About Byecoin Fees
Transparency is our priority. That’s why we explain here exactly what you pay when buying Bitcoin or Ethereum via Byecoin.
Whether you do that with cash at one of our ATMs, or at home via iDEAL in the app.
Buying Bitcoin or Ethereum with Cash
Byecoin ATMs
The following costs apply for purchases with cash:
- Bitcoin (BTC):
Fee: 10% of the purchase amount
Transfer fee: €10-35 per transaction (varies with transaction costs)
ATM out: when fixed surcharge exceeds 35, the ATM goes offline - Ethereum (ETH):
Fee: 10% of the purchase amount
Transfer fee: €10-35 per transaction (varies with transaction costs)
ATM out: when fixed surcharge exceeds 35, the ATM goes offline
Byecoin App
The following costs apply for purchases with iDEAL:
- Bitcoin (BTC):
Fee: 2.5% of the purchase amount
Transfer fee: €5+ per transaction (varies with transaction costs)
The additional costs such as network costs or operational costs are included in the transfer fee and are not charged separately.
Depending on network congestion, which can cause network fees to increase, the transfer fee may be temporarily increased. This happens in increments of 5 euros, and on the ATM this goes up to 35 euros, after which the ATM automatically goes offline until network fees are lower. In the app it also scales beyond 35 euros, for iDEAL payments.
The costs of buying with cash are slightly higher than with iDEAL. That’s because we need to process cash-in flows carefully via our logistics partners, compensate locations, and handle all transactions securely and compliantly.
You pay extra for convenience, speed, and immediate delivery to your own wallet, without an intermediary.
Including all costs – no small print
The prices you see on the screen (in the app or at the ATM) are all-in.
There are no additional blockchain fees, network fees, or surprises.
Also, the exchange rate is always retrieved live at the time of your purchase, so you know exactly what you’re getting.
Risk Warning
Note: Crypto assets fall outside the supervision of the AFM.
The value can fluctuate significantly. You risk losing (part of) your investment.
Crypto assets are not suitable for everyone. Only use money you can afford to lose, and make sure you understand how crypto works before making purchases.
Remarks
- We only offer non-custodial wallets. You manage your own wallet and keys..
- There are no hidden costs or recurring subscriptions
- The current exchange rate is based on market data.
- If the network fees of Bitcoin or Ethereum are high, then the fixed surcharge may be increased to a maximum of 35 euros. If the fees are temporarily extremely high, the service may be temporarily paused.
Calculate Yourself
To calculate the amount of bitcoin (or ethereum) you will receive, or what the euro value of the purchase is, you can use the following formulas:
Purchased amount BTC/ETH
= (amountSpent – transferFee) / (btcethPrice * (100 + percentageFeePct) / 100)
Purchased EUR value
= (amountSpent – transferFee) / ((100 + percentageFeePct) / 100)
amountSpent: Euros spent on the purchase
btcethPrice: BTC/ETH price in Euro at the time of the transaction
percentageFeePct: Byecoin fee (10%)
transferFee: The fee that covers additional network and handling cost.
