Fees & Pricing

How are gas fees handled on Terrace?

Gas required for on-chain transactions is bundled into the transaction in the currency used for the transaction. You never have to worry about having enough gas in your wallet!

How does Terrace calculate fees?

Terrace uses a volume-based fee structure for determining its trading fees. Fees will be taken from all incoming and outgoing transactions, excluding wallet transfers. Your fees will be determined on a rolling 30-day basis. Your 30-day volume needs to be consistent in order to retain your fee tier. Your volume is the sum of your past 30-days of trading activity. Please see the VIP Tiers section for further details.

Does Terrace charge deposit or withdrawal fees?

Terrace does not charge internal crypto deposit fees. For crypto withdrawals, fees consist of network gas costs, which are shown before you confirm a withdrawal.

Wire deposits are subject to the fees charged by the sending institution as wells as applicable gas. Wire withdrawals are a $16 wire fee plus a 0.10% (10bps) service fee and applicable gas.

Are there network fees on withdrawals?

Yes. When withdrawing funds, you must pay network gas fees. These vary depending on the blockchain and will be displayed prior to confirmation.