How much is the service fee?

Summer campaign until 30/9 2022

Zero fees on buy/sell orders totalling €500 in cumulative volume. Each buy/sell order contributes to your total volume, you can either make several orders or a single order of €500 without fees.

Lowered fees for cumulative volume exceeding €500 this summer. 1.49% of order value with a cap at €45 per transaction.

The campaign is running until 30 September 2022.

Send internally

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.

Send externally

Quickbit does not charge a Quickbit Fee for sending cryptocurrency to a third-party wallet, however, you will pay a Network Transaction Fee. For these transactions, Quickbit will charge you the network fee, based on our estimate of the network transaction fee which we anticipate paying for each transaction. All fees we charge you will be disclosed at the time of your transaction.

Buy Crypto from debit card and Euro account

Quickbit charges a spread about one percent (1.0%) 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. We also charge a Quickbit service fee (in addition to the spread), which is the greater of (a) a fixed fee or (b) a variable percentage fee determined by region, product feature, and payment type. The fixed fees are set forth below:

  • If the total transaction amount is less than €10, the fixed fee is €0.5
  • If the total transaction amount is equal to or more than €10 but less than €25, the fixed fee is €0.99
  • If the total transaction amount is equal to or more than €25 but less than €50, the fixed fee is €1.99
  • If the total transaction amount is equal to or more than €50 but less than €100, the fixed fee is €2.49
  • If the total transaction amount is equal to or more than €100, the fixed fee is €2.99

For example, if you are in Sweden and wish to purchase €75 of Bitcoin, the fixed fee would be calculated as €2.49, whilst the variable percentage fee would be 3.49% or €2.62. Since the variable percentage fee is greater than the fixed fee, you would pay €2.62.

Sell crypto to Euro account

Quickbit charges a spread about one percent (1.0%) 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. We also charge a Quickbit service fee (in addition to the spread), which is a variable percentage determined by the amount.

  • If the total transaction amount is less than or equal to €10, the percentage is 5%
  • If the total transaction amount is more than €10 but less than or equal to €50, the percentage is 4%
  • If the total transaction amount is more than €50 but less than or equal to €100, the percentage is 2.5%
  • If the total transaction amount is more than €100 but less than or equal to €200, the percentage is 1.5%
  • If the total transaction amount is more than €200, the percentage is 1.49%

For example, if you are in Sweden and wish to sell €115 of Bitcoin to your Euro account in the Quickbit App, the variable percentage fee would be 1.5%, so the Quickbit service fee would be calculated as €1.72.

Crypto Exchange

With a cryptocurrency exchange, 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 exchange. 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 exchanges.

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