Are There Any Fees for Sending Crypto on Pluang?
Crypto send fees on Pluang depend entirely on where the crypto is going. Sending crypto to another Pluang user is completely free of charge (effective 15 May 2025) — no network fee and no VAT apply. Sending to an external wallet address outside Pluang carries three components, all deducted automatically from the token you send: a network fee, plus 11% VAT calculated on that network fee, plus a separate 0.11% VAT on the total crypto amount sent. Because network fees fluctuate with blockchain conditions, the app displays the current network fee on the send screen before you confirm. Receiving crypto into your Pluang account is always free, regardless of the source.
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 and no VAT, so the recipient receives the full amount (effective 15 May 2025). Fees only apply when you send to an external wallet address outside Pluang.
Q: Why is VAT charged on both the network fee and the total amount sent?
They are two separate charges on different bases: 11% VAT is applied to the network fee itself, and a separate 0.11% VAT is applied to the total crypto value sent. They are not the same tax counted twice.
Q: Does the network fee amount stay the same every time?
No. Network fees are set by the blockchain and fluctuate with network conditions, so the amount can differ between transactions. The send screen shows the current fee before you confirm.
Q: Is receiving crypto into Pluang ever charged a fee?
No. Receiving crypto into your Pluang account is always free, regardless of who sends it or which supported network it arrives on. Fees only apply on the sending side, and only for external sends.
Q: Where can I see the total fee before I confirm a send?
On the send screen in the Pluang app, right before you confirm. It displays the current network fee for your asset, so you can review the full cost and the net amount the recipient will receive first.