Transaction Fees
Last Updated: December 1st, 2023
Transaction Fees
All transctions incur a 2.5% fee.
Reduced fees are available with increased transaction volumes.
Transaction Times
| METHOD | TIME |
|---|---|
| Wire Transfer | 1-3 Business Days |
| ACH Transfer | 3-5 Business Days |
| Crypto Transfer | Instant |
Cash Transfer Fees
Cash Deposit Fees
| METHOD | FEE |
|---|---|
| USD Wire Transfer | Free |
| ACH Transfer | On Request |
| Card Transfer | Coming Soon |
Your bank may charge a fee to send wire transfers. To request ACH and Card transfers Contact Us Here.
Cash Withdrawal Fees
| METHOD | FEE |
|---|---|
| USD Wire Transfer | $35 |
| ACH Transfer | Free |
Your bank may charge a fee to receive wire transfers.
Crypto Transfer Fees
Crypto Deposit Fees
There are no fees to deposit crypto.
Crypto Withdrawal Fees (Gas Fees)
When withdrawing crypto to an external wallet, users pay a dynamic gas fee. Dynamic gas fees are intended to cover network fees paid to blockchain miners. For example, on the Ethereum network, network fees are known as gas fees and are paid in ETH (read more about gas fees here). Miners process crypto transactions and secure the network on which those transactions are processed. Thus, network fees vary over time based on network activity.
Dynamic gas fees are structured to correspond with current network fees to mitigate overcharging or undercharging you. Abyiss does not pocket the fee. You agree and understand that dynamic gas fees will instead be determined by the then-current network, gas, or similar fee corresponding to your selected crypto and will be displayed to you prior to the initiation of your withdrawal.
For ERC-20 token withdrawals, users pay gas fees denominated in the crypto being withdrawn. Abyiss will cover the cost of converting the corresponding ERC-20 token to ETH.
Notice of Changes
A change to our Transfer Fee Schedule that involves fiat transfer fees or crypto deposit fees will be posted for at least three calendar days before such change takes effect and no change will be in effect for less than 30 calendar days.
However, due to natural and frequent fluctuations in network and gas fees, any change to our Transfer Fee Schedule involving dynamic crypto withdrawal fees will not be posted for at least three calendar days before it takes effect and the change will not be in effect for at least 30 calendar days. You agree and understand that dynamic crypto withdrawal fees will instead be determined by the then-current network, gas, or similar fee corresponding to your selected crypto and will be displayed to you prior to the initiation of your withdrawal. As such, dynamic crypto withdrawal fees change often and are effective immediately. Please review the fee before initiating your crypto withdrawal.
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.