Cryptocurrency Q&A
How much can you withdraw from Poloniex?
How much can you withdraw from Poloniex?
Sara
Fri Aug 30 2024
|
6 answers
1515
Excuse me, I was wondering if you could clarify something for me about withdrawing funds from Poloniex. Specifically, I'm curious about the withdrawal limits that are in place. Could you tell me what the maximum amount I can withdraw from Poloniex is, and if there are any specific requirements or conditions that need to be met in order to reach that limit? Additionally, are there any fees associated with withdrawing funds from the platform, and if so, how are they calculated? Thank you for your help in clarifying this matter.
6 answers
emma_rose_activist
Sun Sep 01 2024
In terms of deposits, there are no limitations for either level, providing users with the flexibility to fund their accounts as needed. However, the standard withdrawal limit differs significantly between the two levels.
Was this helpful?
270
41
Enrico
Sun Sep 01 2024
For Level 1 users, the daily withdrawal limit is set at $10,000, which might be suitable for casual traders. On the other hand, Level 2 users enjoy a much higher limit of $500,000 per day, catering to more advanced traders with larger portfolios.
Was this helpful?
394
44
Lucia
Sun Sep 01 2024
To further enhance security and increase withdrawal limits, both levels support Two-Factor Authentication (2FA). For Level 1 users, enabling 2FA raises the daily withdrawal limit to $50,000, providing an additional layer of protection against unauthorized access.
Was this helpful?
132
89
SoulStorm
Sun Sep 01 2024
When comparing Level 1 and Level 2 verification features on cryptocurrency exchanges, it's crucial to understand the differences in trading capabilities. For spot trading, both Level 1 and Level 2 users enjoy unlimited access, allowing them to trade freely without restrictions.
Was this helpful?
116
94
Giulia
Sun Sep 01 2024
For Level 2 users, the benefits of 2FA are even more pronounced, with a daily withdrawal limit of $1,000,000. This significantly higher limit allows for more significant transactions and enhances the overall trading experience for advanced users.
Was this helpful?
206
23
Load 5 more related questions
