In the world of cryptocurrency trading, understanding the fee structure is crucial for traders looking to optimize their profits and manage their investments effectively. In this article, we delve into CoinSavi's fee structure, trading fee rules, and withdrawal limits to provide users with the detail information.
Trading fee
CoinSavi employs a tiered trading fee structure that differentiates between makers and takers.
| Fee |
Maker (Spot trading) | 0.080% |
Taker (Spot trading) | 0.100% |
Makers are traders who place limit orders that enter the order book, while takers are those who place market orders that are filled immediately.
For example:
If the current lowest ask price for BTC is 1,000 USDT and you initiate a maker order with a bid price of 999 USDT, this order won't be immediately fulfilled. Instead, it joins the order book until matched by another trader. Once filled, you are responsible for the maker fee, while the taker covers the taker fee.
In the other hand, if you place a limit ask order and make a successful trade execution, you will be subject to the taker fee.
Calculating Trading Fees
The calculation of trading fees on CoinSavi is straightforward and follows a simple formula:
Trading Fee = Fee Rate × Amount of Bought/ Sold Crypto
For example:
Consider a scenario involving Spot BTC/USDT trading, where the current price of BTC is 20,000 USDT. Let's explore two trading situations to illustrate how fees are calculated:
Trader A buys 1 BTC at the market price as a taker. The trading fee, in this case, would be 0.1% × 1 = 0.001 BTC. After the fee deduction, Trader A would receive 0.999 BTC.
Trader A sells 1 BTC at a limit price of 20,000 USDT. Since this action makes Trader A a maker, the trading fee becomes 0.08% × 20,000 = 16 USDT. After deducting the fee, Trader A would receive 19,984 USDT.
Deposit and Withdrawal fee and limit
Users have the option to deposit from various blockchain platforms to their CoinSavi accounts. Moreover, owing to the collaboration with Remitano, users can conveniently conduct instant transfers from Remitano to CoinSavi.
Likewise, users can withdraw to the crypto wallet addresses and seamlessly transfer from CoinSavi to Remitano.
| Fee |
Deposit | Zero fee |
Withdrawal | Vary depending on the state of the blockchain networks |
Transfer USDT between Remitano and CoinSavi | Zero fee |
24h withdrawal limit (USD)
CoinSavi imposes a 24-hour withdrawal limit to ensure security and compliance. This limit refers to the maximum amount of cryptocurrency a trader can withdraw within a 24-hour period, expressed in USD equivalent. The withdrawal limit varies based on the trader's identity verification level.
Traders looking to increase their withdrawal limit can do so by contacting CoinSavi's customer support. This flexibility accommodates the evolving needs of traders while maintaining stringent security measures.
For example:
Your 24-hour withdrawal limit is 300 USD. After withdrawing 250 USD, 25 USD equivalent in OMG, and 15 USD equivalent in XUC, you'll have a remaining limit of 10 USD for withdrawals within the next 24 hours. If you intend to withdraw 20 USD equivalent in XRP, exceeding the 10 USD limit, withdrawal won't be possible until the following day. Alternatively, you can reach out to our customer support to potentially increase your limit.