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BABB Fee Structure

For Crypto deposits – zero (0) fees. All Crypto deposits from external wallets into a Babb wallet are not chargeable. These include the following:
• Crypto Deposit from external sources into a Babb Crypto 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.)

 

Internal Peer-to-Peer Transfer – zero (0) Babb fees. All internal transfers are not chargeable. This includes 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 Babb platform wallet/account to an external wallet or account is chargeable. These include:
• Peer-to-peer crypto transfer from a Babb wallet to an external network wallet – 5% plus gas/network fees
• Cryptocurrency cash out into fiat – 2% on BABB crypto to fiat withdrawals in the form of bank account transfer. Conversion fees apply additionally.