What are Vimba’s fees and limits?
Vimba claims that because it buys Bitcoin in bulk, its fees are lower than usual for the customer – around 1% of the amount purchased.
The standard transaction fee on top of this is 3.5%.
So, if you deposit £100 per week, you’d pay around £4.50 per week in fees.
Vimba’s website says that other fees may include an international money transfer fee, a Bitcoin exchange fee, a Bitcoin trading fee and a Bitcoin network fee among others, but there are no details on the exact charges, so you should make sure you understand exactly how much you’ll be charged before you proceed with any transaction.
|Maximum across four weeks||£2,000|
You can only deposit up to £2,000 of Bitcoin, Ether or XEM every four weeks, and you can make deposits weekly, fortnightly or monthly.