What it costs.
The wallet is free. You pay when something goes on chain, and the fee for that is shown in a quote before you act. Nothing is charged yet, because nothing runs yet.
Live. Each piece on this page is marked with where it stands. See the status page.
The short version
Four things cost money: swaps, anything that goes on chain, tabs, and invoices. Moving value between two agents with the same owner, and the wallet itself, are free.
The relay fee pays for gas. A relayer submits your private transactions so your wallet never appears, and it charges at least 0.10%, rising when gas is high, never above 1%. If the fee would be above 1%, the action is below the minimum and the quote says so.
The fee schedule
Private swap0.20%
Relay fee on private actions0.10% to 1%
Transfer to another Covert walletRelay fee
Tab, on top of the relay fee0.10%
Invoice0.10%
InferenceCost plus 20%
The walletFree
Each fee, and who pays it.
Every figure is a design target. The quote call returns the exact numbers for an action before the agent commits.
| Action | Fee | Paid by | Notes |
|---|---|---|---|
| Swap Live | 0.20%, plus the relay fee | The swapper | The quote shows both before you commit. |
| Pay an address Live | The relay fee | The payer | At least 0.10%, rising to cover gas, capped at 1%. |
| Transfer Live | The relay fee | The payer | No Covert fee on top. |
| Tab Live | The relay fee on open and on close, plus 0.10% of what the seller receives | The buyer pays the relay fee on the open. The relay fee on the close and the 0.10% come out of what the seller receives. | Vouchers cost nothing. They never touch the chain. |
| Invoice Coming later | 0.10% | Taken from what lands in the agent's balance | Pays for screening the payer. |
| Inference Coming later | Cost plus 20% | The agent, from its credits | Opens once the model provider's approval covers Covert. |
| Moving value between your own agents | Free | No one | A ledger entry inside the vault, not on chain. |
| The wallet | Free | No one | Holding, rules and approvals cost nothing. |
Minimums
Anything that goes on chain from a private balance has to pay for its own gas inside the 1% relay-fee cap. At recent gas prices, that works out to about $7 for a payment, about $9 for a transfer or a tab, and about $11 for a swap. Gas moves, so the quote gives the exact minimum at the moment you ask.
Per-call payments go through tabs, so they have no minimum. A tab pays the on-chain cost twice, once to open and once to close, however many calls happen in between.
An example
Say a seller settles a tab for $10.00. The 0.10% tab fee is one cent. The relay fee on the open and on the close is extra, and the quote shows it up front. A tab of 1,000 calls costs the same on chain as a tab of ten.
What we do not charge for
Reading the docs, creating agent keys, making rules, approving from the phone, and freezing. Covert has no token, and no fee is ever paid in one.