They do not let you take self custody if your Bitcoin. They limit sending (not selling) Bitcoin to $2K a day and $5K a week. This makes very small UTXO. When asked they say it is to “protect users” and comply with regulations, but no other exchanges have this.
Some exchanges set up auto withdrawal to cold storage and promote self custody. CashApp inhibits this strongly.
They express their transfer limits in USD, so when they started the limit might’ve been 1BTC or so, now the limits is .02 Bitcoin- that’s all you can move, because “protection” and “regulation”.
RobOK đźź / RobOK đźź 21M
npub1j4…qxzuf
2025-04-25 18:27:51
in reply to nevent1q…tn29
Author Public Key
npub1j4cdpp4khf8uc343rtmj6qsyflvnzgntrp6gwg4wden5p6efqhsqvqxzufPublished at
2025-04-25 18:27:51Event JSON
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"pubkey": "9570d086b6ba4fcc46b11af72d02044fd931226b18748722ae6e6740eb2905e0",
"created_at": 1745605671,
"kind": 1,
"tags": [
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"content": "They do not let you take self custody if your Bitcoin. They limit sending (not selling) Bitcoin to $2K a day and $5K a week. This makes very small UTXO. When asked they say it is to “protect users” and comply with regulations, but no other exchanges have this. \n\nSome exchanges set up auto withdrawal to cold storage and promote self custody. CashApp inhibits this strongly. \n\nThey express their transfer limits in USD, so when they started the limit might’ve been 1BTC or so, now the limits is .02 Bitcoin- that’s all you can move, because “protection” and “regulation”. ",
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}