Wallet transaction fees: buys, sells, and exchanges

Modified on Mon, 6 Jul at 11:27 AM

At Bit2Me, we believe that transparency and clarity in communicating our fees can help you make better decisions and achieve optimal trading.

Below, we explain the limits, fees, and key concepts you need to know when trading, along with tips to maximize your operations and reduce the fees you pay when using different buy, sell, and exchange options:

Operational fee
Operational and management costs on purchases
Limits per transaction type
Quotation price and spread
Price update

Operational fee

This is the fee Bit2Me charges for its exchange service, meaning for the conversion of any currency or fiat. This includes crypto-to-crypto, euro-to-crypto, or crypto-to-euro operations. The fee for this conversion will be applied in the payment currency and is independent of any additional operational or management costs.

Operation	Operational fee
Purchases Instant, recurring, buy orders, and collections.	0.95%
Sales Instant and sell orders.	0.95%
Exchange Cryptocurrency exchange (Swap).	0.95%

How to reduce the operational fee?

Thanks to Space Center, you can get discounts on operational fees of up to 100% at Level 7, meaning you wouldn't pay any fee.

Below, you can see a table with operational fee discounts based on your Space Center Level. Check out the Space Center article for more details.

Level	0	1	2	3	4	5	6	7
% Fee	0.95%	0.94%	0.9%	0.81%	0.67%	0.48%	0.24%	0%

Operational and management costs on purchases

This is a fee Bit2Me applies for operational and management costs when processing a euro payment. When making a direct purchase with euros or a traditional currency, a fee of 1.99% may be applied.

The exact fee that will be applied to you will always be detailed in the last window before confirming the transaction.

How to reduce operational and management costs?

This fee can be reduced with the discounts corresponding to your Space Center level. If your purchase has an operational and management cost fee applied, the discounts equivalent to your level will be applied to this fee:

Level	0	1	2	3	4	5	6	7
Discount	-%	1%	5%	15%	30%	50%	75%	100%

Limits per transaction type

Operation	Method	Minimum amount
Purchase	Card, Apple Pay or Google Pay, Euro Wallet, PIX (Brazil), CVU (Argentina).	€1 or equivalent.
Sale	Wallet	€0.10
Exchange	Wallet	€0.10 equivalent

Here are some tips to optimize your operations by reducing fees:

Deposit via bank transfer: SEPA bank transfers are completely free and unlimited. Once the transfer is completed and the balance is credited to your Euro wallet, you can make purchases using your available euro balance in your account. How to deposit Euros via bank transfer?
Level up in Space Center: The higher your Space Center Level, the fewer fees you will pay on your operations, reaching up to a 100% discount at Level 7. What is Space Center?
Trade on Pro: Use the advanced Bit2Me Pro trading platform and enjoy reduced fees by using the different types of orders available. Pro fees depend on your trading volume over the last 30 days, your Space Center Level, and whether you are a taker or maker. PRO fees range from 0% to 0.60% depending on these variables. Bit2Me Pro: What is it? Is this service for me?, Bit2Me Pro fee structure

Quotation price and spread

The quotation price includes a spread, which is the difference between the highest buy price and the lowest sell price of an asset within an exchange. This helps us guarantee an execution price for 10 seconds while the operation is being processed.

This is necessary due to the high volatility of the cryptocurrency market.

The maximum spread is 1% and depends on factors such as:

The currency you are trading.
The transaction volume.
Market volatility at the time of the transaction.

Check out the Bit2Me Academy article on what spread is to learn more. 

Price update

When you get a currency quote, the price updates every 10 seconds.

After this time, the price may have gone up or down. Thanks to the spread, we guarantee a buy or sell price for those 10 seconds.