How much is the service fee?

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 cryptocurrency from a third-party wallet (i.e. crypto sent to you from another Cryptocurrency Wallet Service).

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.

Crypto Buy/Sell Transactions Quickbit charges a spread of 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 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 or equal to €10, the fixed fee is €0.5
  • If the total transaction amount is more than €10 but less than or equal to €25, the fixed fee is €0.99
  • If the total transaction amount is more than €25 but less than or equal to €50, the fixed fee is €1.99
  • If the total transaction amount is more than €50 but less than or equal to €100, the fixed fee is €2.49
  • If the total transaction amount is more than €100 but less than or equal to €200, the fixed fee is €2.99

For example, if you are in Sweden and wish to purchase €75 of Bitcoin and pay with your EUR Wallet*, the fixed fee would be calculated as €2.49, whilst the variable percentage fee would be 1.49% or €1.12. Since the fixed fee is greater than the variable percentage fee, you would pay €2.49.

If you wanted to pay with your debit card, the variable percentage fee would be 3.49% or €2.62. We would then charge a fee of 3.49% since the variable percentage is higher than the fixed fee.

If you wanted to sell €75 of Bitcoin and receive fiat to your EUR Wallet, the same calculation would apply. The fixed fee would be calculated as €2.49, whilst the variable percentage fee would be 1.49% or €1.12. Since the fixed fee is greater than the variable percentage fee, you would pay €2.49.

  • EUR Wallets will be launched in Sweden next."

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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