At Bit2Me, we believe that transparency and clarity in communicating our fees can help you make better decisions and achieve optimal operations.
Below, we explain the limits, fees, and key concepts you should know when transacting, as well as tips to maximize your operations by reducing the fees you pay when using different buy, sell, and exchange options:
- Operation fee
- Operational and management costs for purchases
- Limits per operation type
- Quotation price and spread
- Price update
Operation 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 | Operation fee |
Buys Instant, recurring, buy orders, and collections. | 0.95% |
Sells Instant and sell orders. | 0.95% |
Exchange Cryptocurrency exchanges (Swap). | 0.95% |
- How to reduce the operation fee?
Thanks to Space Center, you can get discounts on operation fees of up to 100% at Level 7, meaning you wouldn't pay any fee.
Below, you can see a table with the discounts on operation fees 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 for 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 apply.
The exact fee 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 operation type
Operation | Method | Minimum amount |
Buy | Card, Apple Pay or Google Pay, Euro Wallet, PIX (Brazil), CVU (Argentina), MBWAY (Portugal). | €1 or equivalent. |
Sell | Wallet | €0.10 |
Exchange | Wallet | €0.10 equivalent |
Here are some tips to help you optimize your operations and reduce fees:
|
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. It 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 1.2% 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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article