This article will outline the trading fee structure on Metal Pay.
The base rate for trading fees on Metal Pay is 2% for all sales, and purchases of coins other than BTC, MTL, XPR and USDC.
- BTC has a 0.5% fee for buying.
- MTL, XPR, LOAN and METAL have a 0.5% fee for buying.
- USDC has 0% fees for buying
- LTC, HBAR, XLM, XRP have a 3% fee for buying.
You will incur an added fiat deposit fee which will vary by deposit method (debit, credit) (click here to learn more).
Holding Metal (MTL) gives you a fee reduction when buying and selling cryptocurrency in proportion to your in-app MTL balance:
- If you hold 2,000 MTL you'll get a 25% trading fee discount.
- If you hold 4,000 MTL you'll get a 50% trading fee discount.
- If you hold 10,000 MTL you'll pay 0 trading fees.