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 and XPR have a 0.5% fee for buying.
- USDC has 0% fees for buying with crypto/selling from crypto, and 5% for selling to fiat. (Selling to fiat is temporarily unavailable at this time).
You will incur an added fiat deposit fee which will vary by deposit method (debit, credit, or ACH) (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.