Start a conversation

Blockchain Wallet - Fees, Levels and Daily Limits

1. Fees

If you are buying/selling Bitcoin through your Blockchain Wallet, the fees displayed below will apply to your orders. 


Buying Bitcoin with Card - 3,0%
Buying Bitcoin with Bank - 0,25%
Selling Bitcoin - 0,25%


Please Note: 

  • That the fees are always shown on the confirmation page during the purchase/sell process and you can review them before continuing and finalising your order.
  • Regardless of what level you are, you must be verified with Blockchain to be able to use Coinify's services.

2. Levels

Level 1

Not applicable for Blockchain customers. 

To buy and sell Bitcoin through Coinify from your Blockchain wallet, first, you have to complete an Identity Verification with Blockchain.

To advance to level 2 you have to go through an identity verification process which requires uploading an identity document such as a passport, national ID or driver’s license and you can do this directly from your Blockchain Wallet.

Level 2

Once your identity has been verified with Blockchain you can start buying and selling and using both of the payment methods available with Coinify - Buy With Bank Transfer/ Buy With Credit/Debit Card.

To upgrade your account to Level 3 you will have to reach a total of at least €1,000 bank buy orders completed and wait 5 days security delay. During the 5 days security delay, you will be able to trade as normal still having the Level 2 daily limits.

Level 3

!Please Note:  Advancing to level 3 will increase your buy order limit for bank transfers and Card orders but there will be no changes on Sell Orders limits.


*daily = 24 hrs cycle. For example, if you have reached your daily limit at 17:00 in the afternoon, you will have to wait until the next day at 17:00 until your limit is reset.


3. Daily Limits

Take a look at the table below to see the daily limits depending on the trader's level:





Level
Buy with Card
Buy with Bank Order
Sell Bitcoin
Level 1

Min. Order Amount
NOT AVAILABLE
NOT AVAILABLE
NOT AVAILABLE
Max. Daily Purchase Limit
NOT AVAILABLE
NOT AVAILABLE
 NOT AVAILABLE
Level 2

Min. Order Amount
50 €
100 €
100 €
Max. Daily Purchase Limit
1000 €
3,000 €
10,000 €
Level 3

Min. Order Amount
50 €
100 €
100 €
Max. Daily Purchase
Limit
5000 €
10,000 €
10,000 €


Choose files or drag and drop files
Published Date = 08/08/2018
Last Updated Date = 09/03/2020
Was this article helpful?
Yes
No