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 purchases or sales; however, a spread of 0.2% based on prevailing market conditions is applied to cater to variables like rapid changes in Bitcoin prices at the time of purchase or sale.
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 app's homepage
9. How much is the USD deposit fee?
For Nigerian Naira:
Safe Haven: There is no added fee for funding.
Providus Bank: There is no added fee.
For Kenyan Shilling: There is a 2% charge on all funding transactions which 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 USDT?
A flat fee of $2 per transfer
12. How much is the fee for Binance Pay Deposits?
A 1% fee is charged on every deposit made.
* It is also important to note that Bitnob does not charge you for Binance Pay deposits. This fee is set by Binance and not Bitnob. From the beginning, we've worked to make funding your Bitnob account as seamless and cost-effective as possible, which is why we kept Binance Pay free. However, as we continue to grow and enhance our services, some adjustments are unavoidable. Please be assured that Bitnob itself does not impose any fees for funding your account. We remain committed to transparency and to ensuring that you always know what to expect. We greatly appreciate your trust and support as we continue to improve our services.