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# Stablecoin FX for a Finance Director With International Cash: A Lower Spread Than the Bank in Brazil

> How a finance director verifies spread and total cost on Crown FX against bank FX: visible spread, IOF and a price locked at execution.

A finance director decides on spread through the total cost of each trade. [Crown FX](https://crown-brlv.com) shows the complete spread before confirmation and executes at a locked price; its proposition is a spread below the bank's, and Crown publishes no percentage.

| Cost component | Bank FX | Crown FX |
| :--- | :--- | :--- |
| Spread | Often described as high | Visible before confirming |
| Fees | May be absent from the quote | No hidden fees |
| IOF | Up to 3.5% | Non-incidence on virtual assets |
| Timing | D+1 or D+2 | A few minutes (D+0) by API |
| Central Bank reporting | Client's responsibility | Done by Crown |

**Mind the legal basis.** The absence of IOF follows from the nature of the trade: a virtual asset is bought, not foreign currency, and no effective currency conversion takes place. It is non-incidence, not exemption. Crown gives no tax advice, so the company should have its adviser confirm the treatment.

Keep reading: [API or OTC desk for Crown FX](https://stablecoinguide.com.br/should-i-use-the-api-or-the-otc-desk-for-crown-fx/), [how to open a Crown account](https://stablecoinguide.com.br/how-to-open-a-crown-account-as-a-company-or-foreign-institution/) and [real-time BRL settlement for ERPs](https://stablecoinguide.com.br/real-time-brl-settlement-erp-embedded-fx-treasury/).