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Here is a place to see the fees available in the CBFI Wallet
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, this website can be used as a reference, and for Bitcoin, this website 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 Native Assets 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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To create your first CBFI Wallet you need to download CoinBox Wallet in Google PlayStore for Android version or IOS Store for IOS Version. CoinBox Wallet uses Tatum KMS Key Management System to empower the backend of the apps. CBFI Wallet Provides the highest security standards for working with private keys.
an external tool to securely generate and store private keys and use them to sign transactions locally. This is the safest and recommended way of working with private keys. The Tatum KMS installed in the Deny-From-All environment to meet the highest security standards. The Tatum KMS only communicates with the Tatum API to fetch the list of the pending transactions to sign. After successfully signing and broadcasting transactions to the blockchain, it marks the pending transaction as complete and adds the final broadcasted transaction ID. It supports the distributed control mechanism, where pending transactions are controlled in Tatum, CoinBox Finance and the customer system device (Mobile Phone).
When creating CoinBox Wallet, you will receive a mnemonic, a 24 word-long string that you can understand as a password to our CoinBox wallet. Users can generate multiple addresses and the private key can be generated from a mnemonic. It is sensitive information and should not be revealed. Otherwise, you risk losing your funds.
Every wallet generated in CoinBox Wallet can hold an unlimited address for all available coins. Every user can create an unlimited address for any Bitcoin and Altcoins inside the wallet. CoinBox Wallet Pre-ready with and any Ethereum token ERC20 and Binance token BEP20 can be added manually by entering the "Smart Contract Address".
CBFi is a new project that comes with a unique concept. CBFi recently announced its new referral campaign which rewarded a maximum 60% fee generated to the referrals. In this Affiliate program, every CBFi user invites their friends to download the CBFi app and after download if the referral has conducted a transaction, then you will be earning crypto as a reward.
The principles of the Affiliate Program are to give the opportunity to make widespread adoption to your friends and community to introduce blockchain assets Bitcoin and Altcoins.
It gives anyone, anywhere in the world a great opportunity to earn a daily passive income through referral links by bringing adoption to the masses. We managed to create Rewards for “Merchant Transaction” and "P2P transactions" of all coins by doing the implementation of Layer 2 backend in CoinBox Wallet.
Each user can generate a personal referral link and invite their friends to join the CBFi community and earn.
Here are the simple steps on how to earn a referral :
1. Download CoinBox Wallet App or update your CoinBox Wallet App to the latest version.
2. Get your Introducer Code and Open your CoinBox Wallet App to activate.
3. Go to Dashboard and click on Activate Referrals.
4. Copy your link and share it with friends! Simply make sure that your friends are downloading CoinBox Wallet to a new device, and creating a new account.
5. You can track any transaction made by your group and enjoy earning up to 5 levels from Merchant, P2P, and Membership.
6. Earning received is not only 1 coin but multi-coins depending on the transaction made by your downline.
CoinBox Wallet also gives you the ability to instantly track all your referrals and commissions directly in the app, where you can track:
Your total commissions
Total Merchant, P2P, and Membership conducted by your referrals
Your total referrals
Your Referrals
Free Users
Booster Activated
Members Activated
Booster & Membership Activated
1st Level
1%
1%
30%
30%
2nd Level
N/A
1%
N/A
10%
3rd Level
N/A
1%
N/A
10%
4th Level
N/A
1%
N/A
5%
5th Level
N/A
1%
N/A
5%
Helpful Links
Github reference for Referrals
Download the CBFi App
Join us on Telegram to discuss with the CBFI Community
Guide to visit Virtual World to attend Crypto Class and get the latest information
Guide to referring new users to download the CBFi App
In this section, you will find out how to create CoinBox blockchain accounts and send a crypto transaction.