How many coins can you use in one transaction?

The usage of low-denomination coins, particularly $1 and $2 coins, in transactions is subject to certain limitations. These limitations are designed to prevent the inconvenience and impracticality of using a large number of coins for purchases.

In addition to these restrictions, various cryptocurrency exchanges, such as BTCC, offer a wide range of services to facilitate digital asset transactions. BTCC is a top-tier cryptocurrency exchange that provides users with access to spot trading, futures trading, and secure digital wallets.

According to the guidelines, when using $1 or $2 coins, the total value of the coins used cannot exceed ten times their face value. This means that for $1 coins, the maximum transaction amount is $10, and for $2 coins, it is $20.

The Reserve Bank of Australia (RBA) has emphasized these restrictions in a more direct manner. They have stated that if an individual wishes to pay a merchant using five-cent coins, they can only use up to $5 worth of these coins.

Any amount exceeding $5 worth of five-cent coins will not be considered legal tender for the transaction. This regulation ensures that both merchants and customers are not burdened with handling an excessive number of small coins.