How does Banxa set the price of cryptocurrency?

Banxa provides what you see is what you get quotations for customers. This price will cover everything from payment gateway fees, blockchain/network fees, Banxa fees, foreign exchange fees and tax. The cost of a cryptocurrency transaction can vary based on a range of factors including but not limited to the following:

  • The liquidity of the underling coin and demand 
  • The payment method used
  • Fraud and associated risks of facilitating the transactions

The final amount of cryptocurrency you will receive is always clearly displayed on the final page of the checkout process, right before you enter your bank or card details and confirm the purchase.

Sections


Banxa fee structure summary

Fee / cost

Paid to

Description

Cost varies based on

Banxa fee

Banxa

Our margin which is included in the unit price for the transaction. 

The cost of each payment method

Payment gateway fees 

Payment provider 

Fees charged by payment services.  

 

Card (Visa/Mastercard and ApplePay)

Payment provider

 

 

Card (GooglePay)

Payment provider

 

 

Bank Transfer 

Free

Any payment method that is offered locally 

 

Network fee

Blockchain miners/validators

Cost of a single transaction 

Selected network and its current usage

Partner fee (optional)

Partner application

Partner commission when purchasing or selling crypto within their apps

Only charged by some, but not all, partners


Buy transactions

RegionCountryPayment MethodPayment Surcharge / 
Gateway Fee
Fiat CurrencyTransaction MinimumTransaction MaximumWeekly LimitMonthly LimitTransaction Speed
Global 
135+ countries for Visa/Mastercard

Visa/Mastercard

Apple Pay

Google Pay
1.99% (Visa/Mastercard, GooglePay & ApplePay)

*GooglePay will display a 0% fee, but the cost is integrated into the price.
USDUS$20US$15,000US$60,000US$100,000
Instant 
AUDAU$30AU$15,000AU$60,000AU$60,000
AED100 dh60,000 dh130,000 dh260,000 dh
BRLR$150R$3,300R$13,000R$26,000
CADCA$30CA$10,000CA$42,500CA$85,000
CHFCHF25CHF15,000CHF32,000CHF64,000
CZKKč600Kč50,000Kč65,000Kč130,000
DKKkr.180kr.30,000kr.210,000kr.420,000
EUR€20€14,000€30,000€60,000
GBP£17£14,000£30,000£60,000
HKDHK$200HK$50,000HK$225,000HK$450,000
IDRRp390,000Rp8,250,000Rp33,000,000Rp66,000,000
INR₹2,200₹50,000₹180,000₹400,000
JPY¥3,800¥800,000¥3,000,000¥3,000,000
KRW ₩35,000₩18,900,000₩40,500,000₩81,000,000
MXNM$500M$20,000M$50,000M$100,000
NOK280 kr60,000 kr350,000 kr700,000 kr
NZD$45$15,000$42,500$85,000
PHP₱1,500₱30,000₱120,000₱300,000
PLN105 zł17,000 zł85,000 zł170,000 zł
QARر.ق100ر.ق59,000ر.ق130,000ر.ق250,000
RONRON120RON70,000RON150,000RON300,000
SAR100﷼61,000﷼130,000﷼260,000
SEK265 kr50,000 kr300,000 kr600,000 kr
SGD$35$10,000$42,500$85,000
THB฿850฿20,000฿80,000฿200,000
TRY₺860₺225,000₺482,000₺965,000
TWD$810$455,750$1,825,000$3,040,000
VND640,000  ₫

375,000,000 ₫
 
750,000,000 ₫
 
1,500,000,000 ₫
 
ZARR450R10,000R40,000R100,000
Asia/PacificAustraliaBank Transfer - PayIDFreeAUD$76$1,500$1,500$70,000Instant
Europe
AllBank Transfer - SEPAFreeEUR€46€30,000€30,000€70,000Instant
AllBank Transfer - Open BankingFreeEUR/GBP46/40€30,000€30,000€70,000Instant
NetherlandsBank Transfer - iDEALFreeEUR€46€30,000€30,000€70,000Instant
UKBank Transfer - Faster PaymentFreeGBP£40£3,000£20,000£80,000Instant
North America
CanadaBank Transfer - InteracFreeCAD$68$10,000$20,000$30,000Instant
Bank Transfer - ACH (currently NA)FreeUSD$50$1,000$1,000$2,000Instant
LATAM
BrazilBank Transfer - PIXFreeBRLR$300R$25,000$25,000$100,000Instant
MexicoBank Transfer - SPEIFreeMXN1,200$90,000$360,000$720,000Instant
ChileBank Transfer - KhipuFreeCLP60,0006,000,0006,000,00018,000,000Instant
ColombiaBank Transfer - PSEFreeCOP$250,000$25,000,000$100,000,000$200,000,000Instant
AfricaSouth AfricaBank Transfer - ACH FreeZAR1,200$79,000$79,000$316,000Instant


Sell transactions

RegionPayment MethodPayment Surcharge / Gateway FeeFiat CurrencyTransaction MinimumTransaction MaximumMonthly LimitTransaction Speed
Australia

Bank Transfer


Free

AUD

$50

$30,000

$1,400,000


0-24 hours (depending on bank, potentially longer on weekends)

Europe

SEPA (Bank Transfer)


Free

EUR

€30

€14,000

€150,000


0-24 hours (depending on bank, potentially longer on weekends)

UK

Faster Payments (Bank Transfer)


Free

GBP

£30

£14,000

£150,000


0-24 hours (depending on bank, potentially longer on weekends)

Canada

Interac (Bank Transfer)



Free

CAD

$20

$10,000

$150,000


0-24 hours (depending on bank, potentially longer on weekends)

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