Network fees and suggested minimal amounts
Dear our customers! We always strive to let you take the most advantage from cryptocurrencies. To get the smoothest experience with Changelly, it’s important to know about fees and currency fluctuations. This tiny article will help you to get to know exchange process better and accurately calculate the amount to exchange.
Some of our users have faced to an issue when the amount they’ve sent after all fees taken becomes too low to be processed. As a result a transaction fails, the money is gone, and we cannot refund the amount due to the fees. To avoid a misunderstanding you should know about the fees, how and when they are taken.
Network fees are fixed and taken each time wherever money is sent. Each currency has its strict amount taken for operations. This fee is taken when your money is included into a blockchain. Changelly doesn’t influence or regulates these fees.
Every crypto rate rises and drops. The more volatile a crypto is, the more it’ll affect the final rate, especially when you are going to convert a large amount.
There is no secret that Changelly charges 0.5% commission for each transaction. It’s charged after an exchange process is finished, but before your money is sent to a recipient’s address.
Now, let’s get down to the case to make things clear.
John wants to exchange 20 XMR to BTC. To do that, John goes to the homepage, types the amount he wants to exchange on the left and see the estimated BTC amount on the right (0.39 BTC), follows the instructions given and sends 20 XMR to the address provided by Changelly.
In fact Changelly receives only 19.9 XMR from John. 0.1 XMR remained is called a network transaction fee. It is taken once your money is successfully sent to our wallet. In this case, the network fee is taken by the Monero blockchain.
While waiting a payment confirmation (5-20 minutes), the rates may rise and drop. After we receive the payment, we exchange money instantly at the best rate at the given moment. As Monero’s rate has been risen, instead of 0.39 BTC, John gets 0.41 BTC.
The process is finished, and now the exchanged money (0.41 BTC) should be sent to John’s wallet. This is the moment, when Changelly charges the commission 0,5%. After the commission taken, 0.40 BTC is the amount remained. AWhile sending, the Bitcoin blockchain charges 0.0002 BTC for the transaction. After the confirmation (5-20 minutes), John will get 0.3998 BTC to his wallet.
To sum up
According to the fees, we’ve made a table of cryptocurrency network fees and a minimal amount suggested, so you can look it up and make sure that your money is enough to be exchanged. The rates were calculated according to an exchange to BTC, the network fees and possible fluctuation. These are approximate rates. It’s still highly recommended for you to calculate your amount first and include in it the network fee of the coin you want to exchange.
|Cryptocurrency name||Network fee||Suggested minimal amount||0x||0.005 ZRX||85.78672923 ZRX|
|1st Blood||0.01 1ST||52.12622906 1ST|
|AdEx||0.01 ADX||31.9457 ADX|
|Ardor||1 ARDR||77 ARDR|
|Augur||0.01 REP||0.48 REP|
|Basic Attention Token||0.01 BAT||81.43850006 BAT|
|Bancor Network Token||0.01 BNT||4.21153386 BNT|
|Bitcoin||from 0.00085 BTC*||0.004 BTC|
|Bitcoin Cash||0.031 BCC*||0.0018 BCC|
|Byteball||0.002 GBYTE||0.015 GBYTE|
|Bytecoin||0.01 BCN||6707 BCN|
|Chronobank||0.1 TIME||0.63 TIME|
|Darcrus||2 DAR||26.29078807 DAR|
|Dash||0.02 DASH||0.063 DASH|
|Decred||0.03 DCR||0.33500838 DCR|
|DigitalNote||0.001 XDN||3630 XDN|
|DigitaxDAO||0.01 DGD||0.14083155 DGD|
|Doge Coin||1 DOGE||6228 DOGE|
|Edgeless||0.01 EOS||27 EOS|
|EOS||1 EDG||30.09135114 EOS|
|Ethereum||0.00042 ETH||0.049 ETH|
|Ethereum Classic||0.00042 ETC||0.75 ETC|
|Expanse||0.00042 EXP||5.08 EXP|
|FantomCoin||0.00001 FCN||179 FCN|
|GameCredits||0.01 GAME||3.18139739 GAME|
|Golem||0.01 GNT||23.00785928 GNT|
|Golos||0 GOLOS||111.953 GOLOS|
|Golos Gold||0 GBG||68.233 GBG|
|Gnosis||0.01 GNO||0.05896793 GNO|
|Gulden||0.2 NLG||12.4 NLG|
|Guppy||0.1 GUP||40.202 GUP|
|iEx.ec||0.01 RLC||18.63196492 RLC|
|LBRY||0.01 LBC||14.8 LBC|
|Lisk||0.1 LSK||5.02 LSK|
|Litecoin||0.003 LTC||0.27 LTC|
|Lunyr||0.01 LUN||4.0310944 LUN|
|Melon||0.003 MLN||0.16500782 MLN|
|Metal||0.01 MTL||2.10142136 MTL|
|MaidSafeCoin||10 MAID||27 MAID|
|Monero||0.1 XMR||0.3 XMR|
|NAV Coin||0.001 NAV||9.9 NAV|
|NEO||0 NEO||2 NAV|
|NEM||3 XEM||78 XEM|
|Next||1 NXT||96 NXT|
|NuBits||0.02 NBT||13.22 NBT|
|OmiseGo||0.01 OMG||1.86685338 OMG|
|PIVX||0.0001646 PIVX||5.85205085 PIVX|
|PotCoin||0.01 POT||265.97450358 POT|
|Qtum||0.01 QTUM||2.13672818 QTUM|
|QuazarCoin||0.005 QCN||635 QCN|
|Radium||0.0002 RADS||2.531 RADS|
|Ripple||0.000012 XRP||52 XRP|
|SingularDTV||1 SNGLS||62 SNGLS|
|Steem||0 STEEM||7.229 STEEM|
|Steem Dollars||0 SBD||10 SBD|
|Status||0.01 SNT||267.51360764 SNT|
|Stellar||0.00001 STR(XLM)||383.8637633 STR (XLM)|
|Stratis||0.1 STRAT||12 STRAT|
|Synereo||20 AMP||7 AMP|
|Syscoin||0.02 SYS||60.21579902 SYS|
|TenX||0.01 PAY||9.17947873 PAY|
|Tether||1 USDT||10.03819096 USDT|
|Trustcoin||0.01 TRST||42.779439 TRST|
|Waves||0.001 WAVES||2.71308442 WAVES|
|Wings DAO||0.01 WINGS||27.10124749 WINGS|
|Wings DAO||0.01 WINGS||27.10124749 WINGS|
|Xaurum||0.1 XAUR||43.75727838 XAUR|
|Zcash||0.0001 ZEC||0.046 ZEC|
*Dynamic network fee. The actual amount of a network fee depends on the amount being sent and the load of the bitcoin blockchain.
All the minimal rates are stated against BTC.