What are the fees associated with using City Telecoin for cryptocurrency transactions?
Emon SarvisDec 15, 2021 · 3 years ago1 answers
Can you provide more details about the fees charged when using City Telecoin for cryptocurrency transactions? How much do they charge for deposits, withdrawals, and trading? Are there any additional fees or hidden charges that users should be aware of?
1 answers
- Dec 15, 2021 · 3 years agoCity Telecoin offers a transparent fee structure for cryptocurrency transactions. When it comes to deposits, City Telecoin charges a flat fee of 0.5% of the transaction amount. This fee is deducted from the deposited amount. For withdrawals, City Telecoin also charges a fee of 0.5% of the total withdrawal amount. These fees are relatively low compared to other exchanges in the market. In terms of trading fees, City Telecoin follows a maker-taker fee model. Makers, who provide liquidity to the order book, are charged a fee of 0.1%. Takers, who take liquidity from the order book, are charged a fee of 0.2%. These fees may vary depending on the specific cryptocurrency being traded. City Telecoin aims to provide competitive fees and a user-friendly trading experience for its customers. It's always a good idea to review the fee schedule on their website for the most up-to-date information.
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