Are there any fees in crypto transfers at Pluang?
Starting May 15, 2025, sending to other Pluang users will be free of charge.
Meanwhile, sending to a wallet address outside Pluang will be subject to the following fees:
-
Network fees (you can see them here)
-
11% VAT on network fees.
-
0.11% VAT on total crypto assets sent.
For example, a user wants to send 1,000 USDT to an external wallet (not owned by another user on Pluang). Here is the fee breakdown:
|
Component |
Mark |
|
Assets sent |
1,000 USDT |
|
Network Fee* |
10 USDT |
|
VAT on Network Fee |
= (11/12 × 12% × 10 USDT) |
|
= 1.1 USDT | |
|
VAT on the amount of assets delivered |
= (0.11% × 1,000 USDT) |
|
= 1.1 USDT | |
|
Total Cost and Tax |
10 + 1.1 + 1.1 = 12.2 USDT |
|
Net Amount Received |
= 1,000 - 12.2 = 987.8 USDT |
*This calculation uses assumptions, and the amount of network fees may vary depending on network conditions.
Receiving crypto assets to your Pluang account is FREE, Sobat Cuan!