Are there any fees for sending crypto on Pluang?
Sending crypto to another Pluang user is free of charge (effective 15 May 2025). Sending to an external wallet address outside Pluang carries a network fee, plus 11% VAT on that network fee, plus 0.11% VAT on the total crypto amount sent.
Fee breakdown for external wallet sends (example: sending 1,000 USDT):
| Component | Amount |
|---|---|
| Assets sent | 1,000 USDT |
| Network fee* | 10 USDT |
| VAT on network fee (11%) | 1.1 USDT |
| VAT on total assets sent (0.11%) | 1.1 USDT |
| Total fees and tax | 12.2 USDT |
| Net amount received by recipient | 987.8 USDT |
*This example uses assumed figures — actual network fees vary depending on network conditions at the time of your transaction. Check the app for the current network fee before confirming.
Related questions:
Q: Is sending crypto to another Pluang user really free?
Yes — sending to another Pluang user carries no network fee or VAT, unlike sending to an external wallet.
Q: Why is VAT charged on both the network fee and the total amount sent?
These are two separate charges: 11% VAT applies to the network fee itself, and a separate 0.11% VAT applies to the total crypto value sent.
Q: Does the network fee amount stay the same every time?
No — network fees fluctuate with blockchain network conditions, so the exact amount can vary between transactions.
Q: Is receiving crypto into Pluang ever charged a fee?
No — receiving crypto into your Pluang account is always free.