Bitladon Fees and Costs

We look at the fee structures of the cryptocurrency broker Bitladon as it offers 200+ cryptocurrencies. How are the buy and sell prices calculated? Let’s find out!

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How are the cryptocurrency prices calculated on Bitladon?

Bitladon buys its own cryptocurrencies on different international exchanges and is therefore susceptible to the crypto volatility between buy and sell prices. Prices vary minute by minute, hour by hour and day by day. Prices will depend and be determined by the spread and impacted by slippage in some cases. What’s that, we’ll take a look!

What is the spread on Bitladon?

Many clients ask questions on how the spread works on the exchange.

We’ll take a look at an example (coins will be bought with BTC and not euro). 

At the moment of purchase you pay for example 0.000019 BTC for a one coin.
If you want to sell this coin at the exact same moment, you only get 0.000016 BTC.  

The difference between these two prices is called the spread. This is what Bitladon calls the difference between the market value and the sales value. The same system will applied in the traditional stock market. There the spread is called the difference between the bid and ask prices.

Due to volatility the height of the spread can change continuously.This difference does not seem that much but it can be as much as 20% on low liquidity coins. Be aware!

What is slippage on Bitladon?

How could it be that the price given was different from the price I paid? Well, small cryptocurrencies have the problem that they have very small order books. This can impact the price of a coin considerably.

When purchasing 100 coins all in once, it could be that;

30 coins cost 6 cents
30 coins cost 8 cents
40 coins cost 12 cents

This is known as slippage! It results in a purchase more expensive than firstly calculated by the price calculator.

What are the fees of Bitladon?

At the time of writing Bitladon uses variable trading fees. The standard fee is around 1%. Note that this can change depending on the cryptocurrency.

In addition Bitladon uses the any-to-any exchange method. It allows you to exchange your crypto directly for other crypto, without having to sell first to fiat. This functionality of Bitladon halves the transaction fees and is a big advantage by saving costs and improves convenience.

What are the cryptocurrency deposit fees on Bitladon? 

Bitladon requires the amount sent to your Bitladon account to have a minimum value of €5. Because they have to pay a transactional fee to process the coins.

What are the withdrawal fees on Bitladon? 

When sending or withdrawing cryptocurrency, Bitladon withholds a fee. The withdrawal fee varies depending on the cryptocurrency being withdrawn. Be aware of those additional costs before withdrawing.

For example; 

  • Bitcoin (BTC) – 0.00030000 BTC
  • Ethereum (ETH) – 0.00141351 ETH
  • XRP (XRP) – 0.25000000 XRP

What is Bitladon VIP Program?​​

The big advantage of trading a lot at Bitladon is that you will be rewarded with a discount on the trading fees. The more you trade the more discounts you earn. Your VIP status will be determined by your 30 day trading volume.

There are 8 different VIP levels, each with its own discount ranging from the standard fee of 1% to 0.10%.

Bitladon Fees

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