Fee Schedule

Accounts

Individual Account

We do not charge any Fees for opening or maintaining an individual Account. Deposits of both Euro and Crypto-assets are free of charge.

Child Account

We do not charge any Fees for opening or maintaining a child Account. Deposits of both Euro and Crypto-assets are free of charge. Child Accounts are exempt from custody fees.

Joint Account

We do not charge any Fees for opening or maintaining a joint Account (en/of rekening). Deposits of both Euro and Crypto-assets are free of charge.

Business Account

We do not charge any Fees for opening a business Account. A monthly fee of €19.95 applies per business Account.

Institutional Account

Our services for institutional Accounts are tailored, including the Fees. Please contact us for more information about the Fees of an institutional Account.

Services

Order execution

We charge a transaction fee of 0.7% of the transaction value. The fee is included in the total Crypto-asset or Euro transaction amount.

Custody

We charge an annual custody fee of 0.6% on the Crypto-assets we custody for you. The fee is calculated daily and billed monthly in arrears. The custody fee is deducted from your Euro balance. If your Euro balance is insufficient, the fee may be deducted from your Crypto-asset balance. If you hold stable coins, these will be used first to cover the custody fees. If you do not have stable coins, or not enough, your largest Crypto-asset position will be used instead. Child Accounts are exempt from custody fees.

Transfer

We charge a fee for withdrawing Crypto-assets from your Account. The standard withdrawal fee is approximately €15.00, charged in the Crypto-assets being withdrawn. This amount may be higher if actual blockchain network fees exceed €15.00. When you request a withdrawal of Crypto-assets using the 'Withdraw' button in your My Amdax account, you will first receive an email specifying the exact transaction fees before the withdrawal is executed. There are no fees applicable for withdrawing Euros to your bank account.

Staking

You may earn Staking Rewards by Staking Crypto-assets. The amount of Staking Rewards depends on the structure and rules of the underlying blockchain protocol. These Staking Rewards may vary daily and are not guaranteed by Amdax. Amdax distributes rewards weekly. Staking Rewards are distributed on a net basis, as Amdax retains a commission of 25% on the total reward amount, regardless of the size of the reward. There are no fixed monthly fees for Staking. However, Crypto-assets in Staking remain in custody at Amdax, and therefore custody fees apply to staked Crypto-assets.

Portfolio Management

Portfolio Management is subject to the following Fees. Details may vary depending on the specific Portfolio Management Strategy.

We use the following definitions:

• AUM means 'assets under management' (both Euros and Crypto-assets, unless stated otherwise).

• Business Day means any day on which Amdax is actually open for business activities, excluding Saturdays, Sundays, and official public holidays in the Netherlands.

• Calculation Time means the time at which we calculate the value of your portfolio. This is at 09:00 CET (Central European Time).

• High-Water Mark means the highest recorded AUM value, expressed in Euros at the Calculation Time on the first Business Day of each Period.

• Initial Investment means the amount, expressed in Euros or Crypto-assets, that was first transferred to Amdax for the purpose of initiating Portfolio Management.

• Period means a one-month period starting on the first Business Day of a calendar month. The first Period starts on the first Business Day of the calendar month following the date on which the Initial Investment was transferred to Amdax. 

The type of Fees that may be applicable specifically to Portfolio Management are:

a. Setup fee means the one-time fee charged at the beginning of Portfolio Management for initiating the service.

b. Entry and exit fees means transaction-based charges when funds (both Euro and Crypto-assets are added or withdrawn from the client’s portfolio. The entry fee is charged when funds are deposited, and the exit fee applies when assets are withdrawn from the portfolio.

c. Management fee means the management fee for managing the client’s portfolio, calculated as percentage of the AUM. The management fee is calculated and determined at the Calculation Time on the first Business Day of each Period.

d. Performance fee means the fee charged as a percentage of the positive returns generated on the client’s portfolio. The performance fee is calculated based on AUM at the Calculation Time on the first Business Day of each Period, excluding the first Business Day of the first Period. The initial High-Water Mark used for calculating the performance fee is equal to 100% of the Initial Investment. Thereafter, the High-Water Mark is adjusted in each Period for deposits, withdrawals, entry and exit fees, management fees, and performance fees. 

If AUM at the Calculation Time on the first Business Day of a Period:

i. exceeds the High-Water Mark, the performance fee is calculated as a percentage of the difference between the AUM and the High-Water Mark. The High-Water Mark for the next Period is set to the AUM value at the Calculation Time on the first Business Day of the Period; 

ii. or does not exceed the High-Water Mark, no performance fee applies. The High- Water Mark for the next Period remains the same.

The startup fee is charged on your first invoice. Management fees are invoiced monthly in arrears and settled at the beginning of each Period, based on the AUM at the Calculation Time on the first Business Day of the next Period. Performance fees, if applicable, are also invoiced monthly in arrears and settled at the start of the next Period, based on the AUM and High-Water Mark at the Calculation Time on the first Business Day of the next Period.

Fees due will be deducted from your Euro balance or the equivalent value in Crypto-assets, unless otherwise agreed.

Invoices are issued at the end of each Period and are available in My Amdax.

Changes
 

We may change our Fees or Fee structure for any of our Services at any time. You will be notified

of any changes before they take effect. By continuing to use our Services after a change, you

agree to the new Fees and terms.

Contact

If you have any questions about our Fees, you can reach us via:

• Email: hello@amdax.com

• Address: Amdax, Gustav Mahlerplein 45, 1082 MS Amsterdam, The Netherlands

• Phone: +31 (88) 2632900