Buying limits

jerryk · February 13, 2018, 6:03pm

Will the buying limit of USA using Zelle BitCoins ever go above 0.125 and if it does when will that occur and what will the amount be?

alexej996 · February 13, 2018, 6:57pm

Yes, you should get your trading limit increased in 30 days from account creation and once again after 30 more days.

github.com

bisq-network/proposals/blob/master/payment-account-age-witness.adoc

== Payment account age witness
:toc:

....
  Bisq-IP: 2
  Layer: Exchange
  Title: Payment account age witness
  Author: Manfred Karrer <mk@nucleo.io>
  Comments-Summary: No comments yet.
  Comments-URI: Bisq Forum thread [1]
  Status: Draft
  Created: 2017-09-14
  License: GPL Version 3
....

== Abstract

This proposal describes a protection mechanism against a fraud scheme in which a criminal has obtained illegal access of a bank account and tries to buy Bitcoin with the stolen funds. The victim of the stolen bank account will likely contact his bank once he discovers the fraud and initiate a bank chargeback. The Bitcoin seller would in such a case be at risk to lose the received payment in Fiat currency.

We *assume* that the criminal who has access to the bank account intends to take out the funds of that account as quickly as possible as well as that he intends to do that in a few large transactions because with each transaction the risk increases that the fraud gets discovered and the account gets frozen.

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