Cryptocurrency exchange Coinbase is allegedly not allowing some users withdraw more than $10 per day.On Feb. 2, a Reddit user reported that Coinbase had set a $10 daily withdrawal limit for some users. The Redditor told that his subsequent application for higher withdrawal limits was denied by Coinbase. He has also posted a purported screenshot proof where the maximum amount of daily withdrawal is shown.
Some users suggested that a $10 daily withdrawal limit is a “literal scam amount.” Coinbase have not commented on the matter.
As a reminder, last December, Coinbase CEO Brian Armstrong was granted a U.S. patent for system for users to make cryptocurrency payments with email addresses linked to corresponding wallet addresses. The system automatically transmits the agreed amount from the sender’s wallet to the wallet corresponding to the receiver’s email address.