification on Binance have a withdrawal limit of about 0.06 BTC. However, when users complete Binance’s KYC procedure, this withdrawal limit rises to a staggering 100 BTC on a daily basis. Furthermore, Binance has a nine-tiered VIP program, with higher tiers granting access to larger withdrawal limits. The daily withdrawal limit for VIP 9 customers is 96 million BUSD, while VIP 4 users can withdraw up to 16 million BUSD.

Additionally, Binance offers discounts for transactions made using Binance Coin (BNB) and has a well-organized cost structure. By raising their trading volume, users can elevate their VIP status and improve their overall trading experience. For both new and seasoned cryptocurrency traders, Binance continues to be a top option thanks to its strong security protocols and educational materials.

2. Kraken

Apart from the fact that Kraken is a well-known cryptocurrency exchange platform with robust security features and a user-friendly interface, it also offers flexible deposit and withdrawal limits. And just like Binance, these spending limits also vary user verification levels and the types of assets a user is involved with. 

For starters, Kraken lets customers with an Intermediate verification level make unlimited deposits, but withdrawals are limited to $15 million per month and $500,000 per day. Users who have a Pro account, on the other hand, enjoy much greater freedom in terms of spending. Their monthly withdrawals are unlimited, while their daily withdrawals exceed $10 million.

Now, these limits often get confusing for users. However, Kraken clarifies things by calculating different limits for crypto and cash transactions. Likewise, the limits are calculated differently for deposits and withdrawals, while rolling periods—daily (24 hours), monthly (30 days), and annual (365 days)—determine limitations independently for cash and cryptocurrencies. Notably, monthly limitations supersede daily limits, while annual limits take precedence over monthly constraints. Nonetheless, regardless of whether the currency is being deposited or withdrawn, all limit values are shown in USD for better comprehension.

Users who wish to increase their spending limits can do so by contacting Kraken support for corporate accounts or verifying to a higher level. It’s also important to mention that Kraken may put a deposit that exceeds the daily limit on hold till the limit resets due to currency fluctuations. This is how the platform keeps its trading environment flexible enough for both casual investors and high-volume market movers. 

3. Gemini

Launched in 2014, the Gemini cryptocurrency exchange has since grown to be one of the most prominent. It lets users buy, sell, and trade over 150 cryptocurrencies. 

To control spending, Gemini users are given different transfer restrictions according to the payment methods they have selected. While deposits are limitless and are reset every 24 working hours, excluding weekends and federal holidays, the daily withdrawal limit for U.S. customers using ACH bank transfers is set at $100,000. In contrast, the daily limit for purchases made using PayPal or debit cards is $1,000. However, fiat withdrawals cannot be made using these means. Interestingly, these boundaries don’t influence one another because they function separately.

Things get a bit less restrictive when it comes to wire transfers, as Gemini doesn’t place any restrictions on deposits for either individual or institutional accounts. The minimum withdrawal amounts, however, differ depending on the currency. For example, withdrawals in USD start at $25.01.

While individual transactions in Singapore are limited to SGD 20,000, Gemini provides quick transfers with no daily maximum limits on SGD deposits or withdrawals. Overall, Gemini’s structural limits serve both novice and experienced traders who want to execute larger trades safely.

4. Crypto.com

Compared to most other crypto exchanges on this list, crypto.com takes a rather different approach to determining a user’s spending limit. Most notably, the platform allows its users to use their cryptocurrency holdings as collateral for purchases and withdrawals using their Crypto.com Card, thanks to Crypto.com’s special spending limit mechanism. 

To facilitate efficient transactions, the Available Spending Limit is determined by subtracting the Total Spending Limit from the Used Balance.

Wondering how crypto.com determines its spending limit? 

The first and most important thing you need to know is that the market value of the chosen collateral and the relevant Loan-to-Value (LTV) percentage impact the expenditure cap. For example, the maximum spending limit can be CAD 60,000 if a person has multiple cryptocurrencies locked up. The quantity of CRO (Crypto.com’s native token) that a user locks up determines the initial LTV percentage. Consequently, higher amounts enable a higher LTV.

With this structure in mind, crypto.com now allows its users to use a variety of cryptocurrencies, like BTC, ETH, and stablecoins like USDC, as collateral. Because of this flexibility, consumers can continue to profit from their cryptocurrency assets while maintaining liquidity. 

Pretty awesome, right? 

As an icing on the cake, crypto.com doesn’t impose any fees or deposit limits when users deposit funds into the exchange. However, depending on the method, fiat deposits and withdrawals may be subject to fees and have particular guidelines. 

5. KuCoin

KuCoin makes sure customers can efficiently manage their transactions by providing structured daily limitations for a range of fiat services. For instance, the daily cap on fiat deposits and withdrawals is $150,000 each. However, when it comes to cryptocurrencies, users can transact up to $50,000 per day when purchasing or selling cryptocurrency with fiat money. Furthermore, when using a bank card to buy cryptocurrency, the daily limit rises to $100,000. 

One of the nice things about these limits is that they are reset every day at 0:00 UTC. As a result, if a user tries to exceed these limitations, their order can be rejected, or the transaction might be delayed until the next day. The mechanism developed by KuCoin is intended to offer flexibility while upholding security and legality. These spending caps accommodate both novice and experienced traders, enabling effective platform money management.

6. Coinbase

Coinbase, a well-known cryptocurrency exchange, safeguards customers and the site itself by establishing purchase and deposit limitations, much like a watchful gatekeeper. These restrictions change based on trade history, payment methods, and account activity.

Using US customers as a case study, Coinbase is a crypto exchange with no withdrawal limit. There are no limits on the amount of cryptocurrency that can be sold to a user’s cash balance when cashing out, thus making Coinbase a crypto exchange with no withdrawal limit. However, the daily deposit limit for U.S. users is $25,000. Cashing out, however, is dependent on the mode of payment. Coinbase replenishes the limits weekly and adjusts them every 24 hours for daily transactions, as well as monitors transactions on a regular basis.  

7. BitFinex

Bitfinex is one of the longest-running and most liquid major cryptocurrency exchanges in the crypto industry. Like most other crypto exchange platforms, Bitfinex offers precise withdrawal caps for both fiat and cryptocurrency transactions. The minimum withdrawal amount for cryptocurrencies is $5 equivalent. Bitfinex sets this minimum withdrawal amount to avoid processing extremely tiny quantities of crypto transactions, commonly known as “dust.”

On the other hand, users with Full Verification can withdraw at least $10,000 in USD, EUR, or GBP and 1,000,000 JPY in fiat currency. Furthermore, the minimum withdrawal amount for Euro transactions made through the third-party provider OpenPayd is €25.

These restrictions guarantee that consumers may efficiently manage their money while upholding platform security and compliance. Overall, Bitfinex’s versatile withdrawal alternatives appeal to both novice traders and sophisticated investors.

Conclusion

Whether you’re a novice or an experienced trader, knowing the spending limit of your preferred crypto exchange will prepare your mind accordingly for the kinds of transactions you can carry out on that platform. In addition, it prepares you to manage your funds better, execute trades efficiently, and seize emerging market opportunities. 

These limits also depend on a trader’s account verification status and level of activity on the platform. With the right knowledge, you can increase your limits to facilitate your preferred types of trades. 

So, whether it’s Binance or Coinbase that tickles your fancy, check out how much you can define deposit, withdraw, or spend on simple transactions before depositing your funds. It’ll help you make the most of your investments. 

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