Cryptocurrency trading commissions

When you trade crypto using the Hapi app, your order is being sent to Bakkt Crypto for execution. Your cryptos are held at Bakkt Crypto.

Bakkt Crypto charges 1% markup to pay for their service. This markup is reflected in the price at which Apex Crypto executes your order to buy or sell. All costs associated with facilitating the transaction of crypto and its custody are covered by the markup. Hapi licenses his software to Apex Crypto for the trading of cryptocurrencies and receives some revenues in exchange.

Here you can find an example of how the pricing of cryptocurrencies work:

Let say crypto ABC has a market price of US$ 100.
And you want to buy one coin of ABC.
With Bakkt Crypto 1% markup, your order of one ABC crypto will be executed at a US$ 101 price.

Is a markup a commission?

A commission is the service fee charged by a brokerage firm to execute and handle your desired purchase or sale of a security. Hapi does not charge any commission on securities trades. Now cryptocurrencies are not securities and your trades of crypto are done through Bakkt Crypto who charges a mark up for each transaction.

Do you have a question? Hapi team is always available for you, email us at contacto@imhapi.app we are here to help you! 😁

contacto@imhapi.app

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All investments involve risk, including the loss of capital. Hapi offers self directed investment accounts for those investors who feel comfortable managing their own investments. For a full list of our disclosures, please visit our disclosures page.

Hapi Securities LLC is an SEC registered broker-dealer, a member of the Financial Industry Regulatory Authority (“FINRA”) (CRD number 311868), and Securities Investor Protection Corporation (“SIPC”), which protects securities of its members customers for up to US$ 500,000 (including US$ 250,000 in cash). For additional information visit SIPC Please note, SIPC covers the return of your securities should Hapi become insolvent, not against the decline of your securities. Click here. for Hapi’s form CRS, which describes Hapi’s products and services.

Hapi is a company incorporated and operated in the United States of America. It is the client's responsibility to ascertain the legal requirements that the current legal framework applicable in its country of residence establishes about the services provided by Hapi, as well as to ascertain whether the current legal framework applicable in its country of residence allows using the services provided by Hapi. When you use Hapi you are operating in the United States of America. This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Hapi is not registered, or Hapi’s operations contravene local laws.

Hapi offers commission free trading. However, certain fees may apply to certain products, operations and investments. Please refer to our full Fee schedule.

Cryptocurrency execution and custody services are provided by Bakkt Crypto Solutions LLC through a software licensing agreement between Bakkt Crypto Solutions LLC and Hapi Crypto LLC. Cryptocurrency trading is offered through an account with Bakkt Crypto. Bakkt Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please make sure you fully understand the risks involved before trading.