In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

How are fee conversion rates calculated?

Last updated: March 31, 2025

The conversion rate in converting the volume of an order in quote currency to the volume in USD is calculated using spot prices on Kraken. Spot is taken as the mid-point of bid and ask. This calculation is for the purpose of calculating your 30 day trade volume in USD.

To get the spot rate for something like GBP/CAD, which we don't have a market for, we use the spot for BTC/GBP and BTC/CAD to get it. In a few cases we might not be able to get the implied spot rate that way and for those cases we pull the rate from a third party site.

Need more help?