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What is the contactless limit for cryptocurrency transactions?

avatarLakeland TowingDec 25, 2021 · 3 years ago3 answers

Can you please explain what the contactless limit is for cryptocurrency transactions? I'm curious to know if there are any restrictions or limits when it comes to making contactless transactions with cryptocurrencies.

What is the contactless limit for cryptocurrency transactions?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The contactless limit for cryptocurrency transactions refers to the maximum amount of cryptocurrency that can be transacted without the need for physical contact. This limit varies depending on the cryptocurrency exchange or wallet you are using. Some exchanges may have a daily or monthly limit, while others may have a limit per transaction. It's important to check with your exchange or wallet provider to know the specific contactless limit for your transactions. Keep in mind that contactless transactions are usually more convenient and faster, but they may have lower limits compared to traditional transactions.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to contactless transactions with cryptocurrencies, the contactless limit is the maximum amount of cryptocurrency that can be transacted without the need for physical contact. This limit is usually set by the cryptocurrency exchange or wallet provider. It's important to note that the contactless limit may vary depending on the exchange or wallet you are using. Some exchanges may have a higher limit, while others may have a lower limit. It's always a good idea to check with your exchange or wallet provider to know the specific contactless limit for your transactions.
  • avatarDec 25, 2021 · 3 years ago
    The contactless limit for cryptocurrency transactions can vary depending on the exchange or wallet you are using. For example, some exchanges may have a daily limit of $1000 for contactless transactions, while others may have a monthly limit of $5000. It's important to note that these limits are subject to change and may vary depending on the exchange's policies. If you're using BYDFi, they have a contactless limit of $2000 per transaction. However, it's always a good idea to check with your exchange or wallet provider to know the specific contactless limit for your transactions.