{"id":13579,"date":"2023-07-15T07:05:27","date_gmt":"2023-07-15T07:05:27","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=13579"},"modified":"2022-07-02T02:23:14","modified_gmt":"2022-07-02T02:23:14","slug":"commissions-from-bitnovo-what-are-they-are","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are","title":{"rendered":"Bitnovo\u2019s commissions: What are they?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#what_does_bitnovo_do\" >What does Bitnovo do?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#what_commissions_does_bitnovo_charge\" >What commissions does Bitnovo charge?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#fee_bitnovo\" >Fee Bitnovo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#method_of_payment\" >Method of payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#network_commission_miners\" >Network commission (miners)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/commissions-from-bitnovo-what-are-they-are\/#examples_of_bitnovo_fees\" >Examples of Bitnovo fees<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>A very frequent question we receive at\u00a0<strong>Bitnovo<\/strong>\u00a0is about what are the\u00a0<strong>commissions or fees<\/strong>\u00a0we charge. In this short article we are going to clarify\u00a0<strong>what are the fees<\/strong>\u00a0paid at Bitnovo.<\/p>\n<p>But first of all, let\u2019s take a quick look at what Bitnovo does.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"what_does_bitnovo_do\"><\/span><strong>What does Bitnovo do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Bitnovo\u00a0<\/strong>is a company that offers\u00a0<strong>cryptocurrency services<\/strong>\u00a0such as\u00a0<strong>buying and selling<\/strong>. But unlike many other companies,\u00a0<strong>it does not operate as a cryptocurrency custodian or exchange.<\/strong><\/p>\n<p>Cryptocurrencies can be purchased both on the\u00a0<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\/\">website<\/a>\u00a0(with prior registration) and in\u00a0<strong>physical establishments or cashiers<\/strong>\u00a0through\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/this-christmas-give-cryptocurrencies-with-bitnovo-gift-cards\/\">Bitnovo coupons<\/a>\u00a0(without prior registration). Once the purchase is made, buyers receive their coins\u00a0<strong>directly to the wallet address<\/strong>\u00a0they specify,\u00a0<strong>and they fully own them.<\/strong><\/p>\n<p>Therefore, the only<strong>\u00a0profit Bitnovo makes<\/strong>\u00a0comes from charging\u00a0<strong>commissions or fees<\/strong>\u00a0when buying and selling cryptocurrencies.<\/p>\n<div id=\"image_1182030300\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son-300x205.jpg 300w\" alt=\"Comisiones en Bitnovo: Cu\u00e1les son\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_commissions_does_bitnovo_charge\"><\/span><strong>What commissions does Bitnovo charge?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before buying or selling cryptocurrencies very important that you know what are the Bitnovo commissions. I will explain them below:<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"fee_bitnovo\"><\/span>Fee Bitnovo<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The only profit or fee that Bitnovo gets for your purchase or sale of cryptocurrencies is from the\u00a0<strong>\u201crate\u201d or \u201cexchange rate\u201d<\/strong> that we offer in our platform (just above the \u201caverage price\u201d of cryptocurrencies).<br \/>\nIf you want to know the price at which you can buy each cryptocurrency in Bitnovo, you can see it<a href=\"https:\/\/www.bitnovo.com\/en\/quote-cryptocurrencies\/\">\u00a0here<\/a>. Also on the page to\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-bitcoins-online-en\">buy cryptocurrencies<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.bitnovo.com\/sell-cryptocurrencies-sepa-bank-account-en\">sell cryptocurrencies<\/a>, indicating the amount you need in our calculator, we show you<strong>\u00a0the exchange rate<\/strong>\u00a0on that amount in real time.In addition to this rate, there are associated costs that do not imply benefits for Bitnovo and that you will have to pay depending on the type of purchase you make. These are:<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"method_of_payment\"><\/span>Method of payment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Depending on the payment method you use, you may or may not have commissions:<\/p>\n<ul>\n<li><strong>Bank transfer: 0%.<\/strong><\/li>\n<li><strong>Credit \/ debit card: 1.5%.<\/strong><\/li>\n<li><strong>Coupons or vouchers (in physical or online store):\u00a0<\/strong>maximum 5% commission. This depends on the store where you make your purchase, since the percentage is the profit that the store associated with Bitnovo chooses to obtain. In many cases this percentage is less than 5%, but it will never be more than that.