You will incur the following fees while transacting with Coinhako:
1. Withdrawing money
You may withdraw your fiat currencies via Local Inter-bank Transfers or Telegraphic Transfers.
Local Inter-bank Transfers
You will be charged a fee of
i) S$2 or S$5 for transfers to Singaporean bank accounts via Xfers.
ii) RM6 for transfers to Malaysian bank accounts
Telegraphic Transfers is a form of electronic transfer that enables overseas wire transactions.
Any Telegraphic Transfers made to an overseas bank account will cost a fee that varies according to the bank which the transfer is being made to.
Kindly check with the bank about any fees before you make any transfers.
There will be no fees charged for any deposits into your Coinhako Wallet.
Here are some other useful support articles to help you with your queries:
- Inter-bank Deposit Processing Time
- Deposits via Inter-bank Transfer
- Withdrawals via Inter-bank Transfer
- Miner Fees (Sending & Receiving Cryptocurrencies)
- Xfers Deposit & Withdrawal Fees