On Raenest, your funding and transfer limits are determined by your KYC (Know Your Customer) verification level. Your KYC level reflects how much information you've provided to verify your identity, and it determines the maximum amount you can receive into and transfer out of your account each day.
These limits are split into two categories: daily inflow, which is the maximum amount you can receive into your account, and daily outflow, which is the maximum amount you can transfer or withdraw in a day.
What do inflow and outflow mean?
Funding (Daily Inflow): The maximum amount of money you can receive into your Raenest account in a day. This includes money received through bank transfers, card funding, invoices, and other supported funding methods.
Transfer (Daily Outflow): The maximum amount of money you can send or withdraw from your Raenest account in a day.
Why do we have limits?
These limits help us:
Keep your account secure
Comply with financial regulations
Ensure smooth and transparent transactions
As you move up KYC levels by completing more verification steps, your transaction limits increase.
Funding and transfer limits by KYC level
KYC Level | Inflow Limit | Daily Outflow Limit |
0 | 0 | 0 |
1 | $10,000 or equivalent | $1,600 or equivalent |
2 | $10,000 or equivalent | $2,800 or equivalent |
3 | $10,000 or equivalent | $4,000 or equivalent |
4 | $10,000 or equivalent | $8,000 or equivalent |
5 | $20,000 or equivalent | $16,000 or equivalent |
6 | $50,000 or equivalent | $40,000 or equivalent |
To learn how to fund your account and the payment methods available for each currency, see How to Add Money to Your Account.