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2020 Crypto Exchanges Fees Comparison - SwipeX vs The Rest

In 2020, a simple search for ‘cryptocurrency exchange’ will yield hundreds of results, all claiming to be the cheapest way to buy cryptocurrency. However, a good chunk of these sites will show stripped down prices on the homepage. By the time you get to the checkout page, odds are you’ll be surprised by the surcharges that creeped out of the fine print.

Instead of claiming to be the cryptocurrency exchange with the lowest fees, SwipeX aims to earn your trust. We believe in delivering a reliable service on a platform that you can count on.

Types of Fees on a Crypto Exchange

These are the types of fees you typically see on a cryptocurrency exchange.

Deposit Fees

Deposit fees are charged when a user deposits some amount into their account. When the deposited amount is a cryptocurrency, exchanges will often waiver these fees. However, when the deposited amount is in fiat currencies, the deposit fee is almost always charged. The size of the deposit fee depends on the amount deposited and the payment method.

Exchange Fees

Exchange Fees or Trading Fees are the main source of earning for a cryptocurrency exchange. Every trade exists between two parties; “the maker” and “the taker”. The maker is the person who “makes” the order that gets executed (like products on a store shelf) and the taker is someone who “takes” the order that the maker made (taking away the inventory from the store).

Exchanges charge fees to both parties. However, takers typically pay a higher charge. Makers are often charged lightly and even discounted as they are responsible for creating liquidity in the market.

Withdrawal Fees

Withdrawal fees are charged when you want to withdraw some amount from your account on the exchange. Whether you earned this amount through trading or it is the amount you originally deposited into the exchange account, withdrawing it will cost you some charges.

The withdrawal fee is typically the same regardless of the amount of withdrawal. This happens because in the case of most cryptocurrencies, there is a fee that is charged by the network. This fee is typically charged per transaction and not per unit of cryptocurrency. The exchange simply passes that fee onto the customer.

There are some exchanges that charge by percentage. Meaning the withdrawal fee is calculated based on a percentage amount already agreed upon between the customer and the exchange. This type of fee can be beneficial if you are withdrawing small amounts of cryptocurrency. However, withdrawing a bigger amount can become very expensive.

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Types of Fees on a Crypto Exchange

These are the types of fees you typically see on a cryptocurrency exchange.

Deposit Fees
Deposit fees are charged when a user deposits some amount into their account. When the deposited amount is a cryptocurrency, exchanges will often waiver these fees. However, when the deposited amount is in fiat currencies, the deposit fee is almost always charged. The size of the deposit fee depends on the amount deposited and the payment method.


Exchange Fees
Exchange Fees or Trading Fees are the main source of earning for a cryptocurrency exchange. Every trade exists between two parties; “the maker” and “the taker”. The maker is the person who “makes” the order that gets executed (like products on a store shelf) and the taker is someone who “takes” the order that the maker made (taking away the inventory from the store).

Exchanges charge fees to both parties. However, takers typically pay a higher charge. Makers are often charged lightly and even discounted as they are responsible for creating liquidity in the market.


Withdrawal Fees
Withdrawal fees are charged when you want to withdraw some amount from your account on the exchange. Whether you earned this amount through trading or it is the amount you originally deposited into the exchange account, withdrawing it will cost you some charges.

The withdrawal fee is typically the same regardless of the amount of withdrawal. This happens because in the case of most cryptocurrencies, there is a fee that is charged by the network. This fee is typically charged per transaction and not per unit of cryptocurrency. The exchange simply passes that fee onto the customer.

There are some exchanges that charge by percentage. Meaning the withdrawal fee is calculated based on a percentage amount already agreed upon between the customer and the exchange. This type of fee can be beneficial if you are withdrawing small amounts of cryptocurrency. However, withdrawing a bigger amount can become very expensive.

SwipeX Exchange Rates

SwipeX boasts a varied and flexible payment plan that allows users to get the most value for their money. Fees are charged on successful deposits, withdrawals and exchange orders. Fees will not be taken from exchange orders that have not matched or withdrawal orders that are unsuccessful. Our pricing page clearly lists up-front what you will be charged for your transactions and actions.

Deposit Fees

No deposit fees are charged for BTC or DAG deposits. A deposit fee of 2 EUR + 2% is charged for deposits in EUR currency.

Withdrawal Fees

No withdrawal fees are charged for DAG. For BTC, the withdrawal fee is 0.0005 BTC. For EUR, the fee is 2 EUR + 2%.

Exchange Fees

Here’s a chart for exchange fees between different currencies

DAG

BTC

2.5%

EUR

BTC

2.5%

BTC

EUR

2.5%

DAG

EUR

2.5%

SF EUR

DAG

0%

EUR

DAG

0%

BTC

DAG

0%

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