Note that there are no minimums or limits for depositing money.
Here is a breakdown of our minimums and withdrawal/send limits:
If you are withdrawing or sending PHP, the minimum amount is $6.
If you are withdrawing or sending USDT, the minimum amount is $16.
If you are withdrawing or sending USDC in any chain, the minimum amount is $1.
Monthly withdrawal or sending limits are default $5000 on a rolling monthly basis.
Raising Monthly Limits
We understand that for some users, the amount you receive as compensation is higher than this limit.
To raise your limits, we need more information about your proof and source of funds that are coming in as deposits into Parallax from your clients or employers.
You can submit them directly to email@example.com and we'll respond as soon as we can.
Documents should show relevant dates
Documents should show the total dollar amounts or expected amounts. This will help us determine the right limits to set for you on a monthly basis
Here are some examples of proof of documents:
Paychecks from your employer
Invoice statements from your client
Contract showing terms of engagement from your client or employer
Offer letter from your employer with expected compensation
Any other proof of income or statements that show where you are receiving your funds
Feel free to share additional information about your source of funds in the follow-up.
From there, we'll get a sense of the total from those documents and can use that as basis for your limits.