Limits
To meet compliance requirements, VelaFi applies different transaction and withdrawal limits based on the user’s region and verification level. This ensures that all users operate within the regulatory framework of their respective jurisdictions.
1Default Merchant Wallet Limit
After successfully creating a Merchant, VelaFi automatically provisions a crypto custody wallet for that merchant.
The wallet is activated upon creation.
The default monthly withdrawal limit is USD 15,000.
2. Individual Users
VelaFi classifies individual users into two categories — Consumers and Professionals, each with different verification requirements and transaction limits.
Consumers
Requires minimal documentation for verification.
Quick review process, with lower transaction limits.
Suitable for low-frequency or small-value payment use cases.
🇲🇽Mexico
3,000
🇧🇷Brazil
3,000
🇨🇴Colombia
3,000
🇵🇪Peru
3,000
🇦🇷Argentina
1,200
Professionals
Requires more comprehensive identity and business documentation.
Subject to enhanced compliance review.
Suitable for high-volume merchants or users requiring higher operational limits.
(Limits vary by jurisdiction and are subject to approval by the VelaFi compliance team.)
3. Business Users (After Channel Activation)
For business merchants, limits are applied per country once the corresponding fiat payment channels are activated.
🇲🇽Mexico
10,000
🇨🇴Colombia
10,000
🇦🇷Argentina
10,000
🇧🇷Brazil
10,000
🇵🇪Peru
10,000
🇺🇸United States
10,000
🇭🇰Hong Kong
50,000
4. Increasing Your Limit
If your business or operational needs exceed the default limit, you can request a limit increase by submitting additional compliance documentation (e.g., proof of source of funds, business licenses, or audited statements). Upgrade Merchant Limit or Contact Us to learn more about the limit upgrade process.
Email: [email protected]
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