Swap Fees for Fiat-to-Cryptocurrency Conversions

Ledgix facilitates the conversion of fiat currencies to cryptocurrencies through partnerships with crypto-friendly banks. When users initiate a conversion transaction, a small swap fee is charged. This fee helps cover the operational costs associated with the conversion process, including banking fees, compliance costs, and platform maintenance.

The swap fee is calculated based on a percentage of the converted amount or a fixed fee, depending on the specific conversion transaction. Ledgix ensures transparency by clearly communicating the transaction fee to users before they confirm the conversion. This fee allows Ledgix to sustain and improve its fiat-to-cryptocurrency conversion services while providing a convenient and seamless experience for users.