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Coinify Administrative Fees - Trade

In this article, you will find a list of all the Administrative fees associated to Coinify trade services.

1. Bank Transfer Refunds  
We apply this fee to bank transfer refunds caused by disregarding Coinify's payment instructions. 

Refunds to EU/SEPA Bank accounts 10€

Refunds to International Bank accounts 30€

See a list of the cases which can lead to a refund where these fees apply.

2. Bounce Back Resend 

Resending a payout to a new Bank account 20€

We apply this fee when we need to resend a Sell order payout after it bounced back from the customer's Bank account. Hence, please always make sure you have entered the correct account details and that your bank is willing to accept funds sent by a company working with virtual currencies. 

Have in mind that on top of the bounce back fee you will have to cover all additional fees that the banks involved might charge!

3. When a Customer Sends Bitcoin to One of our Addresses without having placed an order before - 40% of the Full Amount

This happens very rarely when a customer who has previously traded with Coinify sends (most likely by mistake) bitcoins to one of Coinify's addresses. Although we understand that mistakes can happen, we need to cover our costs which are a direct consequence of disturbing and altering our transaction flow.

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Published Date = 24/05/2018
Last Updated Date = 09/01/2020
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