Understanding Your Membership Fee
The Membership Fee is a monthly fee applied to all accounts at Wealth99. The Membership Fee covers the essential costs associated with providing licensed custody for your digital assets. This fee ensures that your holdings are protected by institutional-grade security and managed within a regulated framework.
How is the Membership Fee calculated?
We use a tiered structure based on your average portfolio value over a 30-day period.
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Tier 1 (Balances up to $100,000): A fixed fee of $1 per month, plus a 0.95% annual fee on your crypto assets (charged monthly).
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Tier 2 (Balances above $100,000): For any amount exceeding $100,000, the annual fee is reduced to 0.50% (charged monthly).
Example: On a $150,000 crypto portfolio, the first $100,000 is billed at the Tier 1 rate, while the final $50,000 benefits from the reduced Tier 2 rate.
How is my portfolio value determined?
To ensure your membership fee is fair and reflects market fluctuations, we use an average daily balance over your 30-day billing cycle. This means we take a snapshot of your crypto holdings each day and calculate the average value at the end of the period.
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What is included: All cryptocurrencies held in your Wealth99 Wallet.
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What is excluded: Your traditional cash balances (AUD, GBP, or EUR) are entirely excluded from this calculation.
When is the membership fee deducted?
Your billing cycle begins on the date your account was first verified. Fees are deducted on the first day following the end of each 30-day period.
In which currency is the fee paid?
There is a default order of coins used to collect the fee. You can customise the order of the first three coins to align with your strategy.
Default Payment Structure: Wealth99 Australia
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AUD
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Tether (USDT)
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Bitcoin (BTC)
Default Payment Structure: Wealth99 Global
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GBP
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EUR
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Bitcoin (BTC)
If your primary asset does not have a sufficient balance, the system will automatically move to the next asset in the sequence. This will continue until the fee is successfully deducted or there are no remaining eligible coins. You can view the full coin deduction structure in Settings > Membership > Membership Current List.
How do I change my currency payment order?
If you wish to prioritise a specific asset for fee payments among the 3 available options, follow these steps:
1. Log in and navigate to the Settings page in the left-hand menu.
2. Select the Membership tab.
3. Click on Membership Fee Current List.
4. Drag and drop the assets into your preferred sequence, and then click Confirm Changes.
How can I view my membership fee payments?
You can view your full billing history, including the billing period and next payment date, by navigating to Settings > Membership.
The membership fee deductions are also recorded in your transaction history, as Membership Payment.
When did this fee structure begin?
This fee structure was introduced on 1 May 2022, with the first deduction applied in early June 2022.