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Account Levels, Daily Limits and Fees for Buying/Selling Virtual Currencies Directly on myCoinify

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 with card: minimum order amount €20 - maximum purchase limit €300 daily*

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

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

Sell with bank order: minimum order amount €125 - maximum purchase limit 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. You can find out how to do this here. 


Level 2:

Buy with card: minimum order amount €20 - maximum purchase limit €400 daily*

Buy with bank transfer: minimum order amount €125 - maximum purchase limit €2,000 daily*

Sell with bank order: minimum order amount €125 - maximum purchase limit €10,000 daily*


To upgrade your account to Level 3, you have to reach a total volume 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 with card: minimum order amount €20 - maximum purchase limit €3000 daily*

Buy with bank transfer: minimum order amount €125 - maximum purchase limit €10,000 daily*

Sell with bank order: minimum order amount €125 - maximum purchase limit €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 05:00 p.m. in the afternoon, you will have to wait until next day 05:00 p.m. until your limit is reset.


Fees:

Buy with card: 3,5% 

Buy with bank order: 0,75%

Sell: 1,0%


!Please Note: The fees displayed in this article apply only to purchases made directly from  myCoinify. Check below what fees will apply if you create your orders from any of our Wallet Partners:

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





Level

Buy with Card

Buy with Bank Order

Sell

Partner Wallets

Level 1

Min. Order Amount

20 €

NOT AVAILABLE

125 €

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

Max. Daily Purchase Limit            

300 € *100€ for your first order

NOT AVAILABLE

 1,000 €

Blockchain
Max Yearly Limit (ONLY for this level) 3000 € NOT AVAILABLE 1,000 €

Level 2

Min. Order Amount

20 €

125 €

125 €

Abra

Max. Daily Purchase Limit


800 € *100€ for your first order

3,000 €

10,000 €

BRD

Level 3

Min. Order Amount

20 €

125 €

125 €




Max. Daily Purchase Limit

3000 €

10,000 €

10,000 €





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Published Date = 12/02/2018
Last Updated Date = 23/05/2019
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