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Account Levels Daily Limits and Fees for Buying/Selling Virtual Currencies Directly on Coinify Trade

Coinify has 3 trade levels each with its own limits and requirements to upgrade the account. Level 1 is the initial level and all new traders start at this level.


Level 1:

Buy Bitcoin with card: minimum €20 - maximum €300 daily*

Important exception: The maximum purchase limit for your first card order is €50.

Buy Bitcoin with bank order: this level does not allow you to buy Bitcoin with bank transfer.

Sell Bitcoin with bank order: minimum €125 - maximum up to €1,000 a year


To advance to level 2 you need to go through an identity verification process which requires uploading an identity document such as a passport, national ID or driver’s license. Follow the instructions below according to the platform you are trading from:


- If you are trading from a Blockchain wallet, you can start the identity verification process by creating a bank buy order for any amount and the system will ask and show you how to upload the document (this order will not show in your Order/Trade History as it is not an actual order but a document upload).


- If you are trading directly on Coinify's platform, you can start the identity verification process by going to 'Account' and clicking on the green button which says 'Start KYC process'.


!Please note: The verification process can take up to 48 hrs. If there is anything obstructing the verification our Compliance department will contact you with further instructions if needed and clarification of the situation.


Level 2:

Buy Bitcoin with card: minimum €20 - maximum €400 daily*

Buy Bitcoin with bank transfer: minimum €125 - maximum €2,000 daily*

Sell Bitcoin with bank order: minimum €125 - maximum €10,000 daily*


To upgrade your account to Level 3 you will have to reach a total of at least €1,000 bank (buy OR sell) orders completed and wait 14 days security delay. During the 14 days security delay, you will be able to trade as normal still having the Level 2 limits. 



Level 3:

Buy Bitcoin with card: minimum €20 - maximum €3000 daily*

Buy Bitcoin with bank transfer: minimum €125 - maximum €10,000 daily*

Sell Bitcoin with bank order: minimum €125 - maximum €10,000 daily*


!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 next day 17:00 until your limit is reset.


Fees:

Buy Bitcoin with card: 3,5% Payment Fee

Buy Bitcoin with bank order: 0,75%

Sell Bitcoin: 1,0%


!Please Note: The fees displayed in this article apply only to purchases made directly from the Coinify Trade platform. Read our article about Fees for Coinify Partner Wallets to find out what fees apply to your order if you create it from your wallet and you are a customer of:

  • Blockchain
  • Abra
  • Guarda
  • Breadwallet (BRD)

For a quick overview of our trade levels and their trade limits - ONLY for Coinify Trade Platform (buying/selling directly from Coinify.com), please check the table below:





Level

Buy with Card

Buy with Bank Order

Sell

Partner Wallets

1          Min. Limit

20 €

NOT AVAILABLE

125 €

Follow the links below to see the fees for each partner:

           Max. Limit            

300 €
*50 € for your first order

NOT AVAILABLE

Up to 1,000 € per year

Blockchain

2          Min. Limit

20 €

125 €

125 €

Abra

            Max. Limit

400 €

2,000 €

10,000 €

BRD

3          Min. Limit

20 €

125 €

125 €




            Max. Limit

3000 €

10,000 €

10,000 €





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Published Date = 12/02/2018
Last Updated Date = 07/12/2018