Changer.ae Fees
| ASSET | Current Changer Fees | |
| Minimum Withdrawal | Withdrawal Fees | |
| BTC | 0.001 | 0.0008 |
| ETH | 0.02 | 0.01 |
| USDC | 50 | 30 |
| XRP | 10 | 1 |
| USDT | 50 | 30 |
| BNB | ||
| AVAX | ||
| SOL | ||
|
Asset |
Withdrawal Fees |
|
BTC |
0.0001 |
|
ETH |
0.002 |
|
USDC |
5 |
|
XRP |
0.5 |
|
USDT |
5 |
|
BNB |
0.002 |
|
AVAX |
coming soon |
|
SOL |
coming soon |
|
Asset |
Changer.ae |
||
|
Minimum Withdrawal |
Withdrawal Fees |
||
|
BITCOIN |
BTC |
0.001 |
0.0001 |
|
ETHEREUM |
ETH |
0.02 |
0.002 |
|
USDT |
ERC 20 |
50 |
5 |
|
BEP20 |
50 |
5 |
|
|
USDC |
USDC |
50 |
5 |
|
RIPPLE |
XRP |
10 |
0.5 |
|
BNB |
BNB |
0.02 |
0.002 |
|
SOLANA |
SOL |
0.5 |
0.01 |
|
AVALANCHE |
AVAX |
5 |
0.1 |
|
USD Universal |
USDU |
50 |
5 |
Deposit fees
Changer.ae does not currently charge deposit fees.
Custody fees
Payment Methods
To open your first Wallet under your Account, you must select one of the current, valid and accepted methods of payment indicated on the Platform (“Payment Methods”). You can use any Wallet under your Account as a Payment Method. You can change your selected Payment Method at any time by following the instructions on the Platform.
Payment date
For each billing month, the custody fees set out in this Appendix are due and payable to Changer.ae on the payment date of that billing month. You can view the payment date for each billing month on the Platform by accessing your Account page on the Platform.
Notwithstanding the above:
1. where a Wallet is closed prior to the payment date of the relevant billing month, the custody fees set out in this Appendix in respect of such Wallet for such billing month shall be due and payable at the time the Wallet is closed; and
2. where this Agreement is terminated prior to the payment date of the relevant billing month, all custody fees set out in this Appendix for such billing month shall be due and payable to Changer.ae at the time this Agreement is terminated.
Statement
On each payment date, Changer.ae will send you a statement via email showing the custody fees due and payable to Changer.ae as of such payment date, and such statement will also be made available on your Account page on the Platform.
Statements will express custody fees in USD, AED and, where your selected Payment Method on the payment date is a Wallet under your Account, the Stablecoin/Accepted Virtual Asset corresponding to that Wallet.
Calculation of custody fees
The monthly custody fee in respect of each Wallet is calculated as a percentage of the average USD value of Accepted Virtual Assets and/or Stablecoins held in that Wallet over the relevant billing month.
Custody fees are calculated and applied separately for each Wallet. Where multiple Wallets are maintained (including for different Accepted Virtual Assets or Stablecoins), each Wallet will be subject to an independent custody fee calculation and reflected as a separate line item in the relevant statement.
For each Wallet, the balance of Accepted Virtual Assets and/or Stablecoins is determined at the beginning of each hour throughout the billing month. The balance is converted into its USD equivalent using the applicable market price at that point in time, resulting in an hourly USD valuation.
The hourly USD valuations are averaged over the billing month to determine the average USD balance for that Wallet. The applicable custody fee rate, as specified in this Agreement, is then applied to this average balance to calculate the custody fee for the billing month.
For the avoidance of doubt, any transactions executed or price fluctuations occurring during the final hour of the billing month will not be reflected in the average USD balance for that billing month but will instead be reflected in the subsequent billing month.
Notwithstanding the above, the Company may, at its sole discretion, waive, reduce, or adjust any custody fees based on internal policies, asset value thresholds, client classification, or other relevant considerations, as determined and updated from time to time.
Autopay
Changer.ae operates an “autopay” system with respect to custody fees. You hereby authorise Changer.ae to charge all custody fees due and payable to Changer.ae under the terms of this Agreement on the payment date of each billing month to the Payment Method selected as of that payment date.
Where, as of a payment date, your selected Payment Method is a Wallet under your Account, you authorise Changer.ae to transfer any Funds from such Wallet on such payment date for the payment on your behalf of all custody fees due and payable to Changer.ae under the terms of this Agreement.
