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BABB Fee Structure

For deposits/cash-in – zero (0) fees. All deposits from external wallets and accounts into a Babb wallet is not chargeable. These include the following:

  • Crypto Deposit from external sources into a Babb Crypto wallet
  • Donation from an external crypto account into a BAX campaign wallet.

 For BAX Purchases via fiat – 5% chargeable on:

 

  • Purchase of Crypto from Fiat to deposit into Babb Crypto wallet – ( conversion fees apply; see below. Also, please note that your bank or card issuer may charge you in addition.)
  • Donation from a credit/debit card into a BAX campaign wallet (your card issuer may apply charges).

Internal Peer-to-Peer Transfer – zero (0) Babb fees. All internal transfers are not chargeable. This include any same currency peer to peer cryptocurrency transfer

Currency conversion – 5% applicable on the relevant exchange rate, on the source currency (both for crypto/fiat). This includes:

  • Fiat to BAX – conversion fee applicable to any purchase of BAX via a bank transfer or card transaction to send to an internal BAX wallet
  • BAX to Fiat – conversion fee applicable to any cash withdrawal from BAX or any other supported cryptocurrency to send to a bank account.
  • ETH to BAX
  • BAX to ETH
  • BAX to BTC
  • BTC to BAX

Fundraising

  • Donation to a BAX campaign wallet – If BAX is the source currency – zero (0) Babb fees. This is similar to a crypto deposit to a wallet.
  • Donation to a BAX campaign wallet – If donation is a source currency other than BAX –  zero (0) donation fee but currency conversion fees apply (your bank or card provider may charge you)
  • Fundraising campaign fees – 5% chargeable on withdrawal/transfer from the BAX campaign wallet to any internal Babb wallet

Withdrawal fees – Withdrawals out of any internal Babb wallet/account to an external wallet or account is chargeable at 5%. These include:

  • Peer-to-peer transfer crypto transfer from a Babb wallet to an external network wallet -5% plus gas/network fees
  • Cryptocurrency conversion to cash out into fiat – 5% on BABB crypto to fiat withdrawals in the form of a bank account transfer. Conversion fees apply additionally.