BitPanda, a cryptocurrency service for the European market today announced a significant increase in deposit and withdrawal limits. Available immediately, the increases apply to both credit card deposits along with SEPA deposits and withdrawal.
See the new limits below:
- Credit card daily deposit limits have been increased from €2,500 to €10,000.
- SEPA daily deposit and withdrawal limits are now up to €500,000, the previous daily limit was €10,000.
As part of BitPanda’s AML and KYC requirements, the company noted that particular information (i.e. proof of funds) may be required for very large deposits.
Additionally, for a measure of security, the first transaction (if relevant) with these new limits will be restricted to the previous limit of €2,500. After the first transaction is complete, it’s possible to make full use of the increased limits.
Secondly, BitPanda will now offer direct over-the-counter (OTC) services to users who are interested in purchasing or selling amounts over €1 million. This is a highly specialized and exclusive service and is tailored to individual customers.
The BitPanda team said:
“The BitPanda Plus program has been designed specifically as an exclusive service to existing fully verified customers wishing to increase their limits beyond our default limits and transact large values. If you wish to increase your account limits beyond BitPanda’s default limits, please contact us so we can discuss your available options.”