Are you curious about the costs for depositing, trading, and withdrawing cryptocurrencies on Knaken? You’re in the right place! Our Knaken app makes it easy to understand the various cost structures. Let’s get started!

Important points:

1. Deposit costs: Explore the costs for different payment methods when depositing money into your Knaken account.
2. Trading costs: Discover the costs associated with buying and selling cryptocurrencies on Knaken.
3. Kickback: Understand how Family Members receive discounts on exchange rates.
4. Crypto withdrawal costs: Learn about the transaction fees when withdrawing cryptocurrencies.
5. Euro withdrawal costs: Gain insight into the costs for withdrawing euros from your Knaken account.

5 simple steps to learn everything about the costs:

Step 1: Explore deposit costs

First, let’s look at the costs for depositing money into your Knaken account. Knaken supports multiple payment methods, each with its own costs:

• iDeal: €0.35 per transaction
• EPS: €0.35 + 2.25% of the amount
• IBAN bank transfer: €1.00 per transaction
• Online Transfer: €0.35 + 2.25% of the amount
• Bancontact: €0.35 + 1% of the amount
• Mastercard: 2.1% of the amount
• Giropay: €0.35 + 2.25% of the amount
• Visa: 2.1% of the amount

Step 2: Understand the trading costs

Now that you know the deposit costs, it’s time to understand the trading costs on Knaken. For every buy or sell transaction, you pay:

• Platform fee: €0.75 per transaction
• Exchange fee: 0.99% of the transaction amount

Step 3: Kickback benefits for Family Members

Did you know that Family Members receive a portion of their exchange fees back? When placing an order, you initially pay the full amount, but after a successful transaction, you receive a kickback on the exchange fees to your account.

Step 4: Explore crypto withdrawal costs

When withdrawing cryptocurrencies through Knaken, you pay transaction fees to the miners/validators of the blockchain. These fees can vary and increase if you choose a faster withdrawal.

Step 5: Check the euro withdrawal costs

Finally, let’s look at the costs for withdrawing euros to your bank account:

• Standard withdrawal: €0.50 per transaction
• Accelerated withdrawal: 1% of the total amount, with a maximum of €100

Pro tip:

Want to save on withdrawal costs? Plan your withdrawals and avoid accelerated withdrawals to dodge the extra 1% surcharge. For larger amounts, this can make a big difference!

FAQ:

What should I do if I encounter an error when depositing money?

First, check if you have entered the correct payment method and details. If the problem persists, contact our support team for further assistance.

How can I become a Family Member to benefit from the kickback?

Visit our website for more information on how to become a Family Member and how to take advantage of the kickback on your exchange fees.

Are the transaction costs for withdrawing crypto always the same?

No, the transaction costs for crypto withdrawals can vary depending on the congestion on the blockchain. Accelerated withdrawals incur higher costs.

And that’s everything you need to know about the costs on Knaken! With this information, you are better prepared to make informed decisions about depositing, trading, and withdrawing cryptocurrencies. Want to explore more? Check out our guides on other features of the Knaken app!

Link to the app:

• iOS
• Android

Contact Support: Having issues? Our support team is ready to help! Contact us at [email protected]