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RE: Coinbase CEO admits they are not profitable in a reddit thread asking why anyone would use Coinbase
How come there is a $60 Limit for coinbase bitcoin purchases the last time I made a purchase on coinbase was a few weeks ago.
That is for credit/debit cards. Limit gets raised as you transfer more money into your account and they trust you a bit more. Clearly it's about limiting damage done by credit card fraud. I typically do xfer via bank account which has zero fees but takes 5 days and the limit on that is $10K. Yes, it's annoying to have low limits but it's understandable.