Fidelity withdrawal limits could trap Bitcoin holders for weeks, research shows

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Fidelity caps crypto withdrawals at $25,000 per day for advanced accounts and $2,000 per day for standard accounts. A holder of $500,000 in Bitcoin would need a minimum of 20 days to withdraw their full funds at the advanced level, and up to 250 days at the standard level. This creates a dependency on the custodian’s policies, regardless of the firm’s reputation. Competitors like Swan Bitcoin offer unlimited withdrawals with no caps, contrasting with the constraints imposed by traditional platforms.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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