Spot does not charge a direct fee when you send crypto from your wallet.

There are however Network fees that need to be paid in order to process the transaction.


What are Network fees?

👉 Network fees (also called miner fees) are paid to a cryptocurrency network (such as Bitcoin or Ethereum). Those fees are mandatory fees to process transactions or other crypto interactions. Those fees depend on the current state of the network.

👉 Those Network fees are never paid to Spot.

🚨 When a lot of people are sending & trading the same crypto at the same time, network fees can be very high and transactions can also take more time than usual to arrive.


Sending

💸 When sending crypto, you will be able to adjust those Network fees and choose between ⚡️ Express (faster but more expensive) and 🚲 Eco mode (slower but cheaper). The Network fees you will pay are displayed before you send.


Learn more about Sending modes.


Selling

🏦 When selling your crypto, Network fees also apply as they need to be sent to the buyer (provider) before being converted into another currency (USD, EURO...) or crypto.


📚 If you want to dig deeper into this subject, you can check the following article:
https://en.bitcoin.it/wiki/Miner_fees

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