PAY ZERO FEES FOR TRANSACTIONS, SWAPS, TIPS & AIRDROPS ONLY ON CWALLET
A Guide to Cwallet’s Pricing Structure
Several decentralized and centralized exchanges, as well as custodial and non-custodial wallets, provide crypto services to people; in exchange, these platforms charge fees to make revenue to pay their staff and keep the company running.
There are many types of fees incurred when making transactions. Some can be avoided, while others cannot be avoided. However, even if it may be impossible to avoid ALL costs, every investor needs to reduce fees to the barest minimum to remain profitable.
What are the different fees associated with Crypto Transactions?
. Exchange Fees: Centralized and Decentralized Exchanges facilitate 24/7 trading services, allowing users to swap a crypto asset for another or fiat currency. In addition, some crypto exchanges also support yield farming and derivatives trading.
Centralized exchanges make revenue by charging fees/commissions for each service rendered, while the fees charged on decentralized exchanges are used to reward community governors and liquidity providers.
Some of these fees are:
· Maker and Taker Fees (CEX):
A market maker is someone who provides liquidity in a market by placing a limit order on a CEX. A market taker is someone who puts a market order on a CEX.
Market makers and takers all use the CEX to trade their choice assets.
However, some CEXs charge lower fees for makers than takers. Maker and taker fees on CEXs typically range from 0.025% to 0.75%
· Spread Fees (CEX):
Some CEXs may not charge maker or taker fees when buying/selling assets, but instead, they charge spread fees. Spread fees are fixed charges incurred on the price difference between buying and selling a trading pair.
Spread fees are also charged when swapping crypto assets on CEXs.
· Trading Fees (DEX):
Trading fees are charged on DEXs when swapping/exchanging one crypto asset for another. These fees are used to reward people who have staked their assets to provide liquidity in a pool; some of these fees may also be used to reward holders of the DEXs native tokens.
· Front Running (DEX):
Technically, front running isn’t an associated fee with DEXs, but it is vital to account for it, as they can affect your returns when trading on DEXs.
When making a transaction on DEXs, there may be a considerable price fluctuation between the time you place an order and when it gets completed; this is termed “slippage.”
To ensure that your transaction is fulfilled amid the highly volatile crypto market, DEXs allow you to set a slippage tolerance that will fulfill your transaction even if prices change. However, some crypto users take advantage of the set slippage tolerance to manipulate transactions.
These frontrunners create bots that look for high slippage transactions in the mempool, and they manipulate the price by placing transactions between your slippage level; hence, if you set a buy order with a high slippage tolerance, the frontrunner would buy the same tokens at a lower price (before your order gets fulfilled), and eventually sell these tokens to you at an inflated price.
Centralized exchanges (CEX) vs. Decentralized exchanges (DEX) Fees Comparison:
Fees do not apply ❌ Fees Apply ✅
Network Fees: Network fees are almost unavoidable in the cryptocurrency ecosystem; they are fees associated with verifying transactions on the blockchain. Network fees are paid to the validator (miner/staker), who verifies the block in which the transaction is included.
Network fees are neither fixed nor commission-based; the fees heavily depend on network congestion and demand for validators. Also, exchanges have no control over these fees; however, while transacting on CEXs or custodial wallets, the platform may opt for a slower transaction by setting a lower gas limit. (Validators prioritize transactions with higher network fees).
Wallet Fees: Deposit and withdrawal fees are the significant fees attached to wallets. Custodial and non-custodial wallets typically charge zero fees for depositing tokens.
Typically, non-custodial wallets charge fees for withdrawing tokens, primarily in commissions. These fees serve as revenue for the wallet’s service providers; users are charged whether it is an internal transfer.
On the other hand, some custodial wallets have a fixed rate of withdrawal fees, while others charge based on the asset being withdrawn. However, many custodial wallets do not charge fees for internal transfers.
Cwallet is a custodial wallet provider that lowers the entry barrier for crypto usage. You can create a Cwallet in one click using your Twitter, Telegram, or Discord accounts and immediately get access to deposit, withdraw, tip, and even earn by playing airdrop games.
The beauty of the Cwallet is that we charge zero transaction fees, allowing you to maximize your profits:
Ø No Internal swap fees
Ø No Internal/ External withdrawal fees
Ø No Fees on Deposit
Ø Lowest Network fees: lowest gas limit, enabling you to pay the cheapest network fees.
Ø No Extra Charges or Fees!
Comparison of Fees Charged:
Cwallet vs. Other Wallets:
Cwallet stands out among other wallets because of the wide variety of features and its unique zero fees structure.
Fees do not apply ❌ Fees Apply ✅
As a result of our zero-fee model, the Cwallet allows you to maximize your profits. Our algorithm ensures that you pay the cheapest network fees by automatically selecting the cheapest gas limit that will confirm your transaction quickly.
What’s more? We are the only wallet provider that allows you to tip tokens to your community via the Cwallet bot. You can also create airdrop games to distribute tokens to your community while having fun.
Take advantage of Cwallet, and grow your community efficiently and quickly.
Create an instant account or download our mobile app and enjoy cheap transaction fees with many features!
If you have any questions or comments, please leave a comment or join our community for more discussions, tips, and airdrops.