Why some exchanges have limited reserve for some currencies? - Exchanges - CryptoTalk.Org Jump to content
Brushless4500KV

Why some exchanges have limited reserve for some currencies?

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When you trade with cryptocurrencies, you need to transfer or convert different currencies multiple times. Sometimes you need to convert large amount of money and other times you work with less amount. There is a problem with some exchanges regarding this issue. Some of them only offer limited reserves for some currencies. For example, if you want to convert 1 BTC to PayPal or Payeer USD you need to send more than $7000 but I see some exchanges don't have more than $5000 reserve for USD transfer. What is your suggestion to solve this problem? Do we need to order once and wait until they fill their reserves again? Another solution is to divide your order into multiple parts and transfer each amount with a different exchange but this way you should pay three times more fee.

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I Don't know about Exchange cryptocurrency  Reserve. 

I know Exchange reserve maximum are user fund. 

Because maximum investors use exchange wallet for trading that's why I think so.       

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Perhaps because they want to avoid legal accountability, as some platforms know, monitoring by monetary authorities, and any suspicious movement of funds, these authorities must move, this is my opinion.

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You only need to repeat the transaction until you get the exact number but maybe you need to wait until 24 hours for repeat process. Exchanges do that because has limit resources to cover all transactions, other reason is some platform ( paypal, etc ) also has limit to use their services. Exchanges need wise act to handle this problem, I think you can use other exchanges if not fit with your limit.

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I think this limited reserve is not in some exchanges but it is for all exchanges this is because to be aware of your moneys safe that's why they put limitations

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On 12/14/2019 at 6:09 PM, Brushless4500KV said:

When you trade with cryptocurrencies, you need to transfer or convert different currencies multiple times. Sometimes you need to convert large amount of money and other times you work with less amount. There is a problem with some exchanges regarding this issue. Some of them only offer limited reserves for some currencies. For example, if you want to convert 1 BTC to PayPal or Payeer USD you need to send more than $7000 but I see some exchanges don't have more than $5000 reserve for USD transfer. What is your suggestion to solve this problem? Do we need to order once and wait until they fill their reserves again? Another solution is to divide your order into multiple parts and transfer each amount with a different exchange but this way you should pay three times more fee.

Maybe this is because that is not a major demand. You should discuss this with the exchange. Meanwhile, the exchange should promote its advantages. So more people will use the option.

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The main reason for having currency reserve on some exchange sites is that many people will exchange currency with this exchange site, so if there is no currency reserve on that site, people will not be able to get currency transactions properly.  That's why keeping a currency reserve is an important part of the Exchange site.

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Mainly they make this limitations for some country but from my country I never faced this type off issue. I suggest you to use another exchange or need to do it by two times partly.

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Some times they do this limited reserve for giving the opportunities  to their all members.  some times they also do it for some countries for some reasons.

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I suggest converting the currency to another coin that is more liquid and easy to transfer to another exchange and there you can convert it to any coin you want. I think this solution is better than the previous one.

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On 12/14/2019 at 5:09 PM, Brushless4500KV said:

When you trade with cryptocurrencies, you need to transfer or convert different currencies multiple times. Sometimes you need to convert large amount of money and other times you work with less amount. There is a problem with some exchanges regarding this issue. Some of them only offer limited reserves for some currencies. For example, if you want to convert 1 BTC to PayPal or Payeer USD you need to send more than $7000 but I see some exchanges don't have more than $5000 reserve for USD transfer. What is your suggestion to solve this problem? Do we need to order once and wait until they fill their reserves again? Another solution is to divide your order into multiple parts and transfer each amount with a different exchange but this way you should pay three times more fee.

I think it's a kyc issue of your account. Many exchange don't provide to withdraw large amount without kyc. At first you have to complete kyc to get this access.


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If you want to exchange a big amount then you must be used the big crypto exchange like as yobit crypto exchange this type big exchange provide the all facilities at high level and you can convert big amount with in few mints according to your choice.

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I think this is logic also happens on the real world business, so is not for some website exchange is this limited reserve but it is for all websites exchanges, they keep a reserve to avoid any crisis about the market prices.

 


 

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I think that when exchanges have limited reserves for some currencies, the reason is that the currency is not suitable or not the best currencies the exchange chooses.

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Just now, Halimah said:

I reason this inadequate emergency supply is not in a little exchanges but it is for every one of exchanges this is for the reason that to be discerning of your moneys sound that's why they put limitations
 

Maybe exchanges should work together to create larger marketplaces. And by this prevening lack of supply. It would be grate to connect all exchanges in a large blockchain 😀


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Maybe in light of the fact that they need the best coins, a portion of the cash is really made without advancement, including them just includes inconvenience.

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Foreign exchange reserves are the foreign currencies held by a country's central bank. They are also called foreign currency reserves or foreign reserves. There are seven reasons why banks hold reserves. The most important reason is to manage their currencies' values

Reserves act as a shock absorber against factors that can negatively affect a currency's exchange rate, so a nation's central bank uses its currency reserves to help maintain a steady rate, buying or selling depending on which direction they want exchange prices to

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From my perspective I don't know anything about it and I in reality reflect the coin is not subsequently prevalent and has a slight trading number on the exchange.
 

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Yes there are some exchanges which has the limitations with it and that too i think should not be there because its not compulsory for every users to contain that much of balances with them so it would be very difficult for them. 

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Actually for this reason it will be increased our working speed. Really it is very helpful. Thank you for give us this important information

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On 12/14/2019 at 1:09 PM, Brushless4500KV said:

When you trade with cryptocurrencies, you need to transfer or convert different currencies multiple times. Sometimes you need to convert large amount of money and other times you work with less amount. There is a problem with some exchanges regarding this issue. Some of them only offer limited reserves for some currencies. For example, if you want to convert 1 BTC to PayPal or Payeer USD you need to send more than $7000 but I see some exchanges don't have more than $5000 reserve for USD transfer. What is your suggestion to solve this problem? Do we need to order once and wait until they fill their reserves again? Another solution is to divide your order into multiple parts and transfer each amount with a different exchange but this way you should pay three times more fee.

Yes I faced that problem which I can't transfer my balance of BTC on my wallet to my PayPal account the exchanging cost huge amount at the end I didn't exchange avoid the big fees maybe in the future we find platform which exchange our bitcoin or any with less fees. 

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Responding to your problem that is very interesting to discuss, Not all exchanges have large capital, so many of them have limited reserve for some currencies. In my opinion how to convert a smaller amount, for example, only 0.5 BTC to PayPal or Payeer, but if you don't want to pay a bigger fee it's better to wait until they fill their reserves again.

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I think we have to wait for the reserves to be filled first, because if we exchange some of the parts we will need a lot more money. What we are looking for is a small fee, not a lot of costs.

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