Bitget Makes Adjustments to Withdrawal Limit: What You Need to Know

On April 18th, according to an official announcement, in order to improve Bitget’s risk management level and enhance user asset security, Bitget made adjustments to the withdrawal limit on April 18th, 2023 (UTC+8), as follows:

Bitget has adjusted the user withdrawal limit

If you are part of the cryptocurrency world, you must have heard of Bitget. It is one of the most famous centralized exchanges, and it has been on the market since 2018. Nowadays, it boasts over 1 million users who trade in more than 150 countries worldwide. However, Bitget faces the same issues as any cryptocurrency exchange – it must constantly upgrade its security measures to prevent hackers from stealing users’ funds. Recently, Bitget made some adjustments to the withdrawal limit. In this article, we will dive into what they did and why they did it.

Background

On April 18th, Bitget made an official announcement. The exchange made adjustments to the withdrawal limit, which came into effect on the same day. The reason for this update was to improve Bitget’s risk management level and enhance user asset security.

Changes to Withdrawal Limit

Prior to April 18th, there were no limits on user withdrawals. After the update, Bitget imposed a withdrawal limit of 10 BTC per day for unverified accounts. The withdrawal limit for verified accounts was raised to 100 BTC per day. Users who want to increase their withdrawal limit beyond 100 BTC per day can apply manually to Bitget’s customer service team.

Why Were These Changes Made?

According to the official announcement, Bitget’s decision to add a withdrawal limit aimed to improve user asset security. A withdrawal limit is one of the most effective tools for combating hacking attacks on cryptocurrency exchanges. By adding a limit, Bitget can prevent hackers from transferring large amounts of cryptocurrencies out of users’ accounts.
Additionally, a withdrawal limit allows Bitget to better allocate its resources in terms of customer support and security management. With a lower limit for unverified accounts, Bitget can direct its resources where the risks are higher.

How to Increase the Withdrawal Limit

Users who want to increase their withdrawal limit beyond 100 BTC per day can apply manually to Bitget’s customer service team. After submitting an application, users will undergo a review process. The review usually takes between two to three business days. During this time, Bitget customer service may contact users for further information if necessary.

Conclusion

Bitget has made some important adjustments to the withdrawal limit. These changes will undoubtedly make Bitget a safer platform for users to trade cryptocurrencies. Bitget has put a lot of effort into improving its customer support and security management over the years. These adjustments are just the latest in a long line of improvements.

FAQs

Q1. Can I withdraw more than 100 BTC per day?
A1. Yes, you can apply manually to Bitget’s customer service team to increase your withdrawal limit.
Q2. How long does it take to review a withdrawal limit application?
A2. Usually, it takes between two to three business days.
Q3. Why did Bitget add a withdrawal limit?
A3. Bitget added a withdrawal limit to improve user asset security and to better allocate its resources in terms of customer support and security management.