Pricing overview

Walltime's pricing structure is primarily based on a combination of trading fees, which are tiered according to trading volume, and separate fees for fiat (AUD) and cryptocurrency deposits and withdrawals. The platform aims to provide transparent fee schedules, with specific details available on their official fees page Walltime's fee schedule.

Trading fees are typically structured as maker and taker fees. A 'maker' is an individual who places an order that is not immediately matched, adding liquidity to the order book. A 'taker' is an individual who places an order that is immediately matched against an existing order on the order book, removing liquidity. This distinction is common in cryptocurrency exchanges, influencing the applicable fee rate Kraken's explanation of maker/taker fees.

For AUD transactions, Walltime charges fees for both deposits and withdrawals, which can vary based on the method used (e.g., PayID, bank transfer). Cryptocurrency deposits are generally free of charge, though users are responsible for any associated network transaction fees. Cryptocurrency withdrawals incur a Walltime fee in addition to network transaction costs, which can fluctuate based on blockchain congestion and the specific cryptocurrency being withdrawn.

Over-The-Counter (OTC) trading services, available for larger transactions, operate on a negotiated fee basis rather than the standard exchange trading fees.

Plans and tiers

Walltime does not offer distinct subscription plans or tiers in the traditional sense. Instead, its fee structure is primarily volume-based for trading and transaction-based for deposits and withdrawals. All users gain access to the same core features upon account verification, with trading fees adjusting based on accumulated 30-day trading volume.

The trading fee tiers are typically structured as follows:

  • Tier 1: Lowest trading volume, highest maker/taker fees.
  • Tier 2+: Progressively lower maker/taker fees as 30-day trading volume increases.

Specific fee percentages for each tier are subject to change and are detailed on the Walltime fees page. These tiers incentivize higher trading activity by reducing the percentage cost per trade for active users. The exact volume thresholds for each tier are published by Walltime.

For OTC trading, there are no predefined tiers. Instead, the fee for large-volume trades is negotiated directly with the Walltime team. This service is designed for individuals or institutions requiring significant liquidity or wishing to execute large orders without impacting the open market price significantly.

The following table illustrates a typical tiered trading fee structure, though specific percentages and volume thresholds should be verified on the official Walltime fees page:

30-Day Trading Volume (AUD) Maker Fee Taker Fee Best For
< $10,000 0.50% 0.50% Casual traders, new users
$10,000 - $50,000 0.40% 0.45% Moderate-volume traders
$50,000 - $250,000 0.30% 0.40% Active traders
$250,000 - $1,000,000 0.20% 0.35% High-volume traders
> $1,000,000 0.10% 0.30% Institutional or very high-volume traders

Note: These percentages and volume tiers are illustrative. Refer to Walltime's official fees page for current and precise figures.

Free tier and limits

Walltime offers a free tier primarily for account registration and basic platform access. Users can register an account, complete their Know Your Customer (KYC) and Anti-Money Laundering (AML) verification processes, and browse the exchange interface without incurring any upfront costs. This free access allows potential users to explore the platform's features before committing to any transactions.

Upon successful account verification, users can access their Walltime wallet addresses for supported cryptocurrencies. While receiving cryptocurrency into a Walltime wallet typically does not incur a fee from Walltime itself, users are responsible for any associated network transaction fees paid to the blockchain miners. These network fees are independent of Walltime and are necessary for the transaction to be processed and confirmed on the respective blockchain Cloudflare's explanation of blockchain transactions.

The primary limits associated with the free tier are the inability to trade, deposit AUD, or withdraw any assets until funds are added and transactions are initiated. All transactional activities, including buying, selling, and withdrawing assets, are subject to Walltime's fee schedule. There are no ongoing account maintenance fees simply for holding an account.

Real-world cost examples

To illustrate Walltime's pricing, consider the following scenarios based on typical fee structures:

  1. Scenario 1: Small AUD Deposit and First Crypto Purchase

    • A new user deposits $1,000 AUD via PayID.
    • Cost: Assume a flat $1.00 AUD deposit fee for PayID.
    • The user then buys $1,000 worth of Bitcoin (BTC).
    • Cost: At a 0.50% taker fee (Tier 1), this is $5.00 AUD.
    • Total Cost for Scenario 1: $1.00 (deposit) + $5.00 (trade) = $6.00 AUD.

