Deploying Smart Spending Limits
We’re excited to announce that we’ve made some updates to the BuyXCH experience! As we continue to build out the Chia blockchain infrastructure and tooling, the on-ramp process into the ecosystem needs to remain as smooth as possible for both current and new users and a seamless, safe and secure buying experience is an absolute must.
So, what’s changing?
Limits will now be user-specific. Since launch, BuyXCH has used a single spending limit applied equally to every user. With this update, we will be calculating spending limits personalized to you, based on your buying history on the platform.
If you’re new to buying XCH, you’ll start with a baseline limit. As you make successful purchases over time, your limit will automatically increase. With the new smart spending limits, there’s no required process and no waiting for a manual approval for an increase. The system will continue to evolve as you engage with it.
Why We’re Doing This
This change makes the platform more accessible and raises limits safely. Frequent buyers can purchase more XCH without friction, and the system doesn’t enable bad actors or abuse. Tying higher limits to real purchasing behavior is the right way to get there.
Rather than a single limit, the new system allows us to take a more flexible and secure approach to how we handle risk. With these changes, we’ll be able to give more room to users who’ve demonstrated a reliable and honest buying history.