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RE: Join the TradeQwik Beta and Win Prizes!

in #steem • 8 years ago (edited)

Hey! This sounds amazing!

May I ask about the fees of trading for instance steem or steemdollars into USD? Any idea how high they will be approximately?

I have a project in the making and one of its best use-cases is that the fees are so low thanks to the steem blockchain, but of course there will have to be some fees to have it exchanged to USD and get it on your bank account.

8 years ago in #steem by
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     8 years ago (edited)

    Thanks for the compliment!
    We're still feeling out the fees and they will evolve over time.
    Right now the fees vary depending on how much our company "VIVA Payment Systems" needs the currency. Example we have a large standing order for SBD so SBD into USD is done without fees.

    All of our currencies are free to deposit. Trading fees are mostly 0.05% and those are only charged on market orders, or the part of a limit order that fills immediately.

    At present the only withdrawal fees are the network fees for the given currency.

    Of course that will change over time.
    We have a full API and I'll add a "fees" API so you can get current fees. In the meantime you can look at the most recent trades to see by going here...
    https://live.tradeqwik.com/api/1/recent_trades/USD/STM

    Just substitute USD/STM for any open market.

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     8 years ago 

    Thanks for the detailed reply! Looking forward to using the site and see how it evolves!

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     8 years ago 

    You're very welcome and welcome aboard! Don't forget to ask for an invite to slack by sending an email to [email protected]

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