Academy › Swap basics › Lesson 3
Swap fees explained: why you receive less than the quote
The number that matters is the amount that lands in your wallet.
01Network fees
Every blockchain charges a fee to move coins. The service pays one on the payout and may pass it on to you.
02Service fee and spread
Swap services earn through a fee or through the difference between their buy and sell rate.
03Minimum amounts
Very small swaps can lose a large share to fixed network costs, which is why services set minimums.
04Comparing quotes
Compare the final "you receive" amount, not the advertised fee percentage.
Key pointCompare swaps by the final amount you receive, after network fees, service fees and spread.