I’m getting a very uncomfortable feeling about withdrawal limits on exchanges.
Coinbase limits are $250,000/day,
Bittrex limits are the value of 100 Bitcoins (about $400,000), and
Kraken says $500,000 but has an annual limit of $6,000,000.
Long term, if Cardano succeeds as we all hope it will, people need to be aware that you may not be able to withdraw all of your fiat quickly.
Earlier on this website, someone answered my question about limits by saying Kraken could provide $10,000,000 given about a week to complete the transaction. But, when I chatted with Kraken, they would not confirm this. They said would ‘work with me’.
After selling crypto, how does Charles withdraw large amounts of fiat in a short amount of time?