Pricing Policy

Introduction

Ramp Network operates a platform where you can buy, sell and swap crypto assets directly from a self-custodial wallet address to another self-custodial wallet address. Crypto assets can therefore be purchased and sold through different channels. This can be via the Ramp Network app and website directly, or through a partner such as a wallet that offers Ramp network as a potential on / off ramp provider within their own product offering. Regardless of the channel, Ramp Network acts as the counterparty in every transaction; you buy from and sell to Ramp Network. Ramp Network aims to provide customers with the best possible service at a fair and transparent price. This document outlines our pricing policy, including the fees applicable to our services and the moment at which the rate used in a transaction becomes final.

Method for determining the pricing of assets

There is no single price for crypto assets. Prices vary per exchange. When a user visits the Ramp Network exchange page to get a quote  Ramp Network calculates the final price at which you can buy crypto assets, displayed to the user in a total fiat currency format to be paid or received and separately as an exchange rate.

In order to calculate the quote Ramp Network uses a third party provider to fetch the current mid market price of the asset. Using this information Ramp network then calculates the final cost of the asset for the user by cross referencing all possible variables of the transaction such as their: jurisdiction, country, payment method, fiat currency, asset, tx size, and partner. The quote delivered is therefore a very tailored experience for each user depending on their circumstance, and is updated every 30 seconds to maintain market relevance. The transaction won’t be executed until all parameters of the transaction are in place.

Fees

As well as the cost of the asset that is described above, Network and Processing Fees are added into the price quoted to the user. If a user is looking to buy €100 of BTC, they will always pay €100 with the total fees subtracted from this amount. The user can choose whether to buy or sell a specific fiat currency amount of asset or have a price displayed for a specific amount of crypto-asset. The fees of a transaction are described below:

Network fee - The network fee is determined by miners/validators on the blockchain in question. It reflects the current cost per transaction based on the network's usage level. This fee is entirely paid to miners/validators to cover transaction costs, and we do not influence its amount.

Processing fee - The charge for using Ramp Networks services to process the transaction, this is variable depending on the chosen payment method and currency:

Partner fee - Some integration partners may impose a small fee, which represents a percentage of the transaction's cost, in addition to Ramp Network's fees. This fee is set by and paid entirely to the integration partner when utilizing their platforms. It is important to note that this fee does not apply when buying directly through Ramp Network.

For transactions executed via a partner, the Ramp Network Processing fee and any applicable Partner fee are displayed as a single fee component, called ‘Processing Fee’.

For on/off ramp the fees are settled by deducting from the fiat currency side of the equation. On the buy side the payment received by Ramp Network from the user to purchase the crypto asset will include the required fees. On the sell side the amount the user receives will be net of our fees, so the user will be quoted an amount that includes fees, and the final amount they receive will be net of them. For swaps the fees are deducted in from the tokens being swapped, so if the user is swapping USDC for BTC, our fees will be included in the quote and we will deduct USDC to cover them.

Limits

Ramp Network performs KYC (Know Your Customer) on all transactions. When transactions increase in value or the total sum of all transactions of users increase we require additional form of identification. These KYC limits are designed to ensure that no one is abusing the system or is a bad actor. Outlined below are the transaction limits for each jurisdiction in which we operate but please note that certain parameters of a transaction may mean that advanced identification is triggered earlier than set out below.