Overview
Comet provides a seamless and intuitive way to trade Cardano-native tokens. As with all financial platforms, certain fees apply when making transactions. This article explains the fees associated with trading, withdrawing funds, and using Comet’s fiat on/off-ramp provider, OnRamper.
Transaction Type | Fee |
Trading Fee | 1% (Minimum 1 ADA) |
Sending Tokens/ADA (Withdrawal to another Cardano wallet) | Standard Cardano network fee |
Buying or Selling ADA via OnRamper | Varies (Check OnRamper’s website) |
Trading Fees on Comet
When executing a trade on Comet, a 1% fee is applied to the transaction. However, a minimum fee of 1 ADA applies.
If 1% of the trade amount is less than 1 ADA, the minimum fee will be 1 ADA.
If 1% of the trade amount is greater than 1 ADA, the fee will be 1% of the trade’s total value.
Withdrawal Fees (Sending Tokens to Another Wallet)
If you choose to send ADA or Cardano-native tokens from your Comet wallet to another Cardano wallet, a standard Cardano network fee will apply.
These blockchain fees fluctuate depending on network congestion and are required to process transactions on the Cardano network.
Comet does not control or set these fees.
OnRamper Fees for Buying and Selling ADA
Comet integrates OnRamper, a third-party fiat on/off-ramp provider, to allow users to:
Buy ADA using credit/debit cards, Apple Pay, Google Pay, bank transfers, and other payment methods.
Sell ADA and withdraw funds back into fiat currencies like USD, AUD, and EUR via bank transfer, credit card, or other supported options.
Since OnRamper is an external provider, its fees vary depending on:
The payment method used (card transactions may have different fees than bank transfers).
Regional regulations that may affect pricing.
OnRamper’s internal pricing policies, which are subject to change.
To get the most up-to-date information on OnRamper’s fees, visit OnRamper’s website before completing a transaction.
What’s Next?
Now that you understand the fees on Comet, check out these other guides:
