Platform basics: cost overview

At Knaken, we find it important to be as transparent as possible to our customers about the costs involved. It is possible to view these costs for each purchase or sale. Below is an explanation of our deposit, trading, and withdrawal fees.

Payment Fee
The payment fee only applies if you use a payment provider when placing your order.
Knaken supports multiple payment methods, such as iDeal, which allows you to buy crypto directly or top up your Euro balance.
Check our fee page for an overview of the payment fees charged by payment providers.
It is also possible to make a bank transfer using a unique code linked to your account. With this code, you can also buy crypto periodically through an automatic transfer. Want to know more about periodic crypto purchases? Read our blog here.

Platform Fee
A small fee is charged for using our platform. This is necessary to cover the costs of facilitating the order. This is a standard rate and can also be found in our fee overview.

Exchange Fee
The purchase and sale price are determined based on the bid and ask prices. The bid price indicates the highest price a buyer is currently willing to pay. The ask price indicates the lowest price a seller is willing to sell for. These prices together form the order book. When the bid and ask prices are apart (spread), you may end up buying slightly above the market price and selling slightly below the market price. Want to know more about order books and slippage? Read our blog.
For buying and selling crypto, you pay a percentage fee (exchange fee) on the purchase or sale amount.
Check the exchange fee on our fee page.

Kickback
As Family Members, you receive a kickback when placing an order. You first pay the full amount. If your order is successful, you then receive the kickback. The exchange fee paid for executing the order will be credited back to your account. This can be higher or lower than the pre-calculated costs, depending on the result of the order.
Want to read more about Knaken Family? Read our blog here.

Crypto Withdrawal Fees
For crypto withdrawals, you pay transaction fees to the miners/validators of the respective blockchain. These costs can vary by day/hour and are passed on in the price. If you choose for expedited withdrawal, these fees will increase. The transaction fees are deducted from the crypto you withdraw.