Deposit and Withdrawal fees Virtual Currencies

IMPORTANT: We raised the minimum withdrawal fees due to the increase in the ETH gas price. This is temporary and is required to cover our costs. Thanks for understanding!

SwissBorg does not charge fees for deposits to the SwissBorg App. But, when you send funds out you, will have to pay the withdrawal fees from your other wallet. 

When making a deposit, you need to send tokens out of your Wallet or Bank Account to your SwissBorg App Wallet. Every transaction requires Gas to be executed, this is the transaction fee needed for the system to operate (On the Ethereum Blockchain the Gas is ETH). The withdrawal fees might range from couple cents to several dollars depending on your wallet (Exchange wallet, Web wallet, Mobile wallet). The withdrawal fees of Exchanges are most of the time higher. 

For Web wallet such as a MEW, the transaction is often set automatically but you can use the advanced feature and set in on your own. The more gas you put, the faster transaction will be and vice versa - the less gas you put, the slower it will be (up to several days). You can see the gas price recommendations here. 

We charge fees for withdrawal:

SwissBorg automatically adjusts the gas amount to ensure that transactions are executed without delays.

The minimum fees are necessary to cover the fees our financial partners charge us. We're doing our best to improve that.