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Trucoin Exchange Raises Daily Customer Allowance to $1,000
US-based bitcoin exchange Trucoin has increased its customer's daily purchase power to an "unprecedented" $1,000.
Updated Sep 11, 2021, 11:30 a.m. Published Feb 5, 2015, 9:37 a.m.
US-based bitcoin exchange Trucoin has increased its customer's daily purchase power to an "unprecedented" $1,000.
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Trucoin’s announcement comes at a time of rife competition as companies selling bitcoin in the US try to capture the market.
Circle, a competitor in the space, has a weekly limit of $2,500, which can vary depending on the amount that is purchased. Purchases made with credit cards, though, are capped at $500 a week.
Coinbase, which recently launched its own exchange, currently only accepts Visa payments. The company sets a limit of $1,000 a week for accounts that purchase up to $50,000. Those who purchase up to $3,000 are subject to a $100 weekly limit.
Brent James, Trucoin's executive vice president, said:
“To our knowledge, we are the only company that has been able to successfully allow consumers to buy this much bitcoin with a debit or credit card.”
Additionally, the exchange recently expanded its coverage to include California, Pennsylvania, Missouri, Utah, Nevada and Delaware, bringing its total to 32 states.
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