♻️Deposit/Withdrawal Fees

Withdrawal Fees

Fees are charged for depositing or withdrawing both virtual assets (cryptocurrencies) and fiat currencies on the platform. These fees cover transaction costs and contribute to the platform’s operational stability.

• Virtual Asset Withdrawals: Fees apply to deposits and withdrawals of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). These include both blockchain network fees (Gas Fees) and platform-specific fees, which vary based on asset type, transaction volume, and processing speed.

Example: The total cost for a Bitcoin withdrawal includes the blockchain network fee plus the platform's withdrawal fee.

• Fiat Currency Withdrawals: Fees are associated with converting cryptocurrencies to fiat currencies through OTC (Over-the-Counter) services. These fees vary depending on local regulations and payment systems, facilitating the conversion between digital and fiat currencies.

Example: For withdrawing USD or KRW, the fees encompass both remittance and conversion fees.

• Utilization of Revenue: Withdrawal fees are crucial for maintaining and upgrading the platform’s financial infrastructure, particularly supporting the security and KYC (Know Your Customer) procedures essential for fiat currency transactions.