For Investors
We created this section because more and more people are contacting us to find out whether it is possible, and how, to buy (and respectively sell) crypto assets for amounts exceeding the limits available on the website.
As you know, the current maximum limit for a single order is EUR 15,338.76.
With this limitation, investors currently cannot buy (or sell) even one whole Bitcoin in a single order, so the question of how to proceed if you want to move larger amounts of wealth into or out of crypto assets is entirely valid. Read on to learn about the key points:
Is it possible to buy or sell a larger amount?
Altcoins.bg is a crypto-asset service provider licensed by the Bulgarian Financial Supervision Commission under the European MiCA Regulation. This allows us to provide the licensed services available through the platform, including the exchange of crypto assets for funds, subject to the applicable regulatory requirements and anti-money laundering rules.
How exactly does it work?
In this article, we will provide the basic information. Anyone who contacts us afterwards will receive personalised guidance on the appropriate method based on their individual profile, as well as professional assistance from our team throughout every step of the process of buying or selling the relevant crypto asset.
IMPORTANTPlease keep in mind that we are not financial advisers and we will not advise you on when or what to invest in (or sell).
We will assist you throughout the process of becoming familiar with crypto assets, setting up a wallet, securing it, navigating the process of purchasing a large amount of crypto assets as smoothly as possible, as well as helping you handle potential banking-related issues.
When selling, we will also assist you in identifying the most appropriate method for selling your crypto assets.
What is the right way to proceed?
Many of our clients who have not consulted us beforehand proceed in the following way:
Once they decide that it is time to buy (or sell) a particular crypto asset, they place an order for the maximum amount permitted by the platform. Immediately afterwards, they place a second (third, and so on) order for the maximum limit.
Yes, this is one possible way to proceed, but it is not always the most optimal approach. Even if you decide to proceed this way, contact us first so that we can explain some important details and considerations regarding how the funds can be received into your bank accounts without unnecessary issues.
Another important point to keep in mind is that once your turnover reaches EUR 15,338.76, under the Bulgarian Measures Against Money Laundering Act, you are required to complete a source-of-funds declaration. In certain cases, we may need to request this information earlier, depending on the specific circumstances and the applicable regulatory requirements.
How exactly are larger transactions carried out?
As mentioned above, the approach may and will vary depending on the profile of each individual investor. We also cannot disclose our exact working model, as it is part of our experience, our expertise and one of the reasons to choose us.
When the time comes to make a larger transaction, create an account on the website and complete the verification process - (Full instructions are available in our Getting Started section). Then contact us and we will take care of the rest.
We recommend returning to this article from time to time, as we will continue to add information about new services that are planned for the Bulgarian market.
