Hi point0,

The limit was actually 90% per transaction (for the past month or so), it wasn't updated on the guide page correctly until recently. We apologies for the the confusion.

Here's a little explanation:

The '90% of a user's balance' limit per transaction acts as a safeguard (for BIT-X) against unknown future exchange rates (with the high volatility Bitcoin is known to have), especially so for large transactions. ATM/POS terminals require a near-instant (tenths of a second) response, otherwise a time out will occur and the transaction will be denied. This would be the case if more than 90% of a user's balance was available for a single card transaction (at the moment of authorization we do not know the exact amount that will be needed for the conversion so this 10% gives some room for changes in the exchange rate and fees).

If you have a 10 BTC balance in your BIT-X account, all 10 BTC is available through card spending however as is clear in the card rules (https://bit-x.com/guide/bitx-cards), each transaction cannot be larger than 90% of your total balance. In transaction #1 you can use 9 BTC through the card, transaction #2: 90% of 1 BTC through the card and so on.

At all times, your entire balance is available to you for any other uses, be it for a trade or or withdrawal!

All card rules, limits and fees can be found by reading through: https://bit-x.com/guide/bitx-cards

And please, don't try to extort us:



Regards,
BIT-X.com