What Does Peanut Cost?
Peanut charges no explicit fees on any operation — deposits, withdrawals, QR payments, sending money, and collecting money are all free. The only cost is the exchange rate conversion spread when converting between currencies, which comes from the rate providers, not from Peanut.
Fee Schedule
| Operation | Peanut Fee |
|---|---|
| Crypto deposit (any network) | Free |
| Bank deposit (SEPA, ACH, wire) | Free |
| QR payment (Mercado Pago, Pix) | Free |
| Cash ATM withdrawal | Free (ATM operator may charge a small fee) |
| Bank withdrawal (SEPA, ACH) | Free |
| Crypto withdrawal (any network) | Free (gas covered by Peanut) |
| Peanut Link (create or claim) | Free |
| Peanut Request (create or contribute) | Free |
| Account maintenance | Free |
There are no monthly fees, no hidden charges, no minimum balance, and no account closure fees.
Exchange Rates
When you convert between currencies (e.g. paying in Argentine pesos from your dollar balance), the displayed rate includes a small spread from the rate provider:
- EUR ↔ USD: ~0.50% spread (via rate provider)
- USD ↔ local currency (ARS, BRL): ~0.80% spread (via rate provider)
These spreads are not Peanut fees — they are passed through from the providers at cost. The rate locks at the moment of payment — the amount shown on the confirmation screen is exactly what gets charged. No slippage, no post-transaction adjustments.
How Peanut Saves You Money
Even with provider spreads, Peanut often costs less than alternatives in Latin America because it uses a direct market conversion rate that bypasses regulated rates:
- Argentina: 5-8% better than credit card rates on average
- Brazil: Up to 3.5% savings on outbound transfers (no Tax on Financial Operations)
For a detailed comparison, see the pricing page.