What Does Peanut Cost?
Peanut charges no explicit fees on any operation — deposits, withdrawals, QR payments, sending money, and collecting money are all free. The only cost is the exchange rate conversion spread when converting between currencies, which comes from the rate providers, not from Peanut.
Fee Schedule
| Operation | Peanut Fee |
|---|---|
| Crypto deposit (any network) | Free |
| Bank deposit (SEPA, ACH, wire) | Free |
| QR payment (Mercado Pago, Pix) | Free |
| Cash ATM withdrawal | Free (ATM operator may charge a small fee) |
| Bank withdrawal (SEPA, ACH) | Free |
| Crypto withdrawal (any network) | Free (gas covered by Peanut) |
| Peanut Link (create or claim) | Free |
| Peanut Request (create or contribute) | Free |
| Account maintenance | Free |
There are no monthly fees, no hidden charges, no minimum balance, and no account closure fees.
Exchange Rates
When you convert between currencies (e.g. paying in Argentine pesos from your dollar balance), the displayed rate includes a small spread from the rate provider:
- EUR ↔ USD: ~0.50% spread (via rate provider)
- USD ↔ local currency (ARS, BRL): ~0.80% spread (via rate provider)
These spreads are not Peanut fees — they are passed through from the providers at cost. The rate locks at the moment of payment — the amount shown on the confirmation screen is exactly what gets charged. No slippage, no post-transaction adjustments.
How Peanut Saves You Money
Even with provider spreads, Peanut often costs less than alternatives in Latin America because it uses a direct market conversion rate that bypasses regulated rates:
- Argentina: 2–11% better than credit card rates on average
- Brazil: Up to 3.5% savings on outbound transfers (no Tax on Financial Operations)
For a detailed comparison, see the pricing page.
FAQ
Does Peanut charge any hidden fees?+
No. Every fee is listed above — and they are all free. The only cost is the exchange rate spread embedded in the displayed conversion rate, which comes from rate providers, not Peanut.
Who pays for gas fees on crypto transactions?+
Peanut covers all gas fees on both deposits and withdrawals across every supported network.
Does my bank charge fees for deposits or withdrawals?+
Peanut does not, but your bank might. SEPA and ACH transfers are typically free from most banks. Wire transfers can cost $25-$80+ from the sending bank — Peanut charges nothing on its end.
Is the exchange rate competitive?+
Yes. In Argentina, Peanut's rate is typically 2–11% better than credit cards and bank exchanges. In Brazil, you save up to 3.5% by avoiding the Tax on Financial Operations. The rate locks at the moment of payment — no surprises.
Does the ATM charge a fee?+
The ATM network operator may charge a small fee for cardless withdrawals. This is not a Peanut fee — it is set and collected by the ATM operator.