Before you say anything, there are a lot of cryptocurrency exchanges in South Africa. So why should you use ChainEX?
Aside from security, education and an active community, why else should you partner with the