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Platform fee

Sendovex charges a platform fee on every completed trade. The fee is taken from the crypto amount at the escrow level. You see the net amount you will receive before you confirm the trade. The fee rate decreases as trade size grows: The minimum trade size is **5∗∗.Tradesbelow5**. Trades below 5 cannot be placed. The fee is deducted from the gross crypto amount locked in escrow. The buyer receives the net amount after the fee is removed.

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Gas fees

All Polygon network transactions, including locking escrow, releasing escrow, and cancellations, are covered by Sendovex. You never need POL to use Sendovex. Your wallet does not need to hold any POL for gas.

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Merchant rate spread

Merchants set their own exchange rates in their listings. The difference between a merchant’s rate and the market rate is the merchant’s earnings. This is separate from the Sendovex platform fee.

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Fiat transfer fees

Any fees from bank transfers (Telebirr, CBE, Awash, etc.) are set by those providers. Check with your bank or mobile money provider for their fees.

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Summary