UniFans is the only international subscription platform that offers USDT as a payment option. This is crucial for creators who:

• needs to maintain anonymity
• cannot use PayPal
• reside outside the United States
• needs to convert payout USD to other currencies

If you fall into any of these categories, using cryptocurrency for currency exchange may be your best option, with the best exchange rates and lowest fees. Compared to PayPal charging you 10% to withdraw money, withdrawing from UniFans with USDT costs less than 1.5% of your total payout.

Transaction key takeaways:

• Crypto exchange charges a maximum of 1.2% transaction fee
• USDT in crypto exchange offers best currency exchange rate
• Free transaction between exchange and Wise ( digital wallet )
• Wise only charges a fixed fee of a few cents to withdraw money

⭐ Compare us to other platforms that rely on PayPal with our PayPal fee calculator. Learn how much fees you are paying on Patreon and Gumroad.

USDT Crypto Calculator

Last updated on March 6, 2024.

Crypto Exchange Fees

🔍Please use the following exchange rate calculator and links to find the latest exchange rates and fees.

Last updated on March 6, 2024.

Use Crypto for Currency Exchange

To understand the fees charged by cryptocurrency exchanges, you need to understand how the system operates. Basically, cryptocurrency exchanges have three types of fees:

1. Deposit fees
2. Trading fees (maker/taker fees)
3. Network fee
4. Withdrawal fees

Since you are cashing out USDT on UniFans, UniFans handles deposit and buying fees. Generally, the fees for trading and withdrawal are similar on the exchange, depending on how you transfer funds or buy cryptocurrencies. As a creator receiving USDT, you only need to pay the fees for selling USDT for the desired currency. Let's take an example of a creator from New Zealand who is withdrawing $1000 on UniFans with USDT.

Income: $1000 USD (USDT is equivalent to USD)

Taker fee: 0.6% ( Coinbase charges 0.6%, which is the highest among all platforms. )

Conversion: 1 USDT to 1.62076 NZD

Network fee: $1.5 USD***

Crypto exchange fee for selling = $1000 x 0.6% = 6

Convert your money = ( 1000 - 6 - 1.5 ) x 1.62076 = 1611.04 NZD

Net earnings = 1611.04 NZD - Crypto exchange withdrawal fees* - Bank receiving fee**

*Not included in the calculator. The assumption is that if you use ACH to withdraw money from Coinbase, the transaction is free. If you use a exchange like OKX, the exchange charges a gas fee, which is a transaction fee users pay on the Ethereum blockchain to conduct transactions.

**Bank receiving fee depends where you want to deposit your money. If you deposit your earnings to Wise with ACH, the transaction is free. We will talk about why Wise is a great option for non-US creators.

***Network fee is a flat fee for using the crypto network for transactions.

What are Taker and Maker fees?

In cryptocurrency trading, taker and maker fees are two types of trading fees that exchanges charge to users for executing trades on their platforms. These fees are typically expressed as a percentage of the total transaction amount and vary between different exchanges. Maker or taker fees are based on your total assets and trading volume. The first tier of Coinbase is $0 to $10K, while OKX's is $0 to $100K. In the second tier, your fees will decrease by about 0.01 to 0.02%. For more information on taker and maker fees for each platform, please refer to the links in the table above.

Maker:

If a trading order does not immediately match existing orders in the order book, the order qualifies for maker fee standards, thereby adding liquidity to the market. Traders can ensure that their trading orders meet maker fee standards by using the option to place limit orders, which ensures that limit orders will incur maker fees or be canceled.



Taker:

On the other hand, if a trading order immediately matches existing orders in the order book, the order will incur taker fees, thereby consuming market liquidity. All market orders are executed immediately and incur taker fees. This includes conditional orders that automatically convert to market orders based on trigger conditions, such as stop-loss and take-profit orders.

Why are the fees so low?

The goal of UniFans is to assist creators in conveniently receiving payments while minimizing fees paid to payment processors. Therefore, we provide a platform with multiple payment methods, including USDT, Wise, and PayPal, allowing all international creators to maximize their earnings.

We find that for many non-US creators, cryptocurrency exchange is the best solution, avoiding traditional 2% currency exchange fees and unfavorable bank exchange rates. The fees charged by cryptocurrency exchanges themselves are typically more advantageous compared to banks or PayPal. Transfer fees for credit cards, banks, and PayPal are usually at least 2.9%, with an additional fixed fee of around $0.3 USD. In contrast, trading on exchanges typically incurs a maximum fee of 0.6% (Coinbase). However, many people are not very familiar with or afraid of cryptocurrency, so they overlook this channel.

If you need to transfer money from US account to your local bank with an international transaction, depositing into Wise is a wise choice. Let's break down all the fees and see why.

 PayPal charges

• 2.9% + fixed fee for processing
• 1.5% (international transaction fee)
• 4% conversion conversion fee
• A poor conversion rate

for every international transaction to withdraw money out of US. It's important to note that Payoneer is not suitable for this method because they explicitly prohibit transactions related to cryptocurrency in their terms of service.

In comparison, Wise charges a very low fixed fee for withdrawing the same currency out of Wise. For example, the fixed fees for withdrawing Euros or Brazilian Real to your bank accounts are 0.44 EUR and 2.91 BRL per withdrawal respectively. The compliments extremely well when you are using crypto exchange to convert USD/ USDT from UniFans. You save

• 5% from currency conversion fee
• transactions are all free between exchange and Wise
• a fixed fee of $4+USD and 1+/-% variable fee from Wise

Wise also offers the best exchange rates with least currency conversion fee. If you find using crypto too challenging, receiving your payout directly from UniFans with Wise is also a great option.

Here are the receiving fees for Wise:

Here are some examples of processing fees for withdrawing + exchange fee from Wise. Withdrawing without exchange fee is often a fixed fee of a few cents.