When it comes to crypto transactions, it's not just the market price of the currency that matters. The total cost for an order is based on three main components: exchange rates, transaction fees and an optional priority fee. These components define how the price is determined for each transaction.
BTCX charges a fee in the form of a spread. This means that as a customer, you are quoted a price at which you can buy or sell bitcoin. The price BTCX offers will be higher than the market price if you are buying, or lower than the market price if you are selling. The difference between the market price and the price we offer is our fee.
Fees for buying and selling crypto-assets
BTCX fees are based on the exchange service used. The fees shown below are an approximation of the final fee that will be applied to your order. The final fee paid can sometimes vary due to market conditions.
| Service | Fee |
|---|---|
| Standard | 5% |
| Express | 9,5% |
The Bitcoin network also charges its own fee for each transaction. For regular orders, BTCX always covers this fee for customers, which means it is included in the order exchange fee. However, if you want a priority order with faster transaction and support, you can choose to pay the network fee yourself. This is called the Priority Fee. The amount of the Priority Fee is based on the current network conditions. The applicable Priority Fee is always shown and fixed before you confirm your order. If BTCX pays the network fee, the order may under certain conditions take longer to process.
Allowed amounts
| Service | Order type | Minimum amount | Maximum amount |
|---|---|---|---|
| BTCX Standard | Buy | 100 SEK / 10 EUR | 10 000 000 SEK |
| Sell | 750 SEK | 500 000 SEK | |
| BTCX Express | Buy | 100 SEK | 10 000 SEK over 7 days |
Exchange rates
When placing an order, you will see an exchange rate in the order form. That is the estimate of what price you will be paying. The final exchange rate for your transaction is determined at the time of the transaction, meaning at the time the transaction is fully paid to BTCX and cleared all necessary KYC. Because of this, the final rate might differ from the initial one, depending on the movements in the market.
Methodology
To offer you the best possible rate, we pull exchange prices in real time from various different sources. This helps ensure your rate is as up to date as possible when your transaction happens.
Receipt
Once your transaction is complete, you will receive a receipt where the final execution price (including spread) is clearly shown.
OTC
The OTC service provided by BTCX is a service for individuals and businesses looking to buy or sell larger volumes of bitcoin, typically above 150,000 SEK. The service offers personalized support and competitive pricing.
Fees and execution
- Fees are volume-based, meaning the higher the order volume, the lower the applicable fee.
- Bitcoin is exchanged as close to the market price as possible at the time of execution.
- The final execution price is confirmed once the order is completed, and the fee is deducted before settlement.
| Order type | Minimum amount | Maximum amount |
|---|---|---|
| Buy | 150,000 SEK | No fixed limit – subject to manual approval |
| Sell | 150,000 SEK | No fixed limit – subject to manual approval |
There is no upper limit on OTC orders. However, all high-volume trades are subject to manual approval, and the maximum accepted amount depends on the crypto-asset involved and current market conditions.
To get started or learn more about the service, click here and connect with our team.
POSSIBLE ADDITION FOR TRANSPARENCY AND CUSTOMER PROTECTION PURPOSES
BTCX CAN NOT GUARANTEE THE FINAL EXCHANGE RATES. CUSTOMERS BEAR THE RISK OF DEVIATIONS FROM THE PRE-TRANSACTION ESTIMATE. THERE IS NO POSSIBILITY TO REVERSE OR REFUND TRANSACTIONS DUE TO SUCH DEVIATIONS.
Goobit has the right to charge an administration fee in special circumstances. This is explained in section 3.5 and 3.6 in the company’s terms of service.