How much is the service fee?
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
Quickbit does not charge a Quickbit Fee for sending cryptocurrency from one Quickbit wallet to another Quickbit wallet (i.e. transfers between Quickbit users).
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.
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.
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.
Quickbit does not charge any service fee for using the Earn wallet.