When you sign up for Bringin and complete KYC Tier 1, you’re given a deposit limit of €25,000 and a withdrawal limit of €10,000. This withdrawal limit applies to both Euro and Bitcoin withdrawals combined.
What does that mean?
Deposit
On Tier 1 you can deposit max €25,000 to Bringin in both fiat and crypto. However, crypto deposits are capped at €15,000. To deposit more, you'll need to upgrade to Tier 2.
Withdrawal
If you fund your account with €1,000 worth of Bitcoin and then sell it to withdraw €1,000 in Euros, you’ve used €1,000 of your total €10,000 limit.
The limit is based on the total value withdrawn, whether it’s in Bitcoin or Euros, not the number of transactions.
Examples
Action | Withdrawal Amount Counted |
Deposit €1,000 worth of BTC and withdraw €1,000 in Euros | €1,000 |
Deposit €2,000 in Euros and withdraw €2,000 worth of BTC | €2,000 |
Withdraw €4,000 in BTC, then €5,000 in Euros | €9,000 total used |
Reach €10,000 in total withdrawals | Tier 2 KYC required to continue |
Why is there a limit?
This limit is in place to comply with EU regulations and ensure safe, responsible use of the platform. Once you reach your Tier 1 limit, you’ll need to provide additional documents to unlock higher withdrawal limits.
How to increase your limit?
You can upgrade to Tier 2 KYC by submitting additional verification documents, which include proof of address and source of funds.
Once you are KYC tier 2 approved, you get a withdrawal limit of €100,000 per month. You can further increase the limit by contacting customer support. We can support limits of more than a million euros. You can find more information here: https://help.bringin.xyz/en/articles/12629474-how-do-i-update-my-transaction-limits