Withdrawal options, limits & fees

- Limits

Please find information about maximum withdrawal limits here and minimum withdrawal limits here.

- Fees

Please find information about withdrawal fees here.

- Additional information

Below, you can find additional information on the ICONOMI platform’s execution times for each supported asset:

Euro (EUR)

• Time to fund: 1-3 bank business days

Bitcoin (BTC)

• Number of transaction confirmations: 6 confirmations required
• Time to fund: ~ 60 min

Ether (ETH)

• Number of transaction confirmations: 12 confirmations required
• Time to fund: ~ 3 min

USD Coin (USDC)

• Number of transaction confirmations: 12 confirmations required
• Time to fund: ~ 3 min

 Tether (USDT)

• Number of transaction confirmations: 12 confirmations required
• Time to fund: ~ 3 min

TerraUSD (UST) - coming soon

• Number of transaction confirmations: 30 confirmations required
• Time to fund: ~ 3 min

Note: based on specific criteria (for example in the case of larger withdrawals) some cryptocurrencies withdraw transactions from ICONOMI platform could be processed via smart contract flow which includes multi-level / multi-signature structure (manual processing) and specially designed processes that we follow. In case of larger withdrawals please make sure the receiving address supports transactions sent via a smart contract.

Also, ICONOMI reserves the right to randomly review transactions - in those cases the withdrawal process may take slightly longer. Please do not be worried about that, this is an industry-standard approach that we perform enabling us to provide better services and fulfill our regulatory requirements. Please find additional information on Anti Money Laundering (AML) policy and Terms, Conditions & Policies here.

WARNING: Do NOT send funds (ETH or BTC) directly to an ICO address from the ICONOMI platform. Either you will not receive ICO tokens in return, or your transaction will fail. For participating in ICOs, use only your private wallet (like MyEtherWallet).

IMPORTANT

When transferring digital assets:

• Enter a valid address (copy/paste, don’t type out the address)
• Make sure the receiving address supports the digital asset you are attempting to transfer
• Before sending larger amounts, always send a small amount first as a test. Only when you are convinced that the deposit or withdrawal you initiated follows the correct process, should you increase the transacted amount.

You are fully responsible for any mistakes, errors or defects which may arise in the course of a transaction and lead to partial or complete loss of your funds. ICONOMI shall not be held liable for any damages resulting from any actions previously mentioned.

Please note: All completed transactions on the blockchain are final and cannot be changed or reversed. Digital assets assigned to the wrong receiving address will be lost forever! Only the person who has access to the receiving address has access to the digital assets located at that address.