We have a number of limits on our platform to both protect Mode and our customers. The majority of accounts are set up with the following default account limits:
- Buying or Selling Crypto: £20 (or equivalent) minimum transaction value (fee excluded)
- Depositing GBP: £25000 a month
- Depositing Crypto: £25000 a month
- Withdrawing (Crypto/GBP): £25000 a month (combined).
Mode can increase or decrease these limits at our own discretion or on customer request, which can be requested through our in-app support.
Fibermode (trading as Mode) are authorised and registered by the FCA as a Cryptoasset firm (FCA 928786). Bitcoin is not regulated in the UK. The value of Bitcoin can go up or down (or can drop to zero), and there can be a substantial risk that you lose money. No FSCS/FOS protection. Capital gains may be subject to CGT. 18+ UK residents only. KYC is required.