Bank Transaction Limits (Buying)
When purchasing cryptocurrency on BuyCoins, there are spending limits imposed by your bank or debit card provider.
Limits on card and bank transactions means that you have a limited Naira amount you can buy per transaction and per day depending on your transaction limits or daily limits. These limits do not affect your ability to sell and you can still sell as much as you want as long as you are a verified user.
What's the transaction limit on Pay with Bank?
Transaction Limit (NGN)
Daily Limit (NGN)
ALAT by WEMA
First Bank of Nigeria
Guaranty Trust Bank
United Bank for Africa
NB: If you attempt to do a transaction above the transaction/daily limit of your bank, you will see a “Transfer limit exceeded” error.
Whats the transaction limit on Pay with Card?
The maximum limit on Pay with Card depends on the default limit that has been set by your bank. This depends on the type of account you operate.
If you would like to carry a card transaction above the default limit, you would need to contact your account officer at your bank and request that your limit be increased.
We advise our GTBank users to buy using other cards due to the high failure rate with GTBank cards. We haven't received any official feedback from GTBank but we have done a lot of testing and only transactions lower than N25,000 are successful.
Pay with Bank for GTBank works for amounts above N25,000 but is not reliable and has a high failure rate.
If you have further questions about bank transaction limits, please send an email to [email protected]