Understanding Pricing and Fees When Buying or Selling Crypto

When you buy or sell crypto through SecondFi using our partner Banxa, the final price you see is calculated based on the current market rate plus applicable fees.

To ensure full transparency, here is a breakdown of how the final price is determined and what fees may apply to your transaction.

1. The Exchange Rate (Spread)

The base price of the crypto asset is obtained from independent pricing providers. Banxa then applies a spread to quote the final price to buy or sell.

The spread is typically between 2% and 4%. This fee is embedded directly into the exchange rate shown to you during the order process and covers the cost of providing the fiat-to-crypto exchange service.

2. Network Fees (Buy Transactions Only)

When you buy crypto, a network fee (also known as a gas fee) is charged to cover the cost of validating the transaction on the blockchain and transferring the asset to your wallet.

This fee fluctuates based on network congestion and the specific blockchain you are using. It is displayed as a separate line item during checkout.

3. Processing Fees

A payment processing fee is applied by Banxa to cover the costs associated with specific payment methods:

• Card & Apple Pay (Buy only): A 1.99% processing fee applies. Note that card payouts are not available for sell (offramp) transactions.
• Bank Transfers (Buy & Sell): Usually 0% processing fee.

Want to spend your crypto with a card instead of selling it? The SecondFi Card lets you spend your crypto balance directly anywhere Visa is accepted. Learn more about the SecondFi Card.

Note: Your personal bank or financial institution may charge their own separate fees for international transactions. These are outside of SecondFi and Banxa's control.

When is the price final?

The final amount of crypto you will receive (when buying) or fiat you will receive (when selling) is always clearly displayed on the final checkout screen before you confirm payment.

In rare cases where the market price moves significantly between the time you place the order and the time payment is received, Banxa will contact you to confirm whether you wish to proceed at the new prevailing market price or cancel the order for a full refund.

Further reading: For a full breakdown of how Banxa determines cryptocurrency prices and applies fees, see How does Banxa set the price of cryptocurrency?

Updated on: 05/06/2026