Dukascopy Bank offers specialized trading and investment accounts that support cryptocurrency funding and withdrawals. This guide details the accepted cryptocurrencies, processes, and key conditions for seamless transactions.
Accepted Cryptocurrencies
Dukascopy supports deposits/withdrawals in:
- Bitcoin (BTC) via Bitcoin Mainnet
- Ether (ETH) via Ethereum Mainnet
- Tether (USDT) exclusively in ERC20 format
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Crypto-Fundable Trading Accounts: Key Conditions
Funding & Withdrawal Rules
- Single-Asset Restriction: Accounts operate in USD and process transactions exclusively in one pre-selected cryptocurrency.
Blockchain Address Validation:
- Addresses must be pre-declared via message signing.
- Expired addresses require renewal for transaction access.
Conversion Protocol:
- All deposits are automatically converted to USD at Dukascopy's exchange rates.
- Withdrawals convert USD to crypto at current rates before transfer.
Operational Limits:
- Maximum cumulative deposit: $500,000 (adjustable at bank's discretion).
- Transactions processed on Geneva business days only.
Transaction Security
- Unique Deposit Addresses: Generated per transaction; reuse triggers fund scrutiny.
Time Delays:
- Deposits: Subject to 6-block confirmations (BTC) or 12-blocks (ETH/USDT).
- Withdrawals: Rate fluctuations may affect final crypto amounts received.
MCA Investment Accounts: Crypto Funding
Core Requirements
- Eligibility requires successful blockchain address declaration.
- Investment positions in BTC/ETH/USDT automatically convert to the account's reference currency.
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Process Flow
- Funding: Cryptos sent to unique addresses convert to fiat for investment.
- Delivery: Positions transfer exclusively to declared wallet addresses.
- Fees: Standard investment purchase fees apply.
Step-by-Step Funding Guides
Bitcoin Deposits
- Generate Address: Via Live Cabinet > Funds > BTC deposit form.
- Transfer: Send exact BTC amount to the one-time address.
Verification: Provide wallet screenshots showing:
- Transaction amount
- Sender/receiver addresses
- Blockchain TX ID
Precision: 8 decimal places
Ether/USDT Deposits
Follows BTC process with:
- 12-block confirmation depth
- 6-decimal precision (USDT)
Withdrawal Procedures
Trading Accounts
- Request: Submit USD amount via Live Cabinet.
Processing:
- Bank converts USD to crypto at current rates.
- Fixed commission per fee schedule.
- Transfer: Sent to pre-declared wallet address.
Note: Non-instantaneous with rate fluctuation risks
MCA Accounts
- Follows similar workflow with position-specific delivery.
FAQ: Crypto Transactions with Dukascopy
Q1: What happens if I send crypto incorrectly?
Funds may be quarantined if:
- Sent to expired/used addresses
- Token type mismatches
- Amount discrepancies occur
- Suspected third-party ownership
Q2: How long do deposits take?
- BTC: 6 blockchain confirmations
- ETH/USDT: 12 confirmations
- Processing times vary by network congestion.
Q3: Can I change my withdrawal crypto type?
No. Accounts are locked to one cryptocurrency selected during setup.
Q4: Are there deposit limits?
Yes. $500,000 cumulative maximum, subject to bank adjustments.
Q5: Why are screenshots required for deposits?
To verify wallet ownership and transaction legitimacy, except for pre-validated addresses.
Compliance Notes
- All transactions subject to anti-money laundering checks.
Dukascopy reserves rights to:
- Adjust limits case-by-case
- Reject suspicious transactions
- Charge quarantine fees for recovery attempts
For the latest policies, refer to Dukascopy's official crypto guidelines
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