TARIEVEN / FEE SCHEDULES

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Table of Contents

Trading Fee Schedule

Last updated September 04, 2020

Trading fees are based on a tiered schedule.

You will pay the price of the first Level (L1). At the end of the month, we will calculate the actual level of your trading volume. The fees paid on top of the L1 discount, will be received as rebate on the first day of the next calendar month.

LEVEL START LEVEL LEVEL HIGH Transaction fee
L1 € 0 € 1.000.000,00 1.00% – 100BPS
L2 € 1.000.000,00 € 2.500.000,00 0.50% – 50BPS
L3 € 2.500.000,00 € 5.000.000,00 0.40% – 40BPS
L4 € 5.000.000,00 € 10.000.000,00 0.35% – 35BPS
L5 € 10.000.000,00 € 20.000.000,00 0.30% – 30BPS
L6 € 20.000.000,00 € 50.000.000,00 0.25% – 25BPS
L7 € 50.000.000,00 And over 0.20% – 20BPS

 

Trade Examples

Order Buy example

Peter wants to buy €125.000 Euro for BTC. The prevailing AMDAX market price of BTC is €8.000. On his platform, Peter is provided a Quoted Price of €8.080, which includes the 1.00% (100BPS) of fees. Peter receives (125.000/8.080) 15,4703 BTC. This transaction includes €1.250 in fees.

Order Sell example

Peter wants to sell 15 BTC for Euro. The prevailing AMDAX market price of BTC is €9.000. On his platform, Peter is provided a Quoted Price of €8.910, which includes the 1.00% (100BPS) in the spread. Peter receives (15 * 8.910) €133.650. This transaction includes €1.350 in fees.

Rebate example

Rebate and trading fees example

Peter trades 4 million in one month. He pays 100 BPS per trade during the month. Peter ended the month in discount level L3. He has the right for a rebate on the volume he did in L2 and L3.

  • Paid fees during the month: 
    • 100BPS x 4.000.000 = € 40.000
  • Actual fees based on volume:
    • 100BPS x 1.000.000 = € 10.000
    • 50BPS x 2.500.000 = € 12.500
    • 40BPS x 500.000 = € 2.000
    • Total: € 24.500

On the first day of the next calendar month, Peter will receive a rebate of (40.000 – 24.500) € 15.500 added to the fiat balance. Peter paid an average of 38,75 BPS during that last given month.

Transaction Fee Denominations

  • Order book: BTC/EUR, ETH/EUR
  • Transaction fee denomination: EUR
 

Notice of Changes

Any change to our Trading Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.

Any transfer initiated after the effective date indicated in such notice will be subject to the new Trading Fee Schedule and you will be deemed to have agreed to the new Trading Fee Scheduled by continuing to use our services.

Custody Fee Schedule

Last updated September 04, 2020

Fiat

Bank Account

Fiat Account Fee (EURO and other currencies) 1.00 % on EURO holdings per annum [i]
Minimum Balance None
Setup Fee FREE

[i] Fees are annualized and include VAT. Fees are deducted monthly from your fiat account.

Digital Assets

Standard Vault

Standard Custody Fee (Digital Assets, incl. Stable Coins) 1.00 % on Assets Under Custody per annum [ii]
Minimum Balance None
Setup Fee FREE

Standard Vault with AMDAX Custody Insurance

Standard Custody Fee with Insurance 1.50 % on Assets Under Custody per annum [ii]
Minimum Balance None
Setup Fee FREE

Private Vault with Customizable Governance and AMDAX Custody Insurance

Private Custody Fee with Insurance 1.00 % on Assets Under Custody per annum [ii]
Setup Fee € 950 euro [iii]
Governance Management € 500 euro per month [iii]

[ii] Fees are annualized and include VAT. Fees are deducted monthly from your the respective digital assets held in your Custody Account.
[iii] excluding VAT.

Notice of Changes

Any change to our Custody Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.

Transfer Fee Schedule

Last updated June 16, 2020

Deposit Fees

DEPOSIT TYPE COST PER DEPOSIT
Bitcoin, Ether FREE
Fiat transfer FREE [i]

[i] Your bank may charge you a fee to wire money into your AMDAX account.

Withdrawal Fees (individual clients)

WITHDRAWAL TYPE COST PER WITHDRAWAL
(≤ 10 withdrawals per calendar month)
COST PER WITHDRAWAL
(> 10 withdrawals per calendar month)
Bitcoin FREE 0.001 BTC [ii]
Ether FREE 0.001 ETH
Fiat transfer FREE FREE

[ii] BTC withdrawals in excess of 100 per month may be subject to additional fees.

Withdrawal Fees (institutional clients)

WITHDRAWAL TYPE COST PER WITHDRAWAL
(≤ 50 withdrawals per calendar month)
COST PER WITHDRAWAL
(> 50 withdrawals per calendar month)
Bitcoin FREE 0.01 BTC [ii]
Ether FREE 0.01 ETH
Fiat transfer FREE FREE

[ii] BTC withdrawals in excess of 100 per month may be subject to additional fees.

Notice of Changes

Any change to our Transfer Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.

Any transfer initiated after the effective date indicated in such notice will be subject to the new Transfer Fee Schedule and you will be deemed to have agreed to the new Transfer Fee Scheduled by continuing to use our services.

Asset Management Strategies Fee Schedule

Last updated September 04, 2020

AMS Costs

Setup fee FREE
Minimum Balance 25.000 euro (or corresponding value in crypto) per Strategy
Management Fee 1.00 % on Assets Under Custody (AUC) of the given Strategy per annum
Performance Fee None
Custody Costs According to Custody Fee Schedule, respecting selected configuration.
Trading Costs According to Tiered Trading Fee Schedule

Notice of Changes

Any change to our AMS Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.

Private Investment Management Fee Schedule

Last updated September 04, 2020

PIM Costs

Setup fee € 950 euro [i]
Management Fee 2.00 % on Assets Under Management (AUM) per annum [ii]
Performance Fee 20,0% with High Water Mark [ii]

Custody Costs

Clients contracting Private Investment Management, will always receive
Standard Custody with Insurance.

1.00% on Assets Under Custody (AUC) per annum [ii]

Trading Costs

According to Tiered Trading Fee Schedule.

Clients will pay transaction fee’s according to L3 and up.

[i] Excluding VAT.
[ii] Fee excludes VAT. Fee is deducted monthly from the respective digital assets held in your Custody Account.

Notice of Changes

Any change to our PIM Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30 calendar days, subject to any shorter period of time that may be required by applicable law or regulation.