What are the limits when purchasing Bitcoins?: Difference between revisions
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==Verification based limits== | ==Verification based limits== | ||
Regulations mean that for purchases of any size, all users need to have gone through the full ID validation process. There's a list of the types of documents we can accept for that on our [[Accepted_forms_of_ID|accepted forms of ID]] page | |||
==IP based limits== | ==IP based limits== | ||
You should connect from a computer based in the country you are buying Bitcoins from. For example, if you are trying to buy Bitcoins using a UK bank account, please connect from the UK. If you are abroad or otherwise need an exception, please verify your ID and then contact us at [mailto: | You should connect from a computer based in the country you are buying Bitcoins from. For example, if you are trying to buy Bitcoins using a UK bank account, please connect from the UK. If you are abroad or otherwise need an exception, please verify your ID and then contact us at [mailto:support@bittylicious.com support@bittylicious.com]. | ||
If your IP address and country you're purchasing from don't match, your limits will be reduced. If you attempt to buy from an anonymous proxy, your purchase attempt will be declined. | If your IP address and country you're purchasing from don't match, your limits will be reduced. If you attempt to buy from an anonymous proxy, your purchase attempt will be declined. | ||
Your limits will also be significantly lower if you are using a mobile data connection. | |||
==Account age limit== | ==Account age limit== | ||
Long term users are generally trusted more, so your overall purchasing limits increase with account age. | Long term users are generally trusted more, so your overall purchasing limits increase with account age. As the age of your account increases since your first significant purchase, so will your limits. | ||
==Ongoing limits== | ==Ongoing limits== | ||
Ongoing limits apply, and are subject to change at short notice. For example in some situations, once twelve hours have passed since your last purchase, half of that amount might be purchased again. Once 48 hours have passed, the entire amount might be purchased again. In this case, if your limit was 1 BTC and you bought 1 BTC at midnight, at noon you would be able to buy another 0.5 BTC, or after 48 hours you would be able to buy a further 1 BTC. | |||
Latest revision as of 17:27, 1 November 2024
Verification based limits
Regulations mean that for purchases of any size, all users need to have gone through the full ID validation process. There's a list of the types of documents we can accept for that on our accepted forms of ID page
IP based limits
You should connect from a computer based in the country you are buying Bitcoins from. For example, if you are trying to buy Bitcoins using a UK bank account, please connect from the UK. If you are abroad or otherwise need an exception, please verify your ID and then contact us at support@bittylicious.com.
If your IP address and country you're purchasing from don't match, your limits will be reduced. If you attempt to buy from an anonymous proxy, your purchase attempt will be declined.
Your limits will also be significantly lower if you are using a mobile data connection.
Account age limit
Long term users are generally trusted more, so your overall purchasing limits increase with account age. As the age of your account increases since your first significant purchase, so will your limits.
Ongoing limits
Ongoing limits apply, and are subject to change at short notice. For example in some situations, once twelve hours have passed since your last purchase, half of that amount might be purchased again. Once 48 hours have passed, the entire amount might be purchased again. In this case, if your limit was 1 BTC and you bought 1 BTC at midnight, at noon you would be able to buy another 0.5 BTC, or after 48 hours you would be able to buy a further 1 BTC.