Fees and Pricing
Fees and Pricing section describes and explains our Coy's operational model.
EQUIVN PAYMENTS LTD. do not sell tokens for profits like marginal crypto-currencies. As a COY, must account for all asset-supply in circulation with bank equivalent and auditable fiat in the Nigerian Naira (NGN).
HOW DOES FEE/PRICING WORKS
At point of blockchain usage, Deposits ( i.e Receive) transactions are zero (0%) fee. Send transaction from ENAIRA WALLET are a negligible blockchain fee of 15 eNGN for sponsorship with eNGN. All Send transactions outside enaira pays 0.001 WAVES as fee and 0.003 WAVES for any Dex market.
At point of Fiat-Deposit, We charge 1.25% off per deposit. This fee covers for payment processors and service of EQUIVN PMTS LTD.
At point of Fiat-Withdrawals, We charge 2.5% off per withdrawals. This fee covers for payment processors and service of EQUIVN PMTS LTD.
At point of AV (Account Verification) & KYC, A non refundable verification fee of 10,000 NGN or 10,000 eNGN per user’s account is required to approve user’s account, prove seriousness of account opening, enable fiat deposits and withdrawals to and fro user’s bank. Upon approval, 40% is released to the user’s balance.
KYC & ACCOUNT VERIFICATION
As part of our compliance regulations and to prevent spam, Users are required to verify their accounts, to enable fiat deposit & banks withdrawal. This requires a non-refundable fee of 10,000 ENGN.
EQUIVN PAYMENTS LTD. shall refund 4,000 ENGN of verification fee as spendable or redeemable after KYC.
DAILY (FIAT) LIMITS
The daily limits is part of Coy’s regulation for fiat deposits and withdrawals.
Min. (Deposits/withdrawals): 5,000 ENGN
Max. (Deposits/withdrawals): 200,000 ENGN