As part of anti-money laundering regulations, we must have evidence to increase account limits beyond default amounts.
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This article will cover what we accept as evidence for raising limits. A guide on how to make a limit increase request can be found here.
Increase buy limit
To increase your buy limit, you will need to provide evidence of source of funds. This is evidence showing where you are sourcing the funds for the requested limit.
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This can be proven by providing evidence of
Income/salary
Inheritance
Proof of sale (property or business)
Sale of shares
Gift
Savings
Before you make a limit increase request, ensure you have this evidence ready to upload. Image or PDF files are preferred.
Increase sell limit
You can sell any cryptocurrency bought through CoinHQ regardless of value + $100,000 of crypto sourced outside of CoinHQ before you will need to increase your sell limit. More info
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To increase your sell limit, you will need to provide evidence of sourced crypto. This is evidence of where or how you obtained the cryptocurrency you'd like to sell.
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This can be proven by providing evidence of
Exchange orders
Purchase history
Airdrop received (blockchain transactions)