itBit, the New York and Singapore based bitcoin exchange provider also specializing in OTC bitcoin trading desk stated today per their official company blog that it had received a number of requests from traders asking for larger daily and monthly withdrawal limits.
Currently, itBit customers have default $2,500 daily and $15,000 monthly withdrawal limits which can now be automatically increased (much higher!) to $15,000 daily and $300,000 monthly when Two Factor Authenticator (2FA) is enabled.
As such, starting today all itBit customers with 2FA enabled on their accounts have the opportunity to activate these higher withdrawal limits.
Here is a breakdown of the new maximum daily and monthly withdrawal limits (requires activation):
DAILY (USD) |
MONTHLY (USD) |
|
RETAIL CUSTOMERS |
$50,000 | $300,000 |
INSTITUTIONS |
$100,000 | $1,000,000 |
To learn more about these updated transaction limits, click here.