Find all information you need about Bancr fees for trading, depositing, withdrawing, and converting cryptocurrency.
Trading Cryptocurrency
| Payment Group | Sell Cryptocurrency | Buy Cryptocurrency |
| Bank Transfers | 0.5% | no fee |
| Credit/Debit Cards | 1% | no fee |
| Digital Currencies | 1% | no fee |
| Online Wallets | 1% | no fee |
| Cash | 1% | no fee |
| Goods & Services | 1% | no fee |
Buying Cryptocurrency
- When purchasing cryptocurrency from the Marketplace Platform on Bancr, you are buying cryptocurrency at a rate set by the customers themselves. These rates vary based on numerous factors such as your verification status, payment method, currency pair (such as USD, EUR), and order size.
Selling Cryptocurrency
- This escrow amount is deducted from your Bancr wallet at the beginning of the trade. Upon successful completion of the trade, Bancr receives the escrow fee. If the trade is not completed, i.e cryptocurrency is released from escrow back to the cryptocurrency seller, Bancr takes no fee.
Sending and Receiving Bitcoin
| Wallet Type | Send Out | Incoming |
| External Wallet | $0 – $9.99 = 0.00008 BTC $10 – $19.99 = 0.00016 BTC $20+ = 0.0004 BTC |
no fee |
| Internal Wallet | Up to 1,000 USD per month for free
After 1,000 USD is reached, a fee of 1 USD or 1% of the amount being sent, whichever is greater, is applied |
no fee |
Sending and Receiving Stable Value Coins
| Wallet Type | Send Out | Incoming |
| External Wallet | Dynamic Ethereum network fee + Bancr wallet fee
Bancr wallet fee: $0 – $9.99 = 1 Stable Value Token
|
dynamic Ethereum network fee |
| Internal Wallet | Up to 1,000 USD per month for free (between all cryptocurrencies)
After 1,000 USD is reached, a fee of 1 USD or 1% of the amount being sent, whichever is greater, is applied |
no fee |
- There is a fee for receiving (depositing) Stable Value Tokens from an external address to your Bancr wallet. This is the network fee. It consists of the deposit consolidation fee multiplied by the current Ethereum rate.
You can see a rough estimate of the fees in your Bancr wallet after you click Receive. Once the deposit arrives, the actual fee is calculated and this could be different from the estimated amount you saw earlier. This difference is because the Ethereum price is constantly changing. - Bancr doesn’t charge any deposit fee on top of the Ethereum network fee for incoming Stable Value Token transactions from external wallets.
- There is no fee for receiving (depositing) Stable Value Tokens to your Bancr wallet if funds are being sent to you from another Bancr wallet.
Sending and Receiving Ethereum (ETH)
| Wallet Type | Send Out | Incoming |
| External Wallet | Dynamic Ethereum network fee + Bancr wallet fee
Bancr wallet fee: $0 – $9.99 = 0.002 ETH
|
no fee |
| Internal Wallet | Up to 1,000 USD per month for free
After 1,000 USD is reached, a fee of 1 USD or 1% of the amount being sent, whichever is greater, is applied |
no fee |
Converting Cryptocurrency
| Conversion Type | Fee |
| All cryptocurrency conversions | 0.5% |
Bancr Stable Value Coin
The quoted price you receive from the Stable Value Coin Counterparty is inclusive of all fees and charges. This quoted price may include additional fees charged by the Stable Value Coin Counterparty and/or third party fees necessary to facilitate this transaction.
Merchant Fees
Sign up fees – $34.95USD Per Month
| Transaction Type | Send Out | Incoming |
| Wallet to wallet USD, EUR and other Fiat Currencies | 0% | 5% |
| Wallet to Wallet crypto | 0% | 5% |