How would you liquidate a wallet with, say, 100 BTC or more? 1000? 10,000?
Can any of the exchange houses move that much money in a day? Would you instantly be visible and known to everyone?
So basically you could liquidate 1000 BTC in a market sell if you split it across some exchanges and cause a 2% move downward. More if you were a bit smarter about selling and not just straight dumping it.
[1] https://twitter.com/elonmusk/status/1386821144037236737?lang...
Normal accounts can offload 25k/day last time i checked.
My Coinbase daily limit is actually $250k and I haven't done any extra verification, and my total amount ever traded is lower than that figure. Just a long time account holder.
I think it was kraken or Binance that i checked.
Coinbase pro states 50 k /day https://help.coinbase.com/en/pro/trading-and-funding/trading....
> When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit.
Like I said, there are limits but they can be raised by going through extra verifications..
> When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit.
That implies that the limit for new accounts (mine is not) is $50k and that the limit may be raised by making a request. It does not imply that making a request is the only way of raising the limit..