Nubank Announces Changes to Cryptocurrency Transaction Fees Due to New Tax Regulations

Nubank, a major digital bank in Latin America, has announced adjustments to its fees for Bitcoin and other cryptocurrency transactions made through its app. These changes are a direct result of new regulations regarding the Imposto sobre Operações Financeiras (IOF), a Brazilian tax on financial operations.

The good news: Cryptocurrency exchanges within the Nubank app will remain exempt from these fees. This means users can still trade crypto for crypto without incurring additional charges.

However, buying and selling cryptocurrencies will now be subject to the updated fee structure, impacting all available digital assets for investors.

Here’s a Breakdown of the New Nubank Cryptocurrency Fees

The new IOF rules have led to the following fee adjustments, depending on the amount of cryptocurrency traded within a 45-day period:

• For transactions exceeding R$ 10,000: The fee has increased from 0.2% to 0.6%, representing a 200% increase.
• For transactions between R$ 2,000 and R$ 10,000: The fee has doubled from 0.4% to 0.8%.
• For transactions between R$ 100 and R$ 2,000: The fee has risen from 0.6% to 1%, a 66% increase.
• For transactions under R$ 100: The fee has increased from 0.8% to 1.2%, a 50% increase.

Nubank has provided detailed information about the IOF’s impact on its financial products on its official blog. The Ministry of Finance initially announced these changes on May 22nd.

What Cryptocurrencies Does Nubank Offer?

In addition to Bitcoin (BTC) and Ethereum (ETH), Nubank offers a diverse selection of altcoins. As of May 26, 2025, the following cryptocurrencies are available on the platform:

• Maker (MKR)
• Immutable X (IMX)
• The Graph (GRT)
• Quant (QNT)
• XRP (XRP)
• Solana (SOL)
• USDC (USDC)
• Cardano (ADA)
• Chainlink (LINK)
• Avalanche (AVAX)
• Stellar (XLM)
• Hedera (HBAR)
• Bitcoin Cash (BCH)
• Polkadot (DOT)
• Litecoin (LTC)
• Uniswap (UNI)
• NEAR Protocol (NEAR)
• Aave (AAVE)
• Ethereum Classic (ETC)
• Cosmos (ATOM)
• Polygon (POL)
• Arbitrum (ARB)
• Algorand (ALGO)
• Celestia (TIA)
• Optimism (OP)
• Lido DAO Token (LDO)
• Tezos (XTZ)

This extensive list gives Nubank customers a total of 29 cryptocurrency options for investment.