Introduction
Transparency is crucial within the Bitcoin community. At Satoshi, we strive to clearly outline the fees associated with using our app. This article offers a detailed overview of these fees.
Fee Breakdown
Note: Fees are subject to change based on market conditions
On-Chain
Send: Dynamic, based on network fees (no Satoshi markup)
Receive: No fees
Lightning
Send: 0.3% (33% discount for Satoshi+)
Receive: Dynamic, based on network fees (no Satoshi markup)
Liquid
Send: Dynamic, based on network fees (no Satoshi markup)
Receive: No fees
Buy and Sell
Buy BTC: 0.9% fee + spread (0% fee for Satoshi+)
Sell BTC: 0.9% fee + spread (0% fee for Satoshi+)
Note: Satoshi may charge an additional spread on buy and sell orders based on market conditions.
Cash
Add Cash
ACH Transfer: No fees
Wire Transfer: $20 per wire
Cash Out
Standard: 0% fee
Instant: 1.5% fee (coming soon)
Borrowing
Coming Soon: This feature is under development.
Conclusion
At Satoshi, we value transparency and honesty in our relationships with users, particularly regarding fees. We are dedicated to promptly communicating any changes to our fee structure and ensuring our community is well-informed.