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UK bitcoin exchange Coinfloor reinstates GBP withdrawals for clients

Coinfloor bitcoin exchange increases deposit and withdrawal minimums

UK bitcoin exchange Coinfloor today announced they have reinstated GBP withdrawals for clients. In early April 2018, Coinfloor was informed by their primary bank that its GBP SWIFT provider had asked them to pause processing GBP SWIFT withdrawals.

Also stated, to go in effect beginning on June 1st and aligned with the company’s commitment to better serve its institutional and sophisticated investors and traders, the exchange said it will increase the minimum deposit amount from 2,500 to 5,000 and increase its minimum withdrawal amounts to 2,000 for GBP, EUR, and USD.

Note, clients who elect to close their account will receive a one-time exemption from the withdrawal minimums for their final withdrawals.

Deposit fees will remain at £5 for GBP and $10 for USD deposits. Withdrawal fees will increase to £60 per GBP withdrawal and $75 per USD withdrawal.

EUR deposit and withdrawal fees will remain unchanged at €1.50 per deposit or withdrawal transaction.

Review the table below for a summary of the new deposit and withdrawal fees and minimums:

Asset Minimum deposit amount Deposit fee Minimum withdrawal amount Withdrawal fee
Pound Sterling (GBP) 5,000.00 GBP 5.00 GBP 2,000.00 GBP 60.00 GBP
Euro (EUR) 5,000.00 EUR 1.50 EUR 2,000.00 EUR 1.50 EUR
US Dollar (USD) 5,000.00 USD 10.00 USD 2,000.00 USD 75.00 USD
Source:Coinfloor

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