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

1. Fees

If you are buying/selling Bitcoin directly from your myCoinify account, the fees displayed below will apply to your orders:


Buy with card: 3,5% 

Buy with bank order: 1,0%

Sell: 1,0%


2. Levels

Coinify has 3 trade levels each with its own limits and requirements to upgrade the account.

Level 1

Not applicable for myCoinify customers

 

To buy and sell Bitcoin on myCoinify, first, you have to complete an Identity Verification with Coinify.

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

Once your identity has been verified, you will be able to buy and sell using both currently available payment methods - buy with Credit/Debit Card and buy with Bank Transfer (EU & SEPA countries only). Your buy and sell daily limits will also increase. 

To upgrade your account to Level 3, you have to reach a total volume 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 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.


3. Daily 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.


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


Level

Buy with Card

Buy with Bank Order

Sell

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 €

125 €

125 €

Max. Daily Purchase Limit


800 € *400€ for your first order

3,000 €

10,000 €

Level 3

Min. Order Amount

50 €

125 €

125 €

Max. Daily Purchase Limit

3000 €

10,000 €

10,000 €



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Published Date = 12/02/2018
Last Updated Date = 04/02/2020
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