This depends on which provider you use. Click on the name of a provider to see the details
Transak is dedicated to being transparent about our pricing and fees. There are four variables that are used to calculate the total amount of cryptocurrency received for the chosen amount of fiat. Important to note that you will be able to see the detailed breakdown of the costs before proceeding with buying crypto.
Transak fee:
- A percentage charge is applied on the transaction amount on behalf of Transak. This covers the fiat processing costs so is set depending on the chosen payment method: credit/debit card or bank transfer.
- Transak fees are set out here: https://www.notion.so/transak/Currency-Coverage-and-Fees-for-Buying-Crypto-976ee96fc0764628ba990b550b1310d3.
NGRAVE fee:
- A percentage charge is applied on the transaction amount on behalf of NGRAVE of 1%.
Network/Exchange fee:
- These are the blockchain transaction fees or gas that is paid to make the on-chain transfer of the crypto to the user’s wallet address.
- These fees vary by blockchain network and cryptocurrency, as well as changing over time depending on network demand. This fee is set by the market, not by us.
When using Link by Stripe to buy crypto several transaction fees apply:
Processing fees:
- These are payment processing fees charged based on factors such as your order value and the payment method you've used.
- These will normally amount to 3-5% of your order value and will be shown in more detail before you make a purchase.
NGRAVE Fee:
- A 1% charge is applied on the transaction amount on behalf of NGRAVE.
Network fees:
- These fees are determined by the blockchain network and may vary depending on network conditions.
BTC Direct fees to buy crypto as structured as follows:
Payment Service Processing fee:
- This fee is the one charged by the payment service used:
- iDeal (0%)
- Bank transfer / SEPA (0%)
- Creditcard (1,5%)
- Sofort (2,5%)
- Bancontact (1,1%)
- Cartes Bancaires (1,5%)
BTC Direct fee:
- BTC Direct applies a 1,5% fee on onramp services.
NGRAVE Fee:
- A 1% charge is applied on the transaction amount on behalf of NGRAVE.
Network fee:
- The network fee will depend on the crypto currency chosen and the market at the time of the purchase, BTC Direct will give you an estimate before you agree to the transaction.
All applicable fees, including network fees, will be displayed before you approve the transaction.
Note that the market rate and network/exchange fee are estimated. The final cryptocurrency amount that you receive is calculated when the fiat payment is settled.
Will I be charged a cash advance fee for my crypto purchase?
Some credit card issuers treat crypto purchases as cash advances. Because of this, you may be charged a cash advance fee on your crypto transaction.
While the exact amount varies, these fees are typically around 3%, sometimes with a 10 USD/EUR minimum.
To avoid paying this fee, we recommend using your bank account instead. If you choose to pay with a credit card, you should check with your credit card issuer before completing the transaction to see if a cash advance fee will be charged.
Service availability is contingent upon licensing requirements specific to our onramp/fiat-to-crypto service providers Link by Stripe, BTC Direct and Transak in each jurisdiction. Please refer to the website of the third parties for more information.
Attention: Virtual currencies, real risks. The only guarantee in crypto is risk. The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results. Learn more