Fee schedule

Kvarn X account

Opening a Kvarn X account is free of charge.

We also do not charge any fees for account maintenance or custody of your crypto assets.

Trading fee schedule

90-day volume (EUR)

Fee %

Tier

0 - 10 000

0,8%

10 001 - 100 000

0,6%

100 001 - 500 000

0,4%

500 001 - 5 000 000

0,3%

VIP

5 000 001 - 20 000 000

0,2%

Professional

Over 20 000 000

0,1%

Institutional

Pricing and fees disclosures:

Fees and costs are charged on a per-trade basis.
Kvarn X charges the user a fee for buying or selling crypto assets and, where applicable, a spread which is included in the buy/sell price.
Fees are a percentage commission on each executed buy and sell order. The fee is always charged in the quoted fiat currency of the trade, with the exception of cryptocurrency trades where the fee is charged in the base currency of each trading pair (e.g. USDC, BTC, ETH).
User fee volume levels are based on the trading volume over the last 90 days. Only trades made in the last 90 days are taken into account and applied in the volume calculation.
Minimum trading fee 1 € applies to all fee tiers.
Only executed trade orders are included in the user fee volume levels. Any campaign orders executed without a fee are not included in the volume levels.
Discount tiers are updated after every executed trade, so you get your discounts when you earn them.
As volume increases, the fees are reduced in accordance with the volume discount table in force.
Specific fees may also be agreed on a client-by-client basis. In this case, the criteria for fees that differ from the standard fees are agreed in writing with the customer.
Please note that all fees and charges are subject to change from time to time. It is recommended to review the most up-to-date fee information on the Kvarn X platform.

Transfer and withdrawal fee schedule

Transaction

Fee

Receiving a cryptocurrency transfer to Kvarn X account

0,00 €

Cryptocurrency transfer out of the Kvarn X platform

network-specific transaction fee*

Fiat withdrawal to user’s bank account

0,50 € per transaction

Transfer and withdrawal fees disclosures:

Additional information on network fees related to cryptocurrency transfers*

Transactions on cryptocurrency networks (i.e. transfers of cryptocurrency out of the Kvarn X platform) are subject to a network-specific transaction fee, which is paid to the miners/validators maintaining the security of the network. Kvarn X charges the user a network fee for the transfers. The amount of the network fee depends, for example, on the network (blockchain) used for the transfer, the market situation and the network congestion level.
When you send cryptocurrency from your Kvarn X wallet to another wallet, we will charge you a fee based on our estimate of the prevailing network fees.
Please note that the final fee that Kvarn X pays to the miners/validators and charges from the user may differ from the estimated fee due to factors such as changes in network congestion levels.
Network fees for crypto assets tokenized on ERC-20 and other blockchain platforms are charged in fiat currency to the customer's account using the exchange rate on each transfer date against the blockchain token in which the network fee is paid (e.g. ether (ETH) in the case of Ethereum).

Kvarn X charges the user a service fee for preparing fiat withdrawals. Note: Kvarn Capital Ltd, providing the Kvarn X service, is not involved in the actual payment services.

Card deposit fees

A service fee is charged on deposits based on the card issuer’s country (i.e. the country where the bank or card
provider is based). The service fee is deducted from the deposit amount.

Card type

Service fee

EEA cards (EU + EEA countries)

2,0 % + 0,50 € per deposit

UK cards (United Kingdom)

3,0 % + 0,50 € per deposit

Premium cards (e.g. business or metal cards)

2,0 % + 0,50 € per deposit

International cards (other than above)

3,5 % + 0,50 € per deposit

Dispute handling fee

50€

Additional information about deposits

EEA = European Economic Area, which includes all EU countries plus Norway, Iceland, and Liechtenstein. For example, cards issued in Finland, Germany, France, Sweden, and Estonia are considered EEA cards.
Example of a service fee:

If you deposit €100 with a Finnish bank card, the service fee is: 2.00% x €100 = €2.00 + €0.50 = €2.50 → €97.50 is credited to your account for trading.

Fees as low as 0,1%