RAMPING FEES

OFF-RAMP (Transfer NGN out, receive cNGN)

Platform fee: You are charged 0.1%(0.001) capped at 200 NGN + Stamp Duty_{if applies} + 7.5% VAT

Base withdrawal fee: For transaction below 50,000 NGN is 55 NGN + Stamp Duty_{if applies} + 7.5% VAT

VALUE ADDED TAX(VAT)
7.5% of “fee”

• Base VAT: 7.5% of 55 NGN = 4.125 NGN
• Platform fee VAT: 7.5% of 0.001_capped Stamp duty: 50 NGN (for transactions above 10,000 NGN)

NOTE:

• VAT: This is 7.5% of the FEE, and the government collects this.
• STAMP DUTY: There is a ₦50 Statutory stamp duty charge for transfers above ₦10,000, and the Central Bank of Nigeria collects this.
• GAS FEE: Blockchain fees fluctuate and depend on network congestion.

ON-RAMP (Transfer cNGN out, receive NGN)

Platform fee: You are charged 0.1%(0.001) capped at 200 NGN

Base deposit fee: For transaction below 50,000 NGN is 55 NGN

NOTE:

Gas/Blockchain network fee: (Network dependent, but usually less than $0.1)

TRANSACTION RANGE

Fiat single transaction limit:

100 NGN > 2,000,000 NGN

cNGN single transaction limit:

100 cNGN > ∞ cNGN

Note: If you require a higher single transaction limit, please message the team or email admin@flintapi.io

OTC Level Transaction:

If you require personal service to handle single large transactions for your business or HNI customers, do well to message the team or email admin@flintapi.io