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"network_commission_miners\"><\/span>Network commission (miners)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Finally, you will have to pay the<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-are-network-fees\/\">\u00a0network commission<\/a>\u00a0(also called\u00a0<strong>miner fee<\/strong>)\u00a0<strong>which also does not depend on Bitnovo<\/strong>. This is the commission to be paid to the\u00a0<strong>network miners<\/strong>\u00a0for issuing the transaction and varies depending on the situation or moment. These will be higher if there is a lot of use of the network and very low otherwise, but are\u00a0<strong>unrelated to Bitnovo.<\/strong><\/p>\n<p>To\u00a0<strong>check the network fee<\/strong>\u00a0at any given time I recommend looking at\u00a0<a href=\"https:\/\/mempool.space\/es\/\">mempool.space<\/a>\u00a0(Bitcoin network) and\u00a0<a href=\"https:\/\/ethgasstation.info\/\">ethgasstation.info<\/a>\u00a0(Ethereum network). You can find more information about network fees\u00a0<strong>here<\/strong>.<\/p>\n<p>However, when network fees are high, we will display a\u00a0<strong>\u201chigh network fees\u201d warning on our website or app,<\/strong>\u00a0so that you do not incur unnecessary expenses.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-21724 size-full lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09.png\" sizes=\"(max-width: 550px) 100vw, 550px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09.png 550w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09-300x219.png 300w\" alt=\"advertencia-comisiones-altas-bitnovo\" width=\"550\" height=\"402\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09.png 550w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09-300x219.png 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Captura-de-pantalla-2021-08-13-a-las-12.05.09.png\" data-sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/p>\n<p><strong>Users of other exchanges<\/strong>\u00a0do not have to pay network fees to buy cryptocurrencies, but don\u2019t be fooled, because you will have to do so when you withdraw funds from the exchange.<\/p>\n<p>As we expose in\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/why-do-we-choose-not-to-be-a-cryptocurrency-custodian\/\">this article,<\/a>\u00a0Bitnovo considers it essential that you take your funds out of the exchanges, as it is a very\u00a0<strong>bad decision<\/strong>\u00a0to leave your money in centralized platforms.<\/p>\n<p>Here are some\u00a0<strong>examples of how commissions work in Bitnovo.<\/strong><\/p>\n<div id=\"image_405076759\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1-300x205.jpg 300w\" alt=\"Comisiones en Bitnovo: Cu\u00e1les son\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/08\/Comisiones-en-Bitnovo-cuales-son1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"examples_of_bitnovo_fees\"><\/span><strong>Examples of Bitnovo fees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To be even clearer, let\u2019s look at some examples of Bitnovo purchases and calculate the commissions to be paid.<\/p>\n<ul>\n<li><strong>Purchase through the web:<br \/>\n<\/strong>If a user buys cryptocurrencies on our\u00a0<a href=\"https:\/\/www.bitnovo.com\/\">website<\/a>\u00a0via bank transfer, he\/she will only pay the<strong>\u00a0Bitnovo exchange rate + network commissions.\u00a0 In case of buying cryptocurrencies<\/strong>\u00a0by credit or debit card, you will have to add a\u00a0<strong>1.5% commission to that.<br \/>\n<\/strong><\/li>\n<li><strong>Purchase with coupons or ATM:<br \/>\n<\/strong>In case you buy a voucher with cash or card in physical or virtual store (without registration), you will pay\u00a0<strong>Bitnovo\u2019s exchange rate<\/strong>\u00a0+\u00a0<strong>merchant commission<\/strong>\u00a0(maximum 5%) +\u00a0<strong>mining commission<\/strong>.As we have said, the merchant commission may vary, and in many cases it is\u00a0<strong>less than 5%.<\/strong><br \/>\nThe same calculation we did with the coupons also applies to<strong>\u00a0Bitnovo ATMs.<\/strong><\/li>\n<\/ul>\n<p>I hope this makes it pretty clear how Bitnovo\u2019s commissions work. In case you still have any questions, remember that you can<a href=\"https:\/\/www.bitnovo.com\/contact-us-en\">\u00a0contact our support team<\/a>\u00a0available 7 days a week to answer your queries in English, Spanish, Italian or French.<\/p>\n<p>Thank you very much for reading and we hope you found this article useful!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>A very frequent question we receive at\u00a0Bitnovo\u00a0is about what are the\u00a0commissions or fees\u00a0we charge. In this short article we are going to clarify\u00a0what are the fees\u00a0paid at Bitnovo. But first of all, let\u2019s take a quick look at what Bitnovo does. What does Bitnovo do? Bitnovo\u00a0is a company that offers\u00a0cryptocurrency services\u00a0such as\u00a0buying and selling. But [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-13579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/13579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=13579"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/13579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/13580"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=13579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=13579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=13579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}