I'm curious about the transaction fees for USDC coins. I want to know how much it costs to send or receive USDC coins. Can someone please tell me the specific amount or rate for these fees?
As transaction volumes increase, the fee structure gradually adjusts to reflect the higher volumes. For transactions exceeding $40 million but not exceeding $60 million, a fee of 0.05% is applicable to both standard and LP Tier 2 clients. This incremental approach ensures that larger transactions are still economically viable.
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ValentinaThu Oct 17 2024
For transactions in the range of $60 million to $150 million, the standard fee increases to 0.10%, while LP Tier 2 clients continue to enjoy a discounted rate of 0.05%. This discounted rate underscores the benefits of being a valued client within the exchange's ecosystem.
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RaffaeleThu Oct 17 2024
The USDC to USD Conversion Fee Table provides a clear overview of the transaction costs associated with converting USDC, a stablecoin, into its fiat counterpart, USD. This fee structure is designed to cater to clients with varying transaction volumes, ensuring fairness and transparency in the exchange process.
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CherryBlossomDanceThu Oct 17 2024
For even larger transactions, exceeding $150 million but not exceeding $500 million, the standard fee further escalates to 0.20%. However, LP Tier 2 clients still maintain a lower fee of 0.10%, highlighting the importance of long-term partnerships and loyalty within the industry.
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BonsaiVitalityThu Oct 17 2024
For clients within the LP Tier 2 category, the initial fee structure is highly favorable. Specifically, for transactions up to $40 million, there is no conversion fee charged, offering a cost-effective solution for smaller transactions.