We provide a variety of services in the Zengo app — some require fees, and others are free to use. You will always be able to send, receive, and securely store your cryptocurrency in Zengo free of charge, anywhere in the world, without limits.

Definitions

Network fee: Paid to the blockchain network operators. This fee changes over time, based on network conditions, and is not paid to Zengo. Note that network fees for ERC20 tokens and Ethereum NFTs are paid in ETH and in MATIC (Polygon) for Tokens and NFTs on Polygon.
Processing fee: Paid to the operators of the buying, selling, and trading services. This is a % of the total transaction amount and varies by operator and asset, where usually a minimum applies (See below).
Spread: Paid to the operators of the buying, selling, and trading services. Represents the difference between the asset's price, which the operator presents during the purchase, and the asset's market price (spot price). This is a % of the total transaction amount and varies by operator and asset.
Gateway fee: Paid to the operators of the buying and selling services to cover their costs for receiving and processing the transaction with credit card companies, banks, and other payment providers.
Local currency conversion fee: Paid to the service operators when you buy cryptocurrency in a local currency to cover the costs of converting currencies.

Note that for deposits in crypto and withdrawals in crypto from and to your Zengo wallet, there is no minimum or maximum amounts, and no fees are charged except blockchain mining fees paid to the network (not Zengo)

Total Fee Calculation

To know how much fees in total you are paying, add up all the fee types

spread fees + processing fees + gateway fees + network fees

The details are always presented to you for your approval before the final checkout.

Receive crypto

Processing fee/spread: 0%
Minimum: Not applicable
Maximum: Not applicable
Network fee: Not applicable

Send crypto

Processing fee/spread: 0%
Minimum: Not applicable (but you need the minimum for network fees (not paid to Zengo)
Maximum: Not applicable
Network fee: Yes

To learn more about Ethereum and Layer 2 network fees, please read here

Buy crypto

Buy crypto with a bank transfer

A. Banxa

SEPA (EU), Local Payments (UK), PIX (Brazil), Interac (Canada), iDEAL (Netherlands), OSKO/Pay ID/POLi (Australia), Bank Transfer (Turkey & South Africa)
- Spread: 2.99% up to 3.29%
- Processing fee: included in the spread
- Gateway fee: 0%
- Local currency conversion fee: No
- Network fee: Yes
- Minimum: 50 USD, 50 EUR, or the equivalent in your local currency
Wire Transfer (US)
- Spread: 2.9%
- Processing fee: included in the spread
- Gateway fee: 0%
- Local currency conversion fee: No
- Network fee: Yes
- Minimum: 100 USD

B. Moonpay (non-US residents only)

PIX (Brazil - BRL), Local Payments (UK - GBP), SEPA (EU - EUR)
- Spread: Usually 1.5%-4.0%
- Processing fee: 1.99% (with a min. €3.99/£3.99/$3.99 or currency equivalent)
- Gateway fee: 0%
- Local currency conversion fee: Yes, for non-USD/CAD/AUD/EUR/GBP currencies
- Network fee: Yes
- Minimum: 30 USD/EUR/GBP

C. Transak

SEPA (EU), Local Payments (UK), PIX (Brazil), Interac (Canada), iDEAL (Netherlands), OSKO/Pay ID/POLi (Australia), Bank Transfer (Turkey & South Africa)
- Processing fee: 4.79% up to 5.99%
- Gateway fee: 0%
- Local currency conversion fee: No
- Network fee: Yes
- Minimum: 100 USD, or the equivalent, in your local currency.

Buy crypto with a Credit card, Debit card, Apple Pay, or Google Pay

A. Banxa

Spread: 4.75%
Processing fee: included in the spread
Gateway fee: 2.99%
Local currency conversion fee: No
Network fee: Yes
Minimum: 50 USD, 50 EUR, or the equivalent in your local currency

B. Moonpay

Spread: Usually 2.5%-4.0%
Processing fee: 4.0% (with a min. €3.99/£3.99/$3.99 or currency equivalent)
Gateway fee: 1.99%
Local currency conversion fee: Yes, for non-USD/CAD/AUD/EUR/GBP currencies
Network fee: Yes
Minimum: 30 USD (Approximate, subject to change)
* Note: For New York - Spread and fees add up to 6%. The fee is expected to be reduced by MoonPay in the near future.

C. Transak

Processing fee: 6.69%-7.99%
Gateway fee: 0%
Local currency conversion fee: No
Network fee: Yes
Minimum: $20-$30 depending on geographies

Maximum Limits and caps on purchase

Different purchase vendors have different daily, weekly, and monthly caps and purchase limits based on the coin, payment method, and geography.

When creating your order, you will see an alert message if you are below or above these purchase limits.

If, for any reason, you hit a limit with a particular vendor (e.g., Moonpay), you can always use the other options available in Zengo, as those limits are not cumulative to providers.

Finally, limits of purchase, trade, and sale are not cumulative with one another.

Sell crypto to a bank account (Moonpay)

Spread: From 1.00%
Processing fee: 1%
Gateway fee: No gateway fee
Minimum: Typically set at USD 30, the minimum transaction limits may vary based on the specific partner.
Maximum:
Europe: €10k daily, €20k monthly
United Kingdom: £10k daily, £20k monthly
United States: $10k daily, $20k monthly
Network fee: Yes

Sell crypto to a Mastercard/ Visa card with Moonpay

Spread: From 1.00%
Processing fee: 4.5%
Gateway fee: No gateway fee
Minimum: USD 15/ €15
Maximum: 10k monthly.
Network fee: Yes

For other providers the fee is presented at the check out before the confirmation

Swap crypto

Changelly

Processing fee: up to 3%.
Spread: Up to 2.0% for most pairs but can vary
Minimum: Differs by trading pair and market liquidity
Maximum: Differs by trading pair and market liquidity
Network fee: Yes

Activate Tezos staking

Processing fee: 0%
Minimum: N/A
Maximum: N/A
Network fee: Yes

3rd party Defi and Web3 services

When you connect your Zengo wallet to a 3rd party Dapp to manage a crypto asset, Zengo does not charge any fee. You may be presented with a network fee paid to miners. The trades and services you choose to use via Wallet Connect are not operated by or in Zengo, and Zengo does not sell you any coin or digital asset.