Fees and Limits

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 (crypto) – 3% applicable on the relevant exchange rate, on the source currency. This includes: 

• ETH to BAX 
• BAX to ETH 
• BAX to BTC 
• BTC to BAX 

 

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

 

Fundraising 

• Fundraising is being phased out, the remaining applicable fees relate to withdrawals from existing campaigns.  
• 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.