Singapore bitcoin exchange Coinhako raises SGD deposit and withdrawal limits

Coinhako, a Singapore bitcoin and cryptocurrency exchange, announced today that it has raised the deposit and doubled withdrawal limits for Singapore Dollar (SGD) inter-bank transfers for all Singaporean users.

All Singaporean Coinhako users, that have completed levels of the Coinhako identity verification process can now take advantage of the following new deposit and withdrawal limits.

SGD Withdrawal Limits

• Level 1 Verified Singaporean users – Coinhako Singaporean users that have completed Level 1 of our KYC process can now withdraw up to SGD $5,000 per day.
• Level 2 Verified Singaporean users – Coinhako Singaporean users that have completed Level 1 of our KYC process can now withdraw up to SGD $10,000 per day.

Withdrawals are sent directly to a user’s bank account.

SGD Deposit Limits

Users will also see higher daily deposit limits in order to transfer money into their Coinhako SGD wallet to buy cryptocurrencies including Bitcoin, Ethereum, Ripple and more directly with SGD.

• Level 1 Verified Singaporean users – Coinhako Singaporean users that have completed Level 1 of our KYC process can now deposit up to SGD $10,000 per day.
• Level 2 Verified Singaporean users – Coinhako Singaporean users that have completed Level 2 of our KYC process can now deposit up to SGD $20,000 per day.