When you are looking for a place to swap BCH to BTC, you consider some main factors. They will be determining your choice. Those factors are:
- safety
- reliability
- ease of use
- availability of coins
- rates, and many more other factors.
However, one factor is frequently disregarded. This factor is the limitations.
Exchange Limitations and How to Lift Limits
Different platforms impose different kinds of limitations for those willing to exchange crypto. The most common limit is the one for the number of coins swapped.
It is determined by regulation and legal requirements. So, a user is permitted to exchange a sum considered to be “safe”. It might differ from one location to another but usually, the major platforms stick to the limit of 1 BTC max per month. While the sum is not low, for traders, it might be a serious obstacle in getting the wished profit level.
To lift the mentioned limit, you might perform the following steps:
- You might register an account. To do so, you provide the basic information of personal character such as your name and surname, address, phone number. It will lift the limit while not eliminating it.
- You might move on with verifying your address and sending your ID photo. It will again increase the limit.
- Further, you might want to provide some financial data such as your VAT number, bank receipt, or whatever is required. It will again lift the limit.
It is worth mentioning that the number of steps is pretty high, and with each verification level, you will be getting more loyal conditions.
Another limit is the limit for withdrawals. While some platforms will impose a minimum sum, others will ask to withdraw a specific number of times per month, and will impose additional fees if you exceed the withdrawal number. Finally, some platforms will not allow you to withdraw more than the limit amount. The first and the last limits might be lifted with the mentioned registration and verification steps.
Are There Platforms That Do not Impose Limits?
Most instant exchange services won’t impose any limits for the number of coins to swap, the number of swaps, or the withdrawal sums. While it means that you won’t be able to buy or sell fiat funds, for cryptocurrency swaps only, this option might be perfect for those who are in crypto only.
LetsExchange is one of the services where you can buy or sell crypto without any limitations. While you can register an account (even though it is not mandatory), it brings you additional benefits without imposing any restrictions.
On the platform, you have all the needed tools to check the DOT price prediction or price forecast of any other coin, along with other tools and services needed to make wise decisions.
Along with the absence of any limitations, you can count on a number of other benefits such as complete anonymity, the best rates, the availability of the widest range of coins and tokens (more than 280 coins are available), an easy-to-use platform, and a friendly customer support that always solves the issues to the users’ benefit.
