Understanding Fees for Slash Crypto

Overview

For eligible users, Slash enables you to send USDC and USDT from your account. An on-ramp converts USD into a stablecoin for an outgoing payment; an off-ramp converts an incoming stablecoin into USD. Each of those conversions has a small platform processing fee associated with it; below, we detail where the fees come from and how you can view them.

Incoming and outgoing crypto transaction fees

Slash charges a flat 1.5% fee for supported USDC and USDT on-ramps and off-ramps. The fee is based on the amount converted.

• On-ramp: Slash converts USD from your selected account into USDC or USDT and sends it to the recipient’s external wallet. Review the amount, fee, network, address, and total before confirming.
• Off-ramp: A payer sends USDC or USDT to the deposit address shown in Slash. The on/off-ramp provider converts the stablecoin into USD. Slash then credits the USD proceeds to your account and records the applicable fee separately.

Where to view applicable fees

Before sending a crypto payment through Slash, your dashboard will clearly list all associated fees with the transfer for your review in a side-panel to the left.

If you want to see fee details after a payment is sent, or if you want to see applicable fees for a crypto payment you received, open the transaction details from your transaction history to view the amount and fees associated with it.

Do I pay gas fees?

No. Slash covers blockchain gas fees for crypto transactions completed through Slash. Gas is the network cost required to process a transaction on a blockchain, but it is not charged to you as a separate Slash fee.

You do not need to keep another token, such as ETH, SOL, or POL, in your Slash account to pay for gas.

Why do crypto payments ask for a bank transfer method?

There are three separate parts to an incoming stablecoin payment:

1. Blockchain receipt: The payer sends the selected stablecoin on the selected network to the address shown in Slash.
2. Off-ramp conversion: The on/off-ramp provider converts the stablecoin into USD. ACH, wire, or instant does not perform this conversion.
3. USD payout and fee collection: The selected ACH, wire, or instant rail delivers the converted USD to the selected Slash account. Slash collects the conversion fee and any disclosed method fee separately from the resulting USD balance.

In other words, the bank-transfer option is how the converted USD is paid into your Slash account. The fee is a separate charge against the USD balance. Because a deposit address can change depending on the destination payout rail you choose, selecting one up-front ensures that funds tie to your Slash account correctly.

Need more help?

If you have questions about a crypto transaction or the fee shown in your account, use the in-app chat in your Slash dashboard to contact support.