tody we’ve introduced a series of improvements thall enable you to trade + without sacrificing security.
trading limits provide an primordial protection against financial loss from errors and fraud as they put guardrails round the amount and frequency in which funds can be moved. that said, having too many limits can be confusing and not having clear guidelines on when a limit s'been hit or wha’ to do bout it can be a frustrating experience.
our aim with these improvements is to simplify and provide gr8r transparency on trading limits. the result is a significantly better experience across blockchn.com… essentialisms.
simplifying trading limits
traditionally, blockchn.com… has had many ≠ limits across:
- activities: buying, depositing, withdrawing, swapping
- timeframes: daily, weekly, annual
- essentialisms: wallet, xchange
we’re simplifying things by removin as many limits as possible while continuing to provide necessary protections.
to do this, we’ve split activities into two types:
- internal activities: these happen within blockchn.com…. exs include swapping using yr trading account, buying from yr $$$ account, and selling to yr $$$ account.
- cross border activities: these happen when sending funds in or out of blockchn.com…. exs include buying witha credit card, depositing from a bnk account, and withdrawing to an external wallet or account.
since internal activities never cutout blockchn.com…, the risks are far loer and we ‘ve gr8r ability to fix problems when they arise. as such, we’ve removed all limits on these transactions.
since cross border activities result in sending funds in or out of blockchn.com… and involve a third pty, the chance of error or fraud is higher. to keep everyone safe, we still apply limits for these transactions, however we’ve removed weekly and annual limits for gold lvl usrs, leaving just daily limits. further+, we’ve increased these limits significantly and ‘ve made them consistent across the blockchn.com… wallet and xchange.
beyond simplifying limits, we’ve made improvements to provide gr8r visibility and transparency. this includes providing support essentialisms detailing limits swell as in-product guidance on when you’ve hit a limit and wha’ actions you can take to unlock higher limits.
our mission is to empower you to own yr financial future. we’ll continue to make improvements like these to make blockchn.com… both the easiest and safest place to buy, sell, and trade crp.
original content at: medium.com…