__Crypto Buy/Sell Transactions__

Quickbit charges a Quickbit Fee for each buy/sell transaction, as set forth below: 

- Zero-fee on buy/sell transactions totalling €500 in volume. Each buy/sell order contributes to your total volume, you can either make several orders or a single order of €500 without fees.
- Once exceeding a total volume of €500 we will apply a variable fee of 1,49% for each transaction. Maximum fee charged per transaction is €45 

Quickbit also charges a spread of 0.5% for cryptocurrency purchases and sales. However, the actual spread may be higher or lower due to market fluctuations in the price of cryptocurrency between the time we quote a price and the time when the order executes.

When payment is made in another fiat currency then euro, your cryptocurrency transaction will be subject to a foreign exchange transaction where local banking fees might apply.

__Crypto Send/Receive Transactions__

__Send internal__

Quickbit does not charge a Quickbit Fee for sending cryptocurrency from one Quickbit wallet to another Quickbit wallet (i.e. transfers between Quickbit users). 

__Receive__

Quickbit does not charge a Quickbit Fee for receiving most of cryptocurrencies from a third party wallet  (i.e. crypto sent to you from another Cryptocurrency Wallet Service). However, we do have a deposit fee for ETH, you can [read more here](https://quickbit.com/int/en-us/faq/fees/what-is-the-deposit-fee/).

__Send external__

Quickbit does not charge a Quickbit Fee for sending cryptocurrency to a third party wallet, however you will pay a Network Transaction Fee. Quickbit incurs and pays the Network Transaction Fee, such as miner’s fees, for any transaction sent on the blockchain from a Quickbit wallet to a third party wallet. For these transactions Quickbit will charge you the network fee based on our estimate of the network transaction fee that we anticipate paying for each transaction. In certain circumstances, the fee that Quickbit pays may differ from that estimate. All fees we charge you will be disclosed at the time of your transaction.

__Crypto Swap__

With a crypto swap, you can accomplish in a single transaction what would otherwise require two separate transactions. For example, you can directly convert Bitcoin to Litecoin.

Quickbit charges a spread margin of up to two percent (2.0%) for a cryptocurrency swap. The actual spread margin charged varies due to market fluctuations in the price of cryptocurrency between the time we quote a price and the time when the order executes. 

Quickbit does not charge a separate Quickbit Fee for cryptocurrency swaps.

How much is the service fee?

A blockchain fee, also known as 'network fee', is a fee you pay when you send crypto on the blockchain, from your address to another. The fee is the payment for the mining, i.e. the process through which cryptocurrency transactions are gathered, verified, and recorded into a digital ledger known as the blockchain.

The actual fee you pay will vary according to the cryptocurrency you use. For example, a Bitcoin transaction will have a different fee in comparison to transactions placed on the Bitcoin Cash or Litecoin network.

Sending crypto to another Quickbit user is free.

What is a blockchain fee?

__What determines the actual fee for receiving or sending Ethereum?__
When you do an on-chain transaction with Ethereum your transaction fee will be determined on the amount of transactions that are currently on the blockchain. The fee on Ethereum is measured in gas which is the unit that measures the amount of computational effort required to execute specific operations (transactions) on the Ethereum network. When the Ethereum network has a lot of traffic the gas-fees are higher, due to more computational effort required.

__What will the deposit fee be for receiving ethereum from an external wallet?__

When you are sending from an external wallet and receiving in your Quickbit wallet, you will have to pay an additional network fee. Quickbit does not earn any money on this fee.
The reason for this is due to the technical structure of Ethereum. Your Ethereum can only be received or transacted from one address to another, unlike other cryptocurrencies where you can transact from one address to several different addresses at the same time. In order to be able to allocate the correct amount of Ethereum to the correct address, we must create an individual Ethereum address for each user. However, Quickbit has to have a main Ethereum address where all the Ethereum transactions must go through in order for Quickbit to be able to control that everything is working correctly. Hence the two network fees, first to your individual address and then to Quickbit’s main address.
The upside for you as a user is that there will be a fixed fee which is lower when buying and exchanging Ethereum in the Quickbit app.

What is the ETH deposit fee?

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