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Re:Please invest responsibly – an important message from the... by ISL on Friday December 08, 2017 @01:57PM (#15880965)
That is exactly what it is. It is informing Coinbase's customers that their resources are finite and that they cannot be relied upon to execute trades nor provide support in a heartbeat.

It is important that they say this, as it appears to be true.

PSA: If you're a Coinbase customer, and you have never made a withdrawal, are you aware that there are weekly sell limits, priced in USD, not BTC? It was a surprise to me.

If you're sitting on a little BTC kitty at Coinbase that has grown large, do know that you may not be able to convert it all to USD on a single trade even if Coinbase has liquidity and buyers.

Re:Please invest responsibly – an important message from the... by maxerickson on Friday December 08, 2017 @02:01PM (#15881000)
Do they not lay out those limits in a clear way somewhere or had you not looked for the info?
Re:Please invest responsibly – an important message from the... by hobofan on Friday December 08, 2017 @02:05PM (#15881043)
I transferred my BTC to Coinbase a few years ago (because I didn't trust myself to keep my wallet safe), and this is the first time I have heard of this. To be fair my account isn't set up for withdrawal (no bank account connected), so you might be notified about this there.
Re:Please invest responsibly – an important message from the... by maxerickson on Friday December 08, 2017 @02:16PM (#15881134)
I meant something like https://support.coinbase.com/customer/en/portal/articles/210...

Which is a top result searching Google for "coinbase transaction limits".

Re:Please invest responsibly – an important message from the... by g09980 on Friday December 08, 2017 @02:29PM (#15881266)
Deposit/withdrawal limits can be increased if you ask them (if you are a high net worth individual.)
Re:Please invest responsibly – an important message from the... by ISL on Friday December 08, 2017 @03:24PM (#15881719)
It is a surprise if you expect Coinbase to operate like traditional trading platforms/banks. Those tend to have lots of KYC friction to make deposits, little friction to make withdrawals.

I continue to be surprised that Coinbase doesn't allow instantaneous execution, if they really do have buyers/liquidity, and then allow the USD to sit in a cash account and trickle out slowly if necessary.

I was similarly surprised that I'd have to set up a GDAX account just to place a limit order. Making what is essentially a forex exchange with market orders alone is fraught with uncertainty.

Re:Please invest responsibly – an important message from the... by ryanmerket on Friday December 08, 2017 @07:14PM (#15883284)
My weekly withdraw limit is $50k... I have zero problems with that.