CBFI Wallet Fees | CoinBox Finance

You need a small amount of Native Chain assets to initiate transactions transfer of assets using CoinBox Finance wallet.

These transaction fees are set based on the network, so if you use a network like Binance Smart Chain and need to transfer BEP20 tokens, you need BNB for the fees, and you need ETH to make a transfer for any ERC20 Ethereum tokens.

For Ethereum, can be used as a reference, and for Bitcoin, can be used. We use the API to allow the average real-time feed fees to users when they want to make a payment.

Similarly, when you transfer token cUSD or token cEuro you need CELO fees to make the transfer. You can click the following link to see what are required when making a transfer.

When you send Ethereum transfer tokens to interact with smart contracts, you need to pay ETH as the transaction fees.

In Ethereum, the higher the transaction fees you give, the faster the transaction will be packaged. CoinBox Finance provides a slider function that can quickly adjust the transaction fees.

Merchant Fees: +1% for each invoice.

Example 1 :

BNB BEP20 $100 invoice: 0.25498 BNB

BNB BEP20 $100 including +1% fees : $101 (0.25767 BNB)

+1% fees : 0.00269 BNB

0.001614 BNB will go to AFFILIATE REWARD (60%)

0.001076 BNB will go to CBFI ECOSYSTEM (40%)

Example 2 :

USDT $100 invoice: 100 USDT

USDT $100 including +1% fees : $101 (101 USDT)

+1% fees : 1 USDT

0.6 USDT will go to AFFILIATE REWARD (60%)

0.4 USDT will go to CBFI ECOSYSTEM (40%)

Example 3 :

ETHEREUM $100 invoice: 0.03643 ETH

ETH $100 including +1% fees : $101 (0.03681 ETH)

+1% fees : 0.003643 ETH

0.0021858 ETH will go to AFFILIATE REWARD (60%)

0.0014572 ETH will go to CBFI ECOSYSTEM (40%)

P2P Fees: Maker fees 1%, Taker fees 4%

Fees will only distribute for the SUCCESS matching orders.
CoinBox Finance P2P charges a 1% maker fee (the person who posted the offer) and a 4% taker fee (the person who responds to the offer).

Sell Offer:

If you make an advertisement or offer to sell 1 BTC at 7000 USD/BTC seller, need to pay an extra 1% which is 1.01 BTC.

your actual receiving price is 7000 USD, and the displayed price in the ads is

7000 + 1% * 7000 = 7000 USD.

When buyers take your offer, they will pay the displayed price of 7000 USD. You will receive that 7000 USD in exchange for (1 BTC + 1% * 1 BTC) = 1.01 BTC

1 BTC will go to the buyer, and 0.01 BTC is the trading fee.

Buy Offer:

If you make an advertisement or offer to buy 1 BTC at 7000 USD/BTC, your actual paying price is 7000 USD/BTC, including 4% fees, and the displayed price in the ads is = 7000 USD.

When someone sells bitcoin to you, you will pay = 7000 USD,

and receive (1 BTC - 4% * 1) = 0.96 BTC.

Therefore you pay 7000 USD/BTC for 1 BTC and minus -1% ( 0.04 BTC) as the trading fees and receive 0.96 BTC.

The trading fee, in this case, is 4% of the total BTC amount.

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