Cryptocurrency deposit/withdrawal fees
There is no cryptocurrency deposit fee.
The withdrawal fee is taken in the withdrawal currency, the amount of this fee is set in the blockchain currency and converted into the withdrawal currency (as well as in KickToken) at the current rate when you go to the "Withdrawal" page before entering the transfer amount.
Ecosystem account
All ecosystem products will use KickTokens for various operations. For this purpose, a special expense account (or ecosystem account) has been created, which can be deposited with KickToken (KICK). The withdrawal of KickToken from this account is impossible. This account is used exclusively for paying Kick Ecosystem services fees.
All the referral KickTokens, received using ratings and the referral program, are credited to this account on KickEX exchange. Then these tokens are used to pay fees, which are charged when withdrawing funds received from the referral network. The size of the fee is up to 10% of the withdrawal amount in KICK tokens.
Trading fees and discounts
The basic trading fee is: maker 0.05%, taker 0.07%.
The fees can be reduced:
- for the trading volume in the past 30 days;
- for the number of KickTokens on the balance;
- for the number of KUSD tokens on the balance;
- for paying the trading fee using KickTokens.
Discount for the trading volume
The discount is calculated depending on the trading volume in USDT equivalent for the past 30 days.
|
Trading volume for 30 days (USDT) |
Discount |
|
< 100,000 |
0% |
|
≥ 100,000 |
3% |
|
≥ 500,000 |
5% |
|
≥ 1,000,000 |
8% |
|
≥ 2,000,000 |
10% |
|
≥ 10,000,000 |
15% |
|
≥ 20,000,000 |
20% |
|
≥ 50,000,000 |
25% |
|
≥ 100,000,000 |
30% |
To calculate the trading volume per day, trading volumes in the quote currencies, for each hour during the day, are converted into USDT (the equivalent in USDT is calculated depending on the exchange rate at the beginning of the current hour) and summed up.
Discount for the number of KickToken on the balance
The 10% discount is provided if over the past 24 hours (incoming and hourly balances) the minimum number of KickToken on the balance was at least $50,000 in equivalent. Funds on the ecosystem account are not taken in consideration.
Discount for the number of KUSD tokens on the balance
The 10% discount is provided if over the past 24 hours (incoming and hourly balances) the minimum number of KUSD tokens on the balance was at least $100,000 in equivalent.
Discount for KickTokens on the ecosystem account and fee payment from this account
The 25% discount applies only to the part of the fee which is paid in KickToken and is summed up with the general discount.
The fee can be paid in KickToken from the ecosystem account. This option is enabled by default and can be disabled in the settings.
Up to 50% of the fee can be paid using KickTokens. The 25% discount applies only to the part of the fee paid in KickToken.
If the KickTokens on the ecosystem account are not enough to pay 50% of the fee, then the remaining amount of KickToken can be used, and the remaining fee will be paid in the quote currency.
New discounts are calculated and become available on the next day. Until this moment, old discounts will apply.
Cryptocurrency withdrawal fees
The withdrawal fee is taken in the withdrawal currency. Fees are charged dynamically - оnce a two minutes, the withdrawal fee varies depending on the network congestion of a specific blockchain.
The current withdrawal fee for each currency can be seen on KickEX in the Withdrawals section by selecting the currency.