Pricing Policy

Introduction

BLOX operates a platform where you can buy and sell crypto assets. BLOX stores and manages these crypto assets on your behalf through Stichting BLOX Custody. If you choose to use the yield services offered by BLOX, BLOX also facilitates the transfer of your crypto assets. For these services, BLOX has applied for a license from the Netherlands Authority for the Financial Markets (AFM). BLOX is currently working hard to obtain this license. As long as BLOX has not yet obtained this license, you are investing outside of AFM supervision.

When buying and selling crypto assets, you enter into a transaction with BLOX as your counterparty. You are buying from and selling to BLOX. BLOX aims to offer customers the best possible service at a fair and transparent price. This document describes our pricing policy, including the fees applicable to our services.

Quoting

There is no single price for crypto assets. Each liquidity provider has different prices for crypto assets. BLOX generates a reference price by using one or more liquidity providers and a price guarantee margin to offer you a fair and market-based price.

The price retrieved by BLOX from liquidity providers is adjusted with a price guarantee margin. This margin is determined per crypto asset. Several factors are taken into account when determining the price guarantee margin, including the volatility of the crypto asset, the depth of the order book, and the trading volume of the asset. Based on these risk factors, the price guarantee margin ranges between 50 and 100 basis points.

Transaction fees are added to this reference price to calculate your final quote. These transaction fees amount to 0.25% of the requested quote.

The reference price is included in the quote that is provided. The transaction fees are charged separately during settlement. This is clearly and transparently shown during the transaction process, prior to your payment.

An example:

• You want to buy €100 worth of BTC.
• Based on information from our carefully selected liquidity providers, we determine the current price of BTC and convert this into an amount in euros.
• We calculate the price guarantee margin between 50 and 100 basis points to determine your reference price.
• We add the transaction fee of 0.25% to calculate your final quote.
• You receive between €98.75 and €99.25 in your vault, depending on the applicable price guarantee margin at that time.

Yield Services

If you opt for yield services to earn additional returns on your crypto assets, you will receive a fixed reward at that time. This fixed reward may change over time. BLOX will communicate the changes in the fixed fee to you in a timely manner, so that you can make a well-considered decision about the yield service

When you decide to use the yield services, you enter into a loan agreement with Coinmerce Earn. Coinmerce Earn manages the risk associated with the crypto assets you have made available to Coinmerce Earn in order to generate a return on these crypto assets.

You receive the agreed return on the crypto assets you make available. This return is the fixed compensation you receive, which you can find in the BLOX app and on the BLOX website. BLOX and Coinmerce Earn do not withhold any direct costs from the return agreed with you.

Coinmerce Earn aims to generate a higher return on the crypto assets you provide to Coinmerce Earn than the return agreed with you. These proceeds are used, among other things, to cover Coinmerce Earn’s operational costs. If the return Coinmerce Earn receives is higher than the return agreed with you, the difference is shared between Coinmerce Earn and BLOX. Depending on market conditions, this can amount to up to 80 percent of the achieved return per year. In this way, BLOX and Coinmerce Earn try to realize a return on the crypto assets you make available that fits within Coinmerce Earn’s risk management. These (implicit) costs have no effect whatsoever on the return agreed with you, which you can find in the BLOX app and on the BLOX website.

An example:

• You lend 1 BTC to Coinmerce Earn.
• For the BTC you provide, you receive an annual return of 1%. You receive this return regardless of what Coinmerce Earn does with the BTC you lent. You also receive it if Coinmerce Earn itself makes no return.
• Coinmerce Earn uses the BTC you provide to generate its own return.
• Based on its risk management, Coinmerce Earn selects partners who pay a return to Coinmerce Earn when Coinmerce Earn makes BTC under its management available to them.
• Coinmerce Earn agrees with a partner on an annual return of 3% for the BTC it provides to that partner. This return fluctuates and depends entirely on market conditions.
• In this example, Coinmerce Earn receives 3%. You receive 1%. The remainder is divided between Coinmerce Earn and BLOX.

Deposit and Withdrawal Fees

The costs for depositing euro funds depend on your chosen payment method and cover BLOX's administrative and banking expenses. BLOX applies the following fees:

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

Other Fees

BLOX does not charge additional fees for the custody and management services provided by Stichting BLOX Custody or for the transfer services of crypto assets.

Contact

Do you have questions about our pricing policy? Please contact our customer service team.

Disclaimer

This document is a general description of our pricing policy. No rights can be derived from it. Specific situations may deviate from what is stated here.