Why Only a $50 Limit on Coinbase?
Coinbase wants to make sure you're not a robot or a scammer, so they start with a $50 limit until you prove you're legit. It's basically a 'trust but verify' situation.
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It's annoying, but it's for your own protection, trust me. I had the same limit and it increased quickly after a few transactions.
Honestly, the $50 limit is kinda stingy. They should have higher limits, IMHO.
$50 is just training wheels. Once you prove you know how to ride, they'll let you pedal faster!
The $50 limit on Coinbase is likely a security measure for new users. It's there to protect you from large losses or potential fraud during your initial transactions. As you gain trust and verify your identity, the limits will increase!
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