I received this answer from another online resource (see below). I can confirm this is accurate. In addition, if you link your bank account (not credit or debit card) then your limit seems to increase drastically:
There is not much that you can do to increase your Coinbase limit per their policy. There is no helpdesk, customer service or exception request. There is a hack that they don’t advertise. it is GDAX.
Coinbase has an exchange called GDAX . GDAX is the trading / exchange platform for Coinbase. If you have an Coinbase account, you can automatically access GDAX. You don’t need to apply and get verified for GDAX. You trade the same 3 altcoins GDAX that you have in Coinbase
GDAX has a $250,000 limit for wire transfer, you can wire $250,000 into GDAX (i don’t know if there is weekly or daily 250k limit or you can do multiple 250k wire transfers.), wire transfer has $10 incoming fee + whatever your bank charges, there is no limit how much you can trade (buy) once the money is in GDAX.
If you wish to “hold” your altcoins, you can withdraw the altcoins from GDAX to your Coinbase’s wallets or vault for better security. However, there is a daily $10,000 withdraw limit for transferring from GDAX to Coinbase. The same $10,000 daily limit applies to your withdraw to your bank accounts.
[–] Wahwahweewah [S] ago
I received this answer from another online resource (see below). I can confirm this is accurate. In addition, if you link your bank account (not credit or debit card) then your limit seems to increase drastically:
There is not much that you can do to increase your Coinbase limit per their policy. There is no helpdesk, customer service or exception request. There is a hack that they don’t advertise. it is GDAX.
Coinbase has an exchange called GDAX . GDAX is the trading / exchange platform for Coinbase. If you have an Coinbase account, you can automatically access GDAX. You don’t need to apply and get verified for GDAX. You trade the same 3 altcoins GDAX that you have in Coinbase
GDAX has a $250,000 limit for wire transfer, you can wire $250,000 into GDAX (i don’t know if there is weekly or daily 250k limit or you can do multiple 250k wire transfers.), wire transfer has $10 incoming fee + whatever your bank charges, there is no limit how much you can trade (buy) once the money is in GDAX.
If you wish to “hold” your altcoins, you can withdraw the altcoins from GDAX to your Coinbase’s wallets or vault for better security. However, there is a daily $10,000 withdraw limit for transferring from GDAX to Coinbase. The same $10,000 daily limit applies to your withdraw to your bank accounts.
Good luck. I hope this helps.