Coinfloor, the UK bitcoin exchange announced as of today an increase in Fiat deposit and withdrawal minimums. In December 2017, Coinfloor took the decision that it would incrementally increase Fiat and cryptocurrency deposit minimums to align with industry practices and to better serve its institutional investors and professional traders.
As of today, April 2nd, 2018, Fiat deposit and withdrawals minimums will be:
| Asset | Current Minimum Deposit Amount | NEW Minimum Deposit Amount | Current Minimum Withdrawal Amount | NEW Minimum Withdrawal Amount |
| Bitcoin (XBT) | 0.0500 XBT | 0.0500 XBT | 0.0050 XBT | 0.0050 XBT |
| Bitcoin cash (BCH) | 0.0500 BCH | 0.0500 BCH | 0.0050 BCH | 0.0050 BCH |
| Pound Sterling (GBP) | 2,500.00 GBP | 10,000.00 GBP | 15.00 GBP | 10,000.00 GBP |
| Euro (EUR) | 2,500.00 EUR | 2,500.00 EUR | 5.00 EUR | 5.00 EUR |
| Polish Zloty (PLN) | 2,500.00 PLN | 2,500.00 PLN | 5.00 PLN | 5.00 PLN |
| US Dollar (USD) | 2,500.00 USD | 10,000.00 USD | 20.00 USD | 10,000.00 USD |
Withdrawal Limit Grace Period:
Customers who have a balance below £10,000/$10,000 and wish to withdraw these funds from the exchange will be allowed a fourteen (14) day grace period to withdraw in full their balance held under the new withdrawal limit until 16 April 2018, 17:00 BST.
This allowance will be made one time only and the withdrawal must contain the full balance of the customer account.
Coinfloor Exchange Gibraltar
Coinfloor has also begun a soft live roll out of its Gibraltar Exchange, a natural destination which could offer more flexibility due to the friendly blockchain asset regulations on the British Overseas Territory. Presently, Coinfloor Gibraltar has started to approve a limited number of accounts. The company warned that the setup time could be significant until it is in full-scale operation.
Discussion