As a company, we need to charge fees & spread for the service we provide to ensure that we can continue to grow sustainably.
We're at the early stages of our journey, and just like our product, we're expecting our fees & spread to improve over time. Here's a full breakdown of the fees & spread associated with the service:
Type | Fees |
Deposit USDC | $0 |
Withdraw USDC | $0 |
Buy USDC with cash | 1% (FX spread) + 0.38% (IOF) |
Sell USDC for cash | 1% (FX spread) + 0.38% (IOF) |
Send to a Velo user | $0 |