Dear Quidaxians, there is a new limit for BTC deposits.
Please note that as of February 1st and going forward;
The minimum deposit will be 0.0001BTC on the Bitcoin network.
This means that you will now have to deposit the minimum worth of BTC whenever you want to make a BTC deposit using Quidax.
Any amount less than the minimum volume will not be processed, and your funds might get stuck in transit ⚠️.
So, if you’re looking to deposit BTC, you want to be very careful to make sure it’s not less than the 0.0001 BTC minimum on the Bitcoin network.
Why Is This Happening?
We are reducing the minimum amount to standardize customer deposits to industry norms and improve settlements. Network congestion has improved, and we are considerate of our customers who may not afford to send 0.0005 Bitcoin.
Can I Accumulate Multiple Transactions to Meet the Minimum Requirement?
No, you can't send multiple deposits and accumulate them. The minimum deposit limit applies per transaction. Any amount less than that per transaction will result in the loss of funds
How much dollars is 0.0001BTC?
BTC price is volatile and so we might not be able to say. Always just ensure whatever amount you are sending per time is equal to or more than 0.0001 BTC when you're sending on the BTC network.
PS: The BTC volume must remain 0.0001 BTC even after deducting the fee from the sending exchange. Please factor in the sending fee before initiating the transfer. The BTC must reach the blockchain as 0.0001 BTC to be credited to your Quidax wallet
You can now generate a new BTC wallet address on your app with a receiving limit of 0.0001 BTC. This means that the new BTC wallet can accept deposits of 0.0001 BTC and above. The receiving limit for your old wallet address remains at 0.00125 BTC. We strongly recommend using the new BTC wallet address for all future transactions.
Please be aware that any BTC deposit below 0.0001 BTC in your new BTC wallet and any BTC deposit below 0.00125 BTC in your old wallet will result in loss of funds. Always ensure to account for the fees charged by the sending exchange to ensure that the deposited amount meets the required limit and to avoid any loss of funds.