Nubank reduces fees for buying and selling cryptocurrencies in the app
Nubank Cripto users begin to have access, starting today, to reduced rates for buying and selling cryptocurrencies on the institution's app. The new structure offers the ability for most customers to achieve a fee of 0.6% per transaction. According to the announcement, this represents a reduction of 62.5% compared to the average rate of 1.6% in the previous year.
This rate is also 25% lower than that recorded in recent months, which was 0.8%. The implementation of the new process will occur gradually, between October and November. Nubank will apply the change to all users of the platform.
In addition to reducing fees, Nubank extended the period for calculating transactions, going from 30 to 45 days. As the digital bank reported, this new deadline allows customers more time to accumulate transactions.
This is because the calculation of fees will take into account the volume traded within this range. The objective of the change is to provide more competitiveness for users, especially those who move large volumes of cryptocurrencies on the platform.
Nubank reduces cryptocurrency trading fees
Thomaz Fortes, executive director of Nubank's crypto and digital assets area, highlighted that the reduction in fees results from investments made throughout 2024 to increase the company's operational efficiency.
“Now, with more competitive rates, the resources moved by our customers are optimized, especially by those who usually operate large volumes,” he stated.
Every 45 days, there will be an automatic and individual analysis of the volume traded by each client. Based on this analysis, the applicable rate will be defined for the next 45 days, varying according to the amount transacted. The volume ranges are as follows:
- From R$0.00 (for customers who do not carry out transactions in the period) up to R$99.00;
- From R$ 100.00 to R$ 1,999.00;
- From R$ 2,000.00 to R$ 9,999.00;
- Above R$10,000.00.
To continue expanding Nubank Cripto's functionalities, the company has been establishing strategic partnerships. The digital bank has entered into a collaboration with Talos, which offers intelligent routing to a wide network of liquidity providers integrated into the Nubank ecosystem. These partnerships aim to improve the user experience. Furthermore, it seeks to reduce the platform’s operating costs.
Fortes emphasized that Nubank's commitment has always been to combat abusive fees and maintain a transparent relationship with customers.
“The rates we charge at Nubank Cripto are those necessary to maintain a robust, secure and regulatory-compliant platform,” he concluded.