Fraud prevention measures on withdrawals / Some of the funds cannot be withdrawn immediately after deposit

Important

ICONOMI's fraud protection 

For security reasons, some of the funds cannot be withdrawn immediately after deposit. This is temporary and is due to one of the following reasons:

• Funds deposited via credit or debit card cannot be withdrawn for 14 days after the deposit
• Funds deposited via bank transfer might not be available for crypto withdrawal for 7 days after the deposit. Note: you can withdraw the deposited amount to your bank account with no limitations.
• Funds received through gift cards cannot be withdrawn for 90 days  after redeeming a gift card

The withdrawal locks only apply to the specific amount of funds deposited in the ways explained above. All your other funds are not affected.

When transferring assets (withdrawing from ICONOMI)

• Before sending assets from your ICONOMI account (fraud prevention measures on withdrawals), always check the validity and trustworthiness of the service/wallet/address you are sending assets to. Check for service reviews, possible scams, fraud reports, etc. (like boiler room frauds, fraudulent crypto projects, fraudulent web pages, account takeovers, etc.). Also, check if the service falls under any regulatory agency and avoid it if unregulated.

General notes on transactions

ICONOMI reserves the right to randomly review transactions - in those cases, the deposit process may take slightly longer. Please do not be worried; 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 our Anti Money Laundering (AML) policy and our Terms, Conditions & Policies.
Also, in the case of cryptocurrency transactions, processing might take longer due to the Travel Rule that came into effect on September 1st, 2023. Please check this blog post “Implementation of the Travel Rule” for additional information.