Withdrawal Limits

Important Update:

Effective at 12 am PT on September 3, 2024, Circle in collaboration with both Dapper Labs and the Flow Foundation will discontinue support for USDC on Flow (Cadence). More details can be found in this blog post.

 

All withdrawals from Dapper are subject to limits to protect the community and comply with financial regulations. Only one (1) active withdrawal request can be made at a time. 

You can choose to withdraw funds from your Dapper Wallet using the following methods, once you have completed the identity check:

USDC on Flow or Ethereum: You can withdraw a minimum of $10, and up to a maximum of $1,000,000 USD on Flow and $9,999 USD on Ethereum, per day, by converting your Dapper Balance to USDC. There is a $10 fee for each USDC on Ethereum withdrawal (which varies depending on Ethereum network fees) and a $4 fee for each USDC on Flow withdrawal. Please confirm that your wallet provider accepts the correct version of USDC and that you've added the correct destination wallet address before submitting your withdrawal request. For more details check out our articles: USDC on Flow Withdrawals and USDC on Ethereum Withdrawals

Wire Transfers: You can withdraw a minimum of $20.01 and up to a maximum of $1,000,000 USD, per day, via wire transfer to a bank account that accepts wires. There is a $20 fee per withdrawal. Please note that many banks and credit unions charge their own processing fee to receive a wire transfer (this cannot be waived). For more details check out our article: Wire Transfer Withdrawals

Bank Account (ACH): You can withdraw a minimum of $8.01, and up to a maximum of $25,000 USD, per day, by connecting your US Bank Account (excluding those who reside or bank in New York, Texas, North Carolina, Connecticut, Alaska, and Arkansas). There is a $8 fee per withdrawal. For more details check out our article: Connecting Your Bank Account to Dapper

Over time, Dapper withdrawal limits can change based on user activity. For example, the initial limits placed on withdrawals are set at a lower amount but can incrementally increase based on good financial behaviour, just as a credit card limit increases.

How to Request a Dapper Account Limit Increase

1. Ensure you have completed the Identity Check process for your account

2. Go to your Dapper Account and access the Payment Methods tab on the left-hand side

3. Click on the Request an Increase button under the Account Limits section

4. Fill in the required fields and click Submit Request.

Account_Limit_Increase_Request-2.png

All requests are manually reviewed by our Compliance team. Please allow 2 weeks for a response after submitting.