Bitnob's Transaction fees

All you need to know about transaction fees on Bitnob

Chika avatar
Written by Chika
Updated over a week ago

1. How much is the transaction fee for sending via on-chain?

The transaction fee for sending Bitcoin via on-chain is a flat fee of 15,000 satoshis

2. How much is the withdrawal fee to my bank account?

  • 0 - $20: $0.1 is charged

  • $21 - $50: $0.2 is charged

  • $51 - $100: $0:5 is charged

  • Above $100: 0.5% is charged capped at $2

3. How much is the withdrawal fee to my Mobile Money account?

  • 0 - $20: $0.1 is charged

  • $21 - $50: $0.2 is charged

  • $51 - $100: $0:5 is charged

  • Above $100: 0.5% is charged capped at $2

4. How much is the transaction fee to buy Bitcoin?

$0 is charged on Bitcoin purchases*

5. How much is the transaction fee for selling Bitcoin?

$0 is charged on Bitcoin sale*

* Bitnob does not charge for Bitcoin sales. $0 is charged for Sell BTC.
However, we apply a Spread of 1.1% from our Buy Price when selling.

6. How much is the transaction fee to receive BTC?

There is no fee attached to receiving BTC.

7. How much is the transaction fee for a savings plan?

1.10% is charged for plan top up or funding

8. What is Bitnob’s exchange rate?

The exchange rate is dependent on the current market price, you can see it displayed on the apps homepage

9. How much is the USD deposit fee?

  • For Nigerian Naira:

    • Safe Haven: There is no added fee for funding.

    • Paga: This alternative is for users who are having issues funding with SafeHaven. There is a fee added by Paga to make the transaction.

  • For Kenyan Shilling: There is a 2% charge on all funding transactions that is the network fee.

10. What is the penalty fee for breaking my savings plan?

The penalty fee for breaking your savings before maturity is 3%

11. How much is the transaction fee for sending USDC/USDT?

  • $1 - $200: $2 is charged

  • $200 and above: 1% is charged capped at $5

* Bitnob does not charge for Bitcoin purchases or sales, however a spread will be charged based on prevailing market conditions to cater for variables like rapid changes in Bitcoin prices as at the time of purchase or sale.

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