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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.
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Cryptocurrency Risk Assessment

All Rights Reserved BABB Group Ltd, a UK registered Company (No. 11197989)
Babb Group Limited is a company registered and incorporated in England and Wales with company number 11197989 and registered office at 40 Bank Street, 30th Floor, London, Canary Wharf, E14 5NR United Kingdom. It operates the following subsidiary companies:
Babb Remit LTD is a company registered and incorporated in England and Wales with company number 10407809 and registered office at 40 Bank Street, 30th Floor, London, Canary Wharf, E14 5NR United Kingdom. Babb Remit LTD is registered with the Financial Conduct Authority as a Small Payments Institution under the firm reference number 761308.
Babb Platform Ltd is a company registered and incorporated in England and Wales with company number 10803612 and registered office at 40 Bank Street, 30th Floor, London, Canary Wharf, E14 5NR United Kingdom. It operates under an agency agreement under Babb Remit LTD.

 

PLEASE NOTE: 

The risk of loss in trading or holding Digital Currencies and Cryptocurrencies can be substantial. As with any asset, the value of  cryptocurrencies can go up or down (and can even drop to zero), may be very volatile and there can be a substantial risk that you lose money buying, selling, holding, or investing in digital currencies and cryptocurrencies. Cryptocurrency services are not currently regulated by the Financial Conduct Authority or any other regulator in the UK. You should carefully consider whether trading or holding digital currencies or cryptocurrencies is suitable for you in light of your own financial situation and attitude to risk, as evaluated by you carefully. We do not make any representations or recommendations regarding the advisability or otherwise of trading in digital currencies and cryptocurrencies or any particular transaction.