The base rate for trading fees on Metal Pay is 2% for all sales, and purchases of coins other than BTC, MTL, XPR and USDC.
- BTC has a 1% fee for buying.
- MTL and XPR have a 0.5% fee for buying.
- USDC has 0% fees for buying with fiat and crypto, 0% for selling to crypto and 5% for selling to fiat. (Selling to fiat is temporarily unavailable at this time)
Keep in mind that if you're purchasing crypto with a debit card, you will also incur an added fiat deposit fee (click here to learn more).
Holding Metal (MTL) gives you a fee reduction when buying and selling cryptocurrency in proportion to your in-app MTL balance:
- If you hold 2,000 MTL you'll get a 25% trading fee discount.
- If you hold 4,000 MTL you'll get a 50% trading fee discount.
- If you hold 10,000 MTL you'll pay 0% trade fees.