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Fees Explained

Understanding Wayex Fees: What You Need to Know

Support avatar
Written by Support
Updated over 2 weeks ago

Please review the guide to understand your fees when using Wayex. Below are the key fees, but for a complete breakdown, refer to the Product Disclosure Statement on our website.

Wayex Fees

Other Fees

Crypto Deposit

Zero fee

N/a

AUD Deposit

Zero fee

N/a

Trade

1% fee for buying and selling crypto on the app

N/a

Exchange Mode

0.4% fee for buying and selling crypto on the web platform. This fee applies for market and limit orders on the web platform via advanced trades

N/a

Card Spend

1% crypto-to-AUD conversion fee when you spend your crypto

N/a

Crypto Transfer

N/a

Network/Gas Fees

Crypto Cashout

1% crypto-to-AUD conversion fee when you withdraw crypto-to-AUD to your bank account

N/a

AUD Cashout

$0 fee for AUD withdrawal to your bank account

N/a

Physical Wayex Card

$14.99 AUD (one-time fee)

N/a

Digital Wayex Card

Zero fee

N/a

ATM Withdrawal

1% crypto-to-AUD conversion fee for ATM withdrawals

N/a

International Foreign Exchange Fees (charged when any transaction is processed outside of Australia)

0% fees when using the Wayex card overseas

N/a

More Information

Deposit

You can deposit Australian dollars (AUD) into your Wayex account via PayID or BSB and Account Number transfer. We do not charge any deposit fees for AUD deposits.

First-time AUD deposits may take 12 to 48 hours to arrive in your Wayex wallet. After that, deposits will be instant via PayID and BSB & Account Number.

For crypto deposits, you can transfer funds from another wallet or exchange. While Wayex does not charge any crypto deposit fees, you’ll need to cover the network/gas fees associated with your cryptocurrency.

Important:
✔ Ensure you're using the correct network and have selected the right cryptocurrency.
Double-check the deposit address and format before transferring.
✔ For XRP deposits, make sure to include the destination tag provided in your Wayex app.

Buying & Selling

You can buy and sell a variety of cryptocurrencies on Wayex.

Before placing a trade, you'll need to deposit funds into your account first.

For a step-by-step guide on buying crypto, check out this guide.

Spend

Wayex charges a 1% conversion fee on every card purchase made with supported cryptocurrencies.

No fees apply when you spend Australian dollars (AUD).

Crypto Transfer

We don’t charge fees for transferring crypto to another exchange or wallet. You only need to cover the network/gas fees, which you can review before sending. If you're happy with the fees, simply confirm the transaction.

To track your transfer, check the transaction on the blockchain and be mindful of network activity.

AUD Transfer

You can withdraw AUD from your Wayex account to your bank via PayID or BSB and Account Number—completely fee-free.

Minimum withdrawal: AUD 10
Maximum withdrawal: AUD 10,000

Cash Out

We charge a 1% conversion fee when you cash out crypto to AUD and transfer it to your bank account.

First-time cash outs may take 12-48 hours to process.
Subsequent withdrawals will be instantaneous.

Card Fee

Physical Card & Delivery: AUD 14.99

Digital Card: AUD 0 (Free)

Lost/Stolen Card Replacement: AUD 0 (Free)

Expired or Invalid Card Replacement: AUD 0 (Free)

ATM Withdrawal

ATM Withdrawals: Wayex charges $0 fees—you only need to cover the ATM provider’s fees.

Crypto to AUD Cash-Out: A 1% conversion fee applies when withdrawing crypto to your bank account.

International Foreign Exchange Fees

No foreign exchange fees—just load your Wayex card and spend anywhere Visa is accepted.

Note: ATM withdrawals are only available in Australia. You won’t be able to withdraw cash from overseas ATMs.


We hope you found this guide helpful!

If you have any questions, feedback, or if you run into any issues, then feel free to contact us in the live-chat within the app or website! Our support team is available 24/7.

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