  2. Scenario 2: Active Trader - Monthly Volume $75,000 AUD

    • An active trader executes $75,000 AUD in trades within a 30-day period.
    • This volume places them in a lower fee tier (e.g., $50,000 - $250,000 tier).
    • Cost (approx): Assume an average taker fee of 0.40% and maker fee of 0.30%. If trades are 50% maker and 50% taker, average fee is 0.35%.
    • Total Trading Cost: $75,000 * 0.35% = $262.50 AUD.
    • This user also withdraws $5,000 AUD to their bank account.
    • Cost: Assume a $10.00 AUD withdrawal fee.
    • Total Cost for Scenario 2: $262.50 (trading) + $10.00 (withdrawal) = $272.50 AUD (excluding any deposit fees for funds initially brought in).

  3. Scenario 3: Cryptocurrency Withdrawal

    • A user withdraws 0.1 BTC from Walltime to an external wallet.
    • Cost: Walltime charges a fixed BTC withdrawal fee (e.g., 0.0002 BTC) plus the dynamic network transaction fee.
    • If the network fee is 0.00005 BTC, the total withdrawal cost is 0.00025 BTC.
    • Total Cost for Scenario 3: 0.00025 BTC (variable, depending on Walltime's fee and network congestion).

  4. Scenario 4: OTC Trade

    • An institutional client executes an OTC trade of $500,000 AUD for Ethereum (ETH).
    • Cost: The fee is negotiated directly with Walltime. This might be a flat percentage (e.g., 0.15%) or a fixed amount.
    • Total Cost for Scenario 4: $500,000 * 0.15% = $750.00 AUD (illustrative, actual fee is negotiated).

How the pricing compares

Walltime's pricing model, particularly its tiered trading fees and separate deposit/withdrawal costs, is consistent with many centralized cryptocurrency exchanges. However, the specific rates can vary significantly when compared to alternatives like Coinbase, Kraken, or Binance.

  • Trading Fees: Walltime's initial taker fees (e.g., 0.50%) for low volumes are comparable to, or sometimes slightly higher than, the base rates of some larger global exchanges. For instance, Coinbase Pro (now Coinbase Advanced Trade) typically starts with a 0.60% taker fee for volumes under $10,000 Coinbase fee schedule, while Kraken's base taker fee is 0.26% for similar volumes Kraken's fee policy. Binance generally offers highly competitive fees, starting around 0.10% for spot trading, with further reductions for using their native BNB token Binance fee schedule. Walltime's fees become more competitive in its higher volume tiers.

  • AUD Deposit/Withdrawal Fees: As an Australian-focused exchange, Walltime provides direct AUD fiat on/off-ramps. The specific fees for AUD deposits (e.g., PayID, bank transfer) and withdrawals are a key consideration. Some global platforms may have higher fees or more limited options for AUD transfers, or may require conversion to USD first, incurring additional FX costs. Walltime's fees for these services are generally transparent and competitive within the Australian market.

  • Cryptocurrency Deposit/Withdrawal Fees: Most exchanges, including Walltime, offer free crypto deposits (excluding network fees). Crypto withdrawal fees, however, vary. Walltime's fixed withdrawal fees plus network costs are a common model. Some platforms might subsidize network fees for certain assets or offer dynamic fees that adjust with network congestion. Users should compare specific asset withdrawal fees across platforms.

  • OTC Services: For large transactions, Walltime's OTC desk offers negotiated rates. This is a common service among major exchanges, providing personalized liquidity. The competitiveness of these rates depends on the volume and specific negotiation, but they generally aim to be lower than standard exchange trading fees for significant orders.

In summary, Walltime's pricing is structured to cater to the Australian market with competitive AUD fiat services. While its base trading fees might be higher than some global giants for low volumes, its tiered structure rewards active traders. For users prioritizing direct AUD access and local compliance, Walltime presents a viable option, with its overall costs needing to be evaluated against individual trading habits and specific transaction types.