Crypto fees explained for beginners in Kenya
Understand the fees when you buy, sell, trade, and withdraw crypto on Coinwaka, including the spread, provider fees, and network fees.
Fees are easier to understand when you know which step they apply to. On Coinwaka, the rate and fees are always shown before you confirm.
Buying and selling
When you buy or sell with M-Pesa, the quoted rate already includes the payment provider fee and the conversion spread. The amount of crypto or KES shown before you confirm is what you get, with no hidden fee after.
The spread
The spread is the small difference between the buy and sell price. It is how the rate is set for instant buys and sells. You see it reflected in the quoted rate, not as a separate line.
Trading fees
If you trade on the spot market instead of an instant buy, a trading fee applies to each order. Your fee level can improve with higher volume.
Network (withdrawal) fees
Holding and trading crypto on Coinwaka has no network fee. A network fee applies only when you withdraw crypto on chain, and it depends on the asset and network you choose. For USDT, TRC20 is usually cheaper than ERC20.
Limits
Limits depend on your verification level, the payment method, and risk checks. Completing KYC raises your limits.
See the numbers
Published fees are on the Coinwaka fees page.
This article is educational and is not financial advice. Crypto is volatile and trading involves risk.