You will remain liable for any custody fees that remain unpaid after Changer.ae has charged custody fees to your selected Payment Method under the autopay system. Custody fees may remain unpaid where, for example, your selected Payment Method is a Wallet under your Account, and there are insufficient Funds within that Wallet to cover all custody fees due and payable to Changer.ae on the relevant payment date.
Where custody fees remain unpaid, without prejudice to any rights or remedies available to Changer.ae under the terms of this Agreement, Changer.ae will notify you of the amount of custody fees outstanding and provide instructions on how to pay such outstanding custody fees to Changer.ae.
Please note that custody fees will continue to accrue with respect to an Accepted Virtual Asset/Stablecoin Wallet opened under your Account, until such Wallet is closed or this Agreement is terminated. Even after a Wallet is closed or this Agreement is terminated, you will remain liable for all custody fees due and payable to Changer.ae in respect of the period the Wallet was open or that accrued prior to termination, as applicable.
Withdrawal fees
Withdrawal fees will be due and payable at the point when the Accepted Virtual Assets/Stablecoins are withdrawn and in the Accepted Virtual Asset/Stablecoin to which the withdrawal relates. A “withdrawal” for these purposes includes a withdrawal effected as a result of a closure of a Wallet or the termination of this Agreement.
Notwithstanding any other terms of this Agreement, when you request to withdraw an amount of Accepted Virtual Assets/Stablecoins from a Wallet, including where such request is a result of a closure of a Wallet or the termination of this Agreement, Changer.ae will deduct any Fees due and payable to Changer.ae at the time of withdrawal, including any due and payable withdrawal and custody fees.
You authorise Changer.ae to transfer from your Account the amount of Accepted Virtual Assets/Stablecoins so deducted as payment on your behalf for Fees due and payable to Changer.ae at the time of withdrawal.
The balance of Accepted Virtual Assets/Stablecoins following such deduction will be transferred to such destination as shall be specified by you, subject to the terms of this Agreement. This means that you will not be able to withdraw any amount of Accepted Virtual Assets/Stablecoins equal to or less than all Fees due and payable to Changer.ae at the time of withdrawal.
Fiat currencies
Changer.ae does not currently charge any custody fees for holding/controlling fiat currencies, nor does Changer.ae currently impose any minimum balances for fiat currencies.
Changer.ae may be charged by third-party banks for fiat currency deposits into or withdrawals from your Account. If Changer.ae is so charged, you agree to pay Changer.ae an equivalent amount of such charges, in the same fiat currency(ies) to which such charges relate. Changer.ae will not apply any uplift to such charges.
If Changer.ae is charged by a third-party bank for a fiat currency deposit into a Wallet, Changer.ae will debit the amount of such charges from the deposit amount, and the balance will be deposited into the Wallet.
Notwithstanding any other terms of this Agreement, when you request to withdraw an amount of fiat currency from a Wallet, including where such request is a result of a closure of a Wallet or the termination of this Agreement, Changer.ae will deduct from the withdrawal amount any Fees due and payable to Changer.ae at the time of withdrawal, including any amounts charged by third-party banks to Changer.ae for such fiat currency withdrawal. You authorise Changer.ae to transfer from your Account the amount of fiat currency so deducted as payment on your behalf for Fees due and payable to Changer.ae at the time of withdrawal. The balance of fiat currency following such deduction will be transferred to such destination as shall be specified by you, subject to the terms of this Agreement. This means that you will not be able to withdraw any amount of fiat currency equal to or less than all Fees due and payable to Changer.ae at the time of withdrawal.
AUC Calculation Methodology
AUC billing is based on a percentage fee (bps) calculated on the average USD balance of assets under custody over the month. Subject to minimum and maximum capping.
Each coin and token bill will be calculated separately and given its own line item in the bill. Even though custodial wallets may execute a minimal number of transactions and therefore have the same coin-based balance over the course of the month, the USD value of the coins varies over the hours of the month resulting in differing USD-based balances at each hourly fencepost. The balances will be calculated at the beginning of each hour. This means that transactions or price changes in the very last hour of the month are not reflected in the average for that month; instead, they will be reflected in the average for the following month.
Computing Average Balance: For each wallet, we calculate the balance in coins for that wallet at the top of each hour, and multiply the balance by the price of the coin as of that point in time to derive the hourly USD/AED balance. We then average the hourly USD/AED balances, to derive the average USD/AED balance for the month. The average monthly USD/AED balance is then multiplied by the rate or tiered rates specified in the customer’s contract.
Arranging Service
|
Service fee |
2% of the USD/AED value of the transaction entered into with the Approved Liquidity Provider |
Dealing Service
|
Dealing fee |
2% of the USD/AED value of the transaction entered into with the Approved Liquidity Provider |