-Trading Fees 0.01% on Buy and Sells/Deposit and Withdraws are free!
We are also brand new, so please spread the word! We do understand that we are brand new and also doing this anonymously, so we do understand it may take some time to gain the trust of others here.
This
https://coinvex.org/fees page showing different number 0.10%
Good luck on staying anonymous in cryptospace these days if you start to attract large volumes you will get attention from authorities. Also is their Any KYC or you guys are planning to provide service without any verification?
To ensure withdrawals are successful, we will freeze the minimum balance
Does this mean some balance will be frozen in wallet that can't be withdrawn or it is withdrawal fee?
Well, we do have a backup plan in case of our cover being blown. I have no intentions of doing anything malicious with the exchange, I just want a good exchange with good solid mostly old school cryptos.
No KYC is planned currently, We would ideally like to keep it that way. In our jurisdiction, nothing is required for a crypto to crypto exchange.
For withdrawals, since most chainz have a network fee of some sort for miners or stakers, we essentially enforce a minimum balance. For example:
Bob deposits 0.0002 BTC, our minimum balance for BTC is 0.0001, so when he goes to withdraw, he can withdraw 0.0001 BTC, and the network fee will be taken from the minimum balance fund in your account, so you would have 0.000068 BTC for example in your remaining balance just depending on the network fees themselves, while receiving the 0.0001 BTC. We do not take any fees from withdraws, the minimum is simply there to prevent mishaps with balances.
Also we fixed the fees pages to reflect the actual fees. Thanks for pointing that out!
I see this exchange is quite interesting in terms of its appearance and after opening it is not too slow, I think this is a new breakthrough going forward, at this time I still haven't registered yet so I don't know what features are there at the moment.
Thank you, Please join our Discord as well! We are growing slow and steady. We continue to update things and upgrade the exchange, we want this to succeed for everyone.
https://discord.gg/4gsTaARWe do hope to get some Mobile Apps out soon!
https://twitter.com/coinvexchange - If you have Twitter follow us!
