MoneyLion does not charge you a transaction fee to buy or sell crypto assets. However, our crypto account and trading provider, Zero Hash, assesses a spread for each purchase and sale transaction.This spread is the difference between the exchange rate (market value) they receive from an exchange and the available quoted price we receive from them. The exchange rate may be higher or lower based on market conditions. Any spread that is assessed by Zero Hash will be included as part of the exchange rate (or market value) you see on your screen. This spread will also affect the quantity (percentage of crypto coin) you actually receive in connection with your purchase.
Important: By using MoneyLion crypto services, you agree to pay all applicable exchange rates (including the spread assessed by Zero Hash). MoneyLion doesn't charge any additional fees for crypto transactions, but may be otherwise compensated by Zero Hash for each purchase and sale transaction.
*Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable MoneyLion Crypto, you must also agree to the Zero Hash LLC and Zero Hash Liquidity LLC terms and conditions and enable your Zero Hash account. Cryptocurrency balances are not covered by FDIC or SIPC insurance.
MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, MetaBank®, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.
The cryptocurrency assets in your Zero Hash account are not held at MoneyLion or MetaBank. MetaBank and MoneyLion are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither MoneyLion, nor MetaBank, is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies.