What limits exist on Coinbits?

Due to our partner Cybrid's requirements, there are different limits and minimums for purchasing and selling bitcoin and depositing fiat when using Coinbits.

• $3,000 rolling 24-business-hours limit

• $5,000 rolling 24-business-hours limit

• $15,000 rolling 7-business-days limit

• $6,000 per transaction limit

• $15,000 rolling 24-business-hours limit

• $50,000 rolling 7-business-days limit

• Limits per rail: Fiat transaction limits are independent of bitcoin transaction limits.

• Per direction basis: Limits on funding deposit transfers are independent of limits on funding withdrawal transfers

• Coinbits accounts may not hold bitcoin balances greater than $1,000 for more than 48 business hours. These balances are monitored weekly and members are alerted to remove the bitcoin balance, either via on-chain withdrawal or conversion to fiat currency, when they exceed $1,000.

Members who wish to transfer amounts exceeding the standard limits can apply for increased limits through an Enhanced Due Diligence (EDD) process. This includes:

• Manual review of KYC and transactional history

• Verification of occupational details and source of funds (SoF)

• Documentation declaring the source of wealth (SoW) for transactions of $50,000 or more

• $50,000 per day

• $200,000 per month

• Transactions over $6,000 must be sent via wire transfer.

EDD is a thorough review process that may take several days or longer to complete.

To inquire about the EDD process, contact our Support team.