{"id":62399,"date":"2023-10-24T03:13:43","date_gmt":"2023-10-24T07:13:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62399"},"modified":"2023-10-24T03:15:32","modified_gmt":"2023-10-24T07:15:32","slug":"coinbase-debunks-rumors-on-bitcoin-weekly-withdrawal-limits","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-debunks-rumors-on-bitcoin-weekly-withdrawal-limits\/","title":{"rendered":"Coinbase Debunks Rumors on\u00a0Bitcoin Weekly Withdrawal Limits"},"content":{"rendered":"\n

Coinbase has debunked false allegations circulating on social media that it imposes withdrawal limits on Bitcoin<\/a>.<\/p>\n\n\n\n

\"Coinbase<\/figure>\n\n\n\n

A user's social media post asserting that crypto exchange Coinbase had imposed a $5,000-per-week limit on Bitcoin withdrawals was widely shared. In response, Coinbase denied the rumors.<\/p>\n\n\n\n

Meanwhile, a user on X (formerly Twitter) claimed on Oct. 24 that he had been subjected to a policy limiting his weekly BTC withdrawals from Coinbase to $5,000.<\/p>\n\n\n\n

The tweet received over 250,000 views, over 420 retweets, and almost 2,000 likes.<\/p>\n\n\n\n

The post intrigued Chris Blec\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a crypto researcher, and inquired if anyone could verify the claim.<\/p>\n\n\n\n

\n

. @Coinbase<\/use><\/svg><\/span><\/a> is limiting bitcoin withdrawls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k\/wk withdrawl limit policy (implemented 10\/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!!<\/p>— Colin Brown (@thecolinbrown) October 23, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

However, a Coinbase spokesperson told Cointelegraph that these claims were “inaccurate” and that there was no such policy limiting withdrawals when selling to Coinbase cash balances.<\/p>\n\n\n\n

“Withdrawing from Coinbase will depend on the payment method you use,” said the spokesperson, recommending that users consult the exchange's official policy on account limits and withdrawal<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Moreover, Coinbase experienced a limited period of difficulty processing trades when unfounded rumors of withdrawal limits were circulating.<\/p>\n\n\n\n

According to Coinbase's official status page<\/use><\/svg><\/span><\/a>, the crypto exchange began experiencing difficulties processing transactions on Oct. 23 at approximately 6 p.m. UTC.<\/p>\n\n\n\n

Meanwhile, less than an hour later, the exchange provided an update stating that the problem had been resolved and that the team was monitoring trading activity for further disruptions.<\/p>\n\n\n\n

\"Coinbase
Coinbase trading suffered difficulties for nearly an hour on Oct. 23. Source: Coinbase<\/em><\/figcaption><\/figure>\n\n\n\n

The trading disruptions on Coinbase occurred amid a flurry of trading activity across the market, as the price of Bitcoin reached $35,000 <\/a>\u2014 a level not seen since May of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase has debunked false allegations circulating on social media that it imposes withdrawal limits on Bitcoin. A user’s social media post asserting that crypto exchange Coinbase had imposed a $5,000-per-week limit on Bitcoin withdrawals was widely shared. In response, Coinbase denied the rumors. Meanwhile, a user on X (formerly Twitter) claimed on Oct. 24 that he […]<\/p>\n","protected":false},"author":56,"featured_media":62417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,32,26],"tags":[5371,5668,5860,484,150,984],"class_list":["post-62399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto-exchange-news","category-cryptocurrencies","tag-bitcoin-2","tag-business-2","tag-cryptocurrencies-2","tag-bitcoin-price","tag-coinbase","tag-cryptocurrency-exchange"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/Coinbase-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62399"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62417"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}