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.

Payment Methods

Our payment partner, Paystack currently provides two methods of payment: Pay with Bank and Pay with Card.

What's the transaction limit on Pay with Bank?

Bank

Transaction Limit (NGN)

Daily Limit (NGN)

ALAT by WEMA

20,000

100,000

First Bank of Nigeria

20,000

100,000

Guaranty Trust Bank

> 100,000

> 100,000

Sterling Bank

20,000

100,000

United Bank for Africa

100,000

100,000

Zenith Bank

20,000

100,000

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.

If you have further questions about bank transaction limits, please send an email to [email protected]


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