This article will cover everything you need to know about the Transfer Limits on your Coinhako account.
Transfer limits refer to the total value of all assets that you withdraw in a defined period of time— basically, the total amount that you can withdraw (in fiat) or send (in crypto).
Transfer limits are monitored on a daily and 30-day basis.
The daily transfer limits take into account the total value of assets withdrawn in the last 24 hours, while the monthly transfer limits cover the total value of assets withdrawn from 30 days ago to the current time.
After your account is verified, you can view your transfer limit via the following methods:
Click on the arrow beside ‘Singapore Dollars’, then select ‘Withdraw’. After you’ve selected a bank account, you should see your remaining withdrawal limit.
Select a token and click on the 'Send' button. You should see your remaining sending limit
Select ‘Account Information. You should see your remaining daily and month limit here.
YES, you can! Please contact us here if you wish to increase your transfer limits.
You may need to attach any one of the following Proof of Income document(s) to your ticket:-
Latest IRAS Notice of Assessment
Latest 12 months CPF contribution History
Income tax statement
Latest 3 months of salary statement
Income declaration to the government agency
Latest 3 Months Bank Accounts statement
Notice: Your Proof of Income submission MUST meet the following criteria:
Submit in full scanned image or photo, PDF file.
Your name, address, and issue date MUST be visible in the document.
Document issued must be dated within 3 months.
Document must be shown in a full-page view; images showing a part of the document will not be accepted.
Screenshots will not be accepted.
The monthly limit applies for 30 days — this limit is not reset at the beginning of each month. Instead, your monthly limit resets 30 days after each withdrawal.
E.g. Your withdrawal limit is 20,000 SGD and you withdraw 5,000 SGD on 26 May, then another 10,000 SGD on 27 May. Your remaining limit will be 5,000 SGD until 25 June, when it will reset to 10,000 SGD, and then to 20,000 SGD on 26 June.
Technically, Transfer Limits only apply for Fiat or Crypto withdrawals. However, do note the limits for Fiat Deposits:
20,000 SGD per transaction
Xfers Direct Charge
20,000 SGD per transaction, unlimited per day.
There are no other limits on deposits.
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