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.

What are the fees for Flexline?

Last updated: July 29, 2026

Flexline crypto-secured loans charge interest that is paid every 4 hours in the borrowed asset currency.

The rate of each loan is based on the currency borrowed and the duration (also called tenor). This rate is variable: it tracks a transparent market benchmark and can change over the life of the loan, with the current rate applied at each 4-hour interest charge. 

In addition to this, there is a one-time origination fee of 0.5% at the onset of the loan, paid in the borrowed asset currency.

The loan can be closed in three ways:

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    Loan maturation: This is what automatically occurs as long as there is no liquidation event throughout the life of the loan.

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    Early termination: This is a voluntary closure of the loan initiated by the user. In such a case, the user will pay an Early Termination Fee equal to half of the remaining interest payments scheduled for the loan.

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    Liquidation: Liquidation occurs when an account’s collateral (main wallet balance) is insufficient to cover the loan. In such a case, assets will be sold to repay the Flexline loan.

In all three scenarios of closing a loan, the borrowed asset currency will be automatically deducted from the main wallet. However  if there are insufficient assets of the borrowed currency in your main balance, assets will be converted into the borrowed currency. There may be a fee associated with this conversion. To learn more, see here.

To avoid unnecessary conversion fees, consider executing an order for the required type and amount of funds before expiration day.

The examples below use a single fixed rate to keep the math simple. In practice, the benchmark rate can change over the life of the loan, so the amount charged at each 4-hour interval may vary as the rate moves.

Henry borrows 100,000 USDC through Kraken Flexline at an annual interest rate of 13% for a period of 365 days.

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    Henry will receive 100,000 USDC into his main balance from which the origination fee will be deducted.

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    5.936 USDC will be deducted from Henry’s account every 4 hours.

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    Henry can use the loan proceeds either on Kraken for trading or withdrawing off Kraken if he holds sufficient collateral to do so.

After 365 days, the loan matures and 100,000 USDC is automatically deducted from his account.

Alice borrows 1 BTC through Kraken Flexline at an annual interest rate of 9% for a period of 7 days.

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    Alice will receive 1 BTC into her main balance from which the origination fee will be deducted.

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    0.000041095 BTC will be deducted from Alice’s account every 4 hours.

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    She sells the BTC, and earns a profit by buying the BTC back at a lower price than where she sold it.

At the end of the loan, 1 BTC is automatically deducted from her account.

Bob borrows 100,000 USDG through Kraken Flexline at an annual interest rate of 17% for a period of 90 days.

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    Bob will receive 100,000 USDG into his main balance from which the origination fee will be deducted.

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    7.76256 USDG will be deducted from Bob’s account every 4 hours.

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    He withdraws 50,000 USDG off Kraken’s platform.

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    He buys some crypto on Kraken using the remaining USDG balance.

At the end of the loan, 100,000 USDG is automatically deducted from his account. However, he no longer holds any USDG as a result of withdrawing and trading activity. As a result, some of his other collateral assets are automatically converted to USDG to facilitate repayment of the loan.

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