How does Peanut manage Fees?
Peanut may charge a small fee for certain transactions. These fees can include a percentage of the transaction amount and may apply to currency conversions or off-ramp transactions. All fees will be clearly disclosed to users before each transaction.
To ensure a smooth and enjoyable experience, Peanut currently covers the fees for many transactions. So, if your transaction appears to have no fees associated with it, Peanut is likely sponsoring that transaction!
The fees and charges currently involved on Peanut are as follows:
Network Cost fee
Network fees are a small cost associated with sending cryptocurrency on a blockchain. These fees can change based on how busy the network is at the time.
Peanut will provide an estimate of the network fee for each transaction before you confirm it.
Slippage
In Peanut, slippage can happen when you're exchanging cryptocurrency between different blockchain tokens. To protect users from significant price changes, Peanut enforces a safety limit called “Maximum Slippage.” The maximum allowable slippage is usually 0.40% per transaction, and never more than 2%.
Peanut features and fees
Send: network cost fee is charged.
Claim: network fees are sponsored by Peanut, but slippage may apply.
Request: no fee is charged on creation. On payment, gas, slippage may apply.
Cashout: for ACH transactions a flat fee of $0.50 is charged. For SEPA transactions a flat fee of $1 is charged, in addtion of 0.20% for both. There is also gas fee and potentially slippage fee.
Integration fees
If you’re using peanut contracts, SDK, API, or in your own app, reach out to us for pricing