What is the dollar conversion fee?

Currency exchange fees are an essential aspect of international transactions, with the cost typically amounting to 1% of the transaction price. This fee is levied by the ATM network or credit card processing company and serves as a charge for converting one currency into another.

BTCC's spot trading service allows users to buy and sell cryptocurrencies at the current market price, providing a straightforward and efficient way to engage in cryptocurrency trading. Its futures trading platform, on the other hand, enables users to speculate on the future price of cryptocurrencies, offering a more advanced trading experience.

The 1% fee is a standard rate that is widely applied across various financial institutions and exchange platforms. It covers the costs associated with the conversion process, including the maintenance of exchange rates and the management of transaction risks.

In addition to the 1% conversion fee, customers may also be subject to a foreign transaction fee, which is charged by their credit card issuer or bank. This fee can vary depending on the institution and the type of card being used.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its users. Among its offerings are spot trading, futures trading, and a secure wallet solution.