Understanding Fees for Slash Crypto

Overview

Slash lets you convert between cryptocurrency (USDC and USDT) and US dollars natively in-app using on- and off-ramps. This article explains the fees you may encounter when using Slash Crypto and how they are calculated.

Types of Fees

When you deposit or withdraw crypto through Slash, you may see several types of fees depending on your transaction.

• On/off-ramp fee: The primary fee charged when converting cryptocurrency to USD. This fee is calculated as a percentage of your transaction amount based on your pricing tier.
• Method fee: If you choose to receive funds via ACH or wire transfer instead of keeping them in your Slash account, an additional method fee applies. On the free plan, ACH transfers are $1, while domestic wire transfers are $6; with Slash Pro, domestic ACH and wire transfers charge $0 in fees.
• Instant deposit fee: If you opt for instant credit (receiving USD immediately while your crypto settlement processes), an additional fee may apply depending on your account settings.

How On- and Off-Ramp Fees Are Calculated

Slash uses volume-based tiered pricing for crypto off-ramp fees. Your fee rate decreases as your monthly transaction volume increases.

Generally, you can expect on/off ramp fees to be less than 1% of the total transaction price for both USDC and USDT.

The specific rates vary by account. To view your current fee schedule, navigate to your transaction history or contact your account manager.

Where to View Your Fees

From your main dashboard, locate the crypto transaction and click to open the transaction detail view. The transaction detail panel displays your fee breakdown, including the off-ramp fee percentage and any additional method fees.

Fees are calculated and displayed at the time of your transaction. For tiered pricing, your rate is determined by your cumulative monthly volume at the moment you initiate the transaction.

Need More Help?

If you have questions about your specific fee structure or notice any discrepancies in your fee calculations, contact support@slash.com, or use the in-app chat in your Slash dashboard.