QUESTION
What are the fees for using CoinSwitch?
ANSWER
CoinSwitch offers a unique and seamless way to trade cryptocurrencies, with its fees embedded into the conversion rate itself. Typically, CoinSwitch doesn't charge a separate service fee but earns from the spread between the buying and selling price of each transaction. The trading fee, therefore, fluctuates depending on the exchange platform used through CoinSwitch, as well as market conditions and liquidity of the selected cryptocurrencies. It's also important to note that network fees or blockchain transaction fees are incurred when making crypto transactions. These fees go directly to miners or validators who maintain the cryptocurrency's network and are not controlled by CoinSwitch. Hence, users should always review the final conversion rate and associated network fees prior to executing any trades on the platform.
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