Pricing Policy

Introduction

BLOX provides you with an environment where you can buy and sell crypto. You can use the BLOX platform with either a Custody Account or an Earn Account. For more information about these accounts, BLOX refers you to the information page.

BLOX charges fees for the services it provides to you. We aim to offer our customers the best possible service at a fair and transparent price. This document explains our pricing policy, including the fees that apply to our services.

Quoting

There isn’t a single price for crypto. Each liquidity provider has different prices for crypto. BLOX generates a reference price by using one or more liquidity providers and a price guarantee markup to offer you a good and market-conforming price.

The price obtained by BLOX from liquidity providers is adjusted with a price guarantee markup. This markup is determined per cryptocurrency. Several factors are taken into account when setting the price guarantee markup, including the volatility of the cryptocurrency, the depth of the order book, and the trading volume.

Based on these risk factors, the price guarantee markup is generally between 50 and 100 basis points. In exceptional market conditions, BLOX reserves the right to temporarily increase this markup to up to 250 basis points. Such exceptional circumstances may occur, for example, when there is very limited activity and/or liquidity for a specific cryptocurrency.

You will always be informed when such exceptional market conditions apply, so you know the costs associated with your crypto at that moment.

Transaction fees are added to this reference price to determine your final quote. These transaction fees amount to 0.25% of the quoted amount for both a Custody Account and an Earn Account.

The reference price is discounted in the quote provided. Transaction fees are charged separately upon settlement. This is clearly and transparently indicated during the transaction process, prior to your payment.

An example:

• You want to buy BTC for € 100,-.
• Based on the information from our carefully selected liquidity providers, we determine the current price for BTC and convert it into an amount in euros.
• We calculate the price guarantee spread between 50 and 100 basis points and thus determine your reference price.
• We add the transaction costs of 0.25% to determine your final quote.
• You will receive between €98.75 and €99.25 in your vault, depending on the currently applicable price guarantee surcharge.

Earn Account

If you have chosen an Earn Account to generate returns on your crypto, you will receive the fee determined at that time. This fixed fee may change from time to time. BLOX will communicate these changes to you in a timely manner, so that you can make an informed decision about your Earn Account.

At the moment you decide to use an Earn Account, you enter into a loan agreement with BLOX Earn. BLOX Earn conducts risk management on the crypto you have provided to BLOX Earn to generate yield on this crypto.

You receive the agreed-upon return on the crypto you make available. This return is the fixed fee you receive and is displayed in the BLOX app and on the BLOX website. BLOX and BLOX Earn do not deduct any direct costs from the return agreed with you.

BLOX Earn itself aims to generate a higher return on the crypto you have provided to BLOX Earn than the return agreed upon with you. These proceeds are used, among other things, to cover BLOX Earn’s operational costs. If the return that BLOX Earn receives is higher than the return agreed upon with you, this difference is split between BLOX Earn and BLOX. Depending on market conditions, this can amount to up to 80 percent of the achieved annual return. In this way, BLOX and BLOX Earn seek to realize a return on the crypto you have provided that aligns with BLOX Earn’s risk management. These (implicit) costs in no way affect the return agreed upon with you, which you can find in the BLOX app and on the BLOX website.

An example:

• You are using the Earn Account and have 1 BTC.
• Your BTC is automatically made available to BLOX Earn.
• For the BTC made available, you will receive a 1% annual return. You will receive this return regardless of what BLOX Earn does with the BTC borrowed from you. You will also receive it if BLOX Earn itself generates no return.
• BLOX Earn uses the BTC you have provided to generate a return on its own.
• BLOX Earn selects partners based on its risk management that pay returns to BLOX Earn if BLOX Earn makes the BTC it manages available to them.
• BLOX Earn enters into an agreement with a partner for an annual yield of 3% on the BTC it makes available to the partner. This yield fluctuates and is fully dependent on market conditions.
• BLOX Earn receives 3% in this example. You receive 1%. The remainder is distributed between BLOX Earn and BLOX.

Every month you can make one free euro withdrawal. After that, you pay €0.35 per withdrawal for the rest of the month.

Other fees

BLOX charges administration and transaction fees when it is exceptionally allowed to send crypto to an external wallet or when the crypto you deposited needs to be returned to your originating wallet. These fees are specific to each crypto and are communicated to you prior to the transaction.

BLOX does not charge any fees for its other services.

Contact

Do you have any questions about our pricing policy? Then please contact our customer service.

Disclaimer

This document is a general description of our pricing policy. No rights can be derived from it. In specific situations, deviations may apply.