There are two kinds of fees charged by the Hedged Bitcoin application:
- Assets Fee: 1% per annum of the assets under management of the application, charged daily;
- Gains Fee: 20% of realized gains charged monthly.
Importantly, the Gains Fee is not charged unless the user account under management realizes a positive gain in a given time period. Please see more details about the fees here.
If a user wishes to cancel the Hedged Bitcoin service, the user is not entitled to a refund of any Asset Fees and Gains Fees already collected from their account. When the user cancels the service, the Gains Fee will be applied at that time accounting for the gains realized to date, if positive.
Separately from the Hedged Bitcoin fees, the Uphold Platform may charge the user additional fees for asset conversion depending on the asset they choose to be managed by the Hedged Bitcoin application. For more details please see "What assets can I deposit".