What is a pre-approved deposit?

If the customer requests so, we can pre-approve deposits before they reach our bank account. A pre-approved deposit allows the customer to buy cryptocurrencies instantly. The pre-approbation requires that we can ensure the legitimacy of the customer and that he/she provides adequate evidence of the sent payment (i.e., receipt).

The pre-approved deposit does, however, set a limitation for cryptocurrency withdrawals from the Coinmotion account. This limitation is removed immediately when the deposit reaches our bank account. The pre-approbation of the deposits can be requested by sending a copy of the receipt to info@coinmotion.com. We charge 5 € service fee for processing pre-approved deposits, excluding the pre-approved deposits inherent to Klarna.