How do I save on fees?

Modified on Sat, Nov 2 at 9:02 PM

We're glad you asked! This is one of the main benefits of using ZenDCA and not using recurring buys on the exchange.

Most exchanges will allow you to create a recurring buys, but you'll be paying higher fees so let's break it down.

Let's use Coinbase as an example, and say you create a schedule to buy $100 worth of Bitcoin every week on the mobile app. You'd be paying a fee of ~$2.99 and only getting ~$97.01 worth of Bitcoin. On top of that, you won't be paying the best Bitcoin price from the order book, but an inflated one due to their spread calculation (more info here). So you get less Bitcoin and pay almost 4% in fees!

On ZenDCA, you would pay about ≈$1.20 to Coinbase in fees, when buying $100 worth of Bitcoin every week ($1.79 in savings!) and paying the true market price for your Bitcoin. We fetch the latest asking price from the order book at the time of your order. Meaning you would get the most Bitcoin possible for the ≈$98.80 you paid, since the spread calculation doesn't apply on ZenDCA!

For the same $100 on Kraken, you can expect to pay ~$1.50 in fees on the mobile app. If you use ZenDCA, you would pay $0.40 in fees ($1.10 in savings!). Not to mention you'd get a better price for your Bitcoin, as ZenDCA forces Kraken to pull the latest price from the order book (no spread).

The fee to buy $100 of BTC on the Gemini mobile app would be $2.99. On ZenDCA, that fee goes all the way down to $0.40 ($2.59 in savings!).

These are the fee schedules for all supported exchanges:

If you're looking for the fees that you would pay the exchange by using ZenDCA, look for the API or Limit Taker order fee schedules (for Gemini and Coinbase) and Spot Crypto fees for Kraken.