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Safello Introduces New Tier Based Fee Structure

Stockholm, 10 February 2022 | Swedish fintech Safello (https://safello.com/) today announced it will introduce a new tier based fee structure for both purchases and sales of cryptocurrencies. The new fee structure adds further transparency and simplifies the trading process with Safello. Customers will automatically get a better fee level depending on trading volume, compared to the previous structure where eligible customers could apply for premium membership. All purchases and sales will be measured on an aggregated basis on a rolling 12-month period. 

"An automated merit based fee structure presents an equal opportunity for all customers to get better fees depending on their trading volume. This reduces the administrative costs which can be reallocated to accelerate other parts of the business," says Frank Schuil, CEO and co-founder of Safello.

The new fee structure will apply for all payment methods (Swish, SEPA, Bankgiro) regardless of purchasing or selling. Safello Subscription remains at 3%. The new fee structure will be implemented on 14th February 2022, at 09.30 CET. Based on analysis on internal trading data, it is expected that the new fee structure will be earnings neutral compared to the current fee structure. 

The full price list can be found on safello.com/fees as of 14th February 2022.

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For more information, please contact
Evelina Appelskog, PR & Communications Manager, evelina.appelskog@safello.com

Certified Adviser
Corpura Fondkommission AB, info@corpura.se,+46 722 52 34 51

Safello is Sweden's leading online cryptocurrency brokerage with the goal to make crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North since 2021.

Source: Cision
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