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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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All Rights Reserved BABB Group Ltd, a UK registered Company (No. 11197989)

Babb Group Ltd 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.

It operates as agent of BABB Remit Ltd (“Babb Remit”) for the purposes of providing payment services. Babb Remit is a company registered and incorporated in England and Wales with company number 10407809 and is registered with the Financial Conduct Authority as a Small Payments Institution under the firm reference number 761308.

Babb BNK Limited is a company registered and incorporated in England and Wales with company number 11392951 and registered office at 40 Bank Street, 30th Floor, London, Canary Wharf, E14 5NR.