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Plaid/limit increase issues.

Binance

Cryptocoins Exchanges / Binance 247 Views

I'm unable to utilize Plaid to authenticate via my bank. I've disabled MFA and the issue persists (indicates MFA type not supported/intermittent random errors). I ended up adding it manually via bank transactions. I am limited to 1,000 USD. Upon contacting Binance they indicated that if I don't authenticate via Plaid I'm not eligible for the 50,000 ACH limit (this is after completing all levels of authentication).

Can anyone speak to this? It seems pretty absurd to rely on a service that is notoriously trash to receive a limit over 1,000 (which is an absurdly small amount). Does anyone have experience with this?

submitted by /u/Piccolo_Alone
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