MoonPay employs a tiered system for transaction limits, which vary based on the level of user verification. Daily maximum limits can range from $50 for basic verification up to $50,000 for bank transfers with full verification.
Understanding MoonPay Limits
MoonPay implements different verification levels to ensure security and compliance, with each level granting progressively higher transaction limits. These levels require specific documentation and checks, allowing users to increase their spending capacity as they complete more comprehensive verification steps.
MoonPay Daily Transaction Limits by Verification Level
The daily maximum limits for MoonPay transactions are structured across three distinct verification levels:
| Level | Requirements | Daily Maximum Limit |
|---|---|---|
| 1 | Email, Phone Number, Personal Information | $50 |
| 2 | Identity Document, 3D Liveness Check or Selfie, Card Verification (by request) | $5,000 |
| 3 | Proof of Address, Source of funds (by request) | $10,000 (card payments), $50,000 (bank transfers) |
Details of Each Verification Level
Each level builds upon the previous one, requiring more comprehensive information to unlock higher transaction capacities:
-
Level 1 Verification:
- Requirements: To reach this basic level, users need to provide their email address, phone number, and some personal information.
- Daily Limit: With Level 1 verification, the daily maximum limit for transactions is $50. This is suitable for small, initial purchases.
-
Level 2 Verification:
- Requirements: This level requires more robust identification, including an identity document (such as a passport or driver's license), a 3D liveness check or a selfie, and potentially card verification upon request.
- Daily Limit: Upon successful Level 2 verification, the daily transaction limit increases significantly to $5,000. This level is often sufficient for most regular cryptocurrency purchases.
-
Level 3 Verification:
- Requirements: The highest verification level demands additional documentation such as proof of address and, upon request, information regarding the source of funds.
- Daily Limit: Level 3 offers the highest limits, allowing for daily transactions of up to $10,000 for card payments and an extended limit of $50,000 for bank transfers. This level is designed for users making larger volume transactions.
