What is SOFORT?
SOFORT is an online direct payment method and works on the basis of online banking. SOFORT* payments to non German bank accounts can take up to 3 work days. The transfer time depends on the bank used.
Are you tier 1 or tier 2 LiteBit verified?
SOFORT payments to non German bank accounts can take up to 3 work days.
Are you tier 3 LiteBit verified?
When you have completed tier 3 verification instant SOFORT is activated.
Which means that orders up to a total of 1000 Euro is delivered instantly.
The bank transaction times still takes up to 3 workdays to arrive to LiteBit, but this LiteBit service allows you to get up to a total 1000 euro of new orders of cryptocurrency directly.
After the payments of previous SOFORT orders are received, the limit for instant SOFORT is reset and ready for new orders.
Example:
| Order 1 | 500 euro Monday | instant SOFORT | 500 euro left out of 1000 euro |
| Order 2 | 400 euro Tuesday | instant SOFORT | 100 euro left out of 1000 euro |
| Order 3 | 200 euro Wednesday | No instant SOFORT . Regular up to 3 workdays applied for this order. |
over limit 1100/1000! |
| Received order 1 | Wednesday on LiteBit bank account | 600 euro left out of 1000 euro |
*Also applies for GiroPay
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