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How can I deposit funds to trade on Coinfloor Exchange?

Once you have submitted your ID and proof of address, your details have been verified and you have activated your Coinfloor account, you can fund your Coinfloor account with XBT, GBP, EUR, PLN and USD.

To deposit funds simply log in to your Coinfloor account and select the "Deposit" option on the top navigation bar. Choose the asset you want to deposit and follow instructions.

Bitcoin (XBT)

You will find your unique bitcoin deposit address in the "Deposit" tab. You can transfer your bitcoin to that address using your preferred wallet or client. Your bitcoin deposit address does not change without notice. If we do plan to change the address you will be notified by Coinfloor Support in advance. All bitcoin deposits are immediately stored within Coinfloor’s vaults and protected by a smart contract.

Bitcoin deposits are processed 24/7. The minimum bitcoin deposit amount at Coinfloor is 0.005 XBT and a nominal fee of 0.0005 XBT is charged by Coinfloor to cover the miners' fees.
Your deposit will be automatically credited to your Coinfloor account within approximately 1 hour due to the 3 confirmations from the Bitcoin network required by Coinfloor to ensure transaction non-repudiability. If you do not see your deposit appear in your Coinfloor account within 24 hours, please contact Coinfloor Support.

Pound Sterling, Euro, Polish Zloty, US Dollar

You will find Coinfloor’s client account details and your unique reference code in the "Deposit" tab.

It is extremely important to use your reference code and enter it correctly so that we can credit your deposit to your trading account. To avoid delays and errors, please enter the code by itself in the "message to beneficiary" field and do not add any additional words or numbers.
The reference code is just under the BIC/SWIFT code and in purple. It's 3 characters long (numbers and uppercase letters, e.g. 9AF).

To fund your account you need to make an international transfer to the displayed bank account. Coinfloor holds all client funds in GBP, EUR, PLN and USD in one of Europe's fastest growing and most innovative banks, LHV Bank in Estonia. We've found this to be the best option for the security of the funds. UK banks are taking a conservative approach to bitcoin and many EU banks are able to be more innovative and accept bitcoin companies.

Coinfloor’s LHV account supports multiple currencies and provides no currency conversion upon arrival of funds. If you send Pounds, you will fund your GBP balance, if you use SEPA transfer, you will fund your EUR balance, etc. Please make sure to specify the currency to be sent when ordering the transfer with your bank.

IMPORTANT: Our active deposit details and processes may change from time to time so it is essential that you review all the deposit information before making deposits to ensure that your deposits are processed efficiently. Once your deposit is processed, you will receive an email notifying you of your balance update.

To fund your account with Pound Sterling, you need to make an international wire transfer to Coinfloor's client account and make sure to specify the transfer currency as GBP. If you use a SEPA transfer from a GBP denominated account, Coinfloor will receive EUR, so please make sure to use SWIFT.
To fund your account with Euro, you can make a SEPA transfer to Coinfloor's client account.
To fund your account with Polish Zloty you need to make an international wire transfer to Coinfloor's client account specifying the currency to be sent as PLN.
To fund your account with US Dollars you need to make an international wire transfer to Coinfloor's client account specifying the currency to be sent as USD.

Third party deposits are prohibited and will not be processed. That includes all money transfer services, e.g. TransferWise or Worldpay. We only accept transfers from a bank account showing the same details as provided in the ID and address verification. If you make a deposit from a joint account we may ask you to present a statement showing the names of both parties. If you want to deposit from a business bank account, please upgrade your Coinfloor account to Corporate.
Third party deposits that are not credited to a Corporate account or proven to be coming from a joint account, will be returned within 20 business days and an administration fee (20 GBP/25 EUR/50 PLN/30 USD) will be levied.

How long does it take for fiat deposits to clear?

We process deposits multiple times during business hours. International wire transfers can take from 0 to 5 business days to arrive. Using a Priority or Express transfer is the fastest deposit method and can clear within 3 hours. SEPA transfers usually arrive on the same or next business day. Please remember that banking cut-off times apply.

What are the minimum fiat deposit amounts and fees*?

Currency Flat deposit fee Minimum deposit amount
Pound Sterling (GBP) 5.00 GBP 1000.00 GBP
Euro (EUR) 1.50 EUR 1000.00 EUR
Polish Zloty (PLN) 0.00 PLN 1000.00 PLN
US Dollar (USD) 10.00 USD 1000.00 USD

 

Coinfloor fee 30 day trailing deposit and withdrawal volume
GBP PLN EUR USD
0.38% < 10,000 < 50,000 < 12,000 < 12,000
0.37% 10,000 - 100,000 50,000 - 500,000 12,000 - 120,000 12,000 - 125,000
0.36% 100,000 - 500,000 500,000 - 2,500,000 120,000 - 600,000 125,000 - 650,000
0.35% 500,000 - 750,000 2,500,000 - 3,700,000 600,000 - 900,000 650,000 - 1,000,000
0.34% > 750,000 > 3,700,000 > 900,000 > 1,000,000

*The flat fees are used to cover charges levied by our bank for accepting and sending international transfers.

Deposits below the minimum amount will be returned within 20 business days and an administration fee (20 GBP/25 EUR/50 PLN/30 USD) will be levied.

Coinfloor does not impose maximum limits on any operations. However, if you go over certain thresholds we will ask you additional questions regarding the nature of your relationship with Coinfloor.

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