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DE As with any stock market, it is important to consider the fees before you decide to take advantage of them. The fees you pay can have a big impact on your investment return. The higher the fee, the less you can invest and therefore potentially earn. In this article, we look at the fees you pay to Coinmerce and give you more information on what to expect.
Table of Contents
What are the fees on Coinmerce Exchange?
There are many different fees you pay when using Coinmerce. Each trading product has its own fees, so it is important to understand them well before you decide to use them.
What are fees on spot markets?
It is difficult to say exactly what fees you will pay when using the Coinmerce exchange because the fees depend on several factors. It is important to consider these factors before you begin trading on the exchange.
Even the 0.4%, for example, the lowest fee you can pay on the spot markets at Coinmerce, is still higher than the highest fee on exchanges such as Bybit, Binance or KuCoin. That said, the fees at Coinmerce are relatively high.
Trading fees at Coinmerce are flexible and vary between 0.4% and 2.5% depending on various factors
- The volatility of the coin on different platforms
- The volume of the coin on different platforms
- The order book of the coin on different platforms
- The order size of the user
Coinmerce has a fair pricing policy: ‘‘what you see is what you get”.
What are the cryptocurrency deposit fees on Coinmerce?
Depositing money on Coinmerce is free. There are no fees associated with depositing money on the exchange. However, when you use this money on the exchange to trade, you will be charged a fee. This means that depositing money on Coinmerce is free, but using this money on the exchange is not.
What are the fiat deposit fees on Coinmerce?
Depositing money on Coinmerce, whether via fiat or cryptocurrency, is free. Coinmerce does not charge fees for depositing money on the exchange. However, when you use this money on the exchange to trade, you will be charged a fee.
What are the withdrawal fees on Coinmerce?
When withdrawing money from Coinmerce, you pay no fees to the exchange. Instead, regular blockchain transaction fees are charged when you withdraw money from the exchange. This means that the fee you pay depends entirely on the cryptocurrency you are trying to withdraw. It is therefore important to check the transaction fees before withdrawing money from the exchange.
What is the withdrawal time on Coinmerce?
The withdrawal time of money from Coinmerce depends on the blockchain or takeout method used for the transaction. As Coinmerce states on their own website, it takes between 5 and 20 minutes to complete the transaction. For wire transfers, this can be very fast for Dutch banks, while other banks require 1 to 2 business days. If the transaction takes longer, it is wise to contact Coinmerce’s customer service to have it investigated.
What is Coinmerce VIP Program?
Coinmerce does not offer a VIP program. Unfortunately, this means you can’t get a discount on the fees you pay. If you’re looking for ways to save on trading fees, consider comparing with other exchanges.