Remitano Fees: A Detailed Look at Trading, Deposit and Withdrawal Charges
Remitano is a popular peer-to-peer cryptocurrency marketplace that allows buyers and sellers to trade crypto securely.
When using any cryptocurrency exchange, one of the most important factors for users is the fee structure.
In this article, we take an in-depth look at all the Remitano fees for deposits, trading, withdrawals, and other services.
Remitano Fees for Buyers and Sellers
Remitano utilizes a maker-taker fee model.
This means fees are structured to encourage liquidity in the marketplace.
No Fees for Buyers
One of the biggest advantages of Remitano is that there are no fees at all for buyers of crypto.
You can buy Bitcoin, Ethereum, USDT, and other coins completely free of charge.
This makes it easy for newcomers to crypto to purchase their first coins without incurring any fees.
Low Fees for Sellers
For sellers, Remitano charges a competitive fee starting from just 0.5%.
This is lower than the fees charged by most other P2P platforms.
Seller fees can be further reduced based on account verification level:
- Unverified accounts: 0.5%
- Verified accounts: 0.3%
- Fully verified accounts: 0.2%
So fully verified sellers pay the lowest fees on Remitano.
Remitano Fees for Deposits and Withdrawals
No Deposit or Withdrawal Fees
Remitano does not charge any fees for deposits or withdrawals on the platform.
You can deposit and withdraw NGN or cryptocurrencies completely free of charge.
The only potential fees are minor bank charges that may be incurred for NGN withdrawals, depending on which bank is used to process the transfer.
But Remitano itself does not deduct any fees.
Low Withdrawal Fees for Bitcoin
The only withdrawal fee is for Bitcoin.
A miner fee of 0.002 BTC is deducted from Bitcoin withdrawals.
This is needed to process the withdrawal on the Bitcoin blockchain.
No withdrawal fees apply for other coins.
Trading Fees on Remitano P2P
The main Remitano platform utilizes a peer-to-peer structure for buying and selling crypto.
Users can create buy or sell listings which other users can match.
The trading fee on Remitano P2P is 1% of the total transaction amount.
This fee is automatically deducted when an order is matched successfully.
For example, if you sell 1 BTC for ₦7,000, the 1% trading fee would be ₦70.
This fee is already included in the price shown to buyers.
So buyers don’t pay any extra charges beyond the listed price.
Fees for Remitano Swap
In addition to P2P trading, Remitano also offers an exchange-like Swap feature.
Swap allows users to trade instantly between supported pairs.
Trading fees on Swap depend on the specific currency pair:
- For trades at market price, fees range from 0.07% to 0.75%.
- For limit trades placed at a custom price, the fee is 0.25% for all pairs.
Swap fees are clearly displayed before confirming any trades. There are no hidden swap fees.
Remitano Swing Fees
Remitano Swing allows up to 2x leverage margin trading on supported crypto pairs.
Swing charges an annualized interest rate of 9% for borrowed funds.
There are no other trading fees for Swing beyond the interest charge.
Quick Buy/Sell Fees
Remitano offers a Quick Buy and Quick Sell feature which allows buying crypto instantly with a credit/debit card or bank transfer.
The Quick Buy/Sell fee depends on the currency:
- 0.75% for trades between fiat and stablecoins like USDT
- 0.75% to 1% for trades between fiat and other cryptocurrencies
So Quick Buy/Sell charges a slightly higher convenience fee for the instant settlement, compared to standard P2P trading.
Summary of Key Remitano Fees
Here is a quick summary of the main Remitano fees:
- P2P Trading: 1%
- Swap Trading: 0.07% to 0.75%
- Quick Buy/Sell: 0.75% to 1%
- Deposits: None
- Withdrawals: None (0.002 BTC for BTC)
Overall, Remitano offers very competitive fees compared to other crypto platforms.
The maker-taker model and zero buyer fees make it easy to start trading with minimal charges.
FAQs on Remitano Fees
What are the fees for buying crypto on Remitano?
There are no fees for buying crypto on Remitano.
Buying Bitcoin and other cryptocurrencies is completely free for buyers.
What are the fees for selling crypto on Remitano?
Seller fees start from 0.5% and reduce based on account verification level.
Fully verified sellers pay only 0.2% in fees.
Does Remitano charge deposit or withdrawal fees?
No, Remitano does not charge any deposit or withdrawal fees.
You can deposit and withdraw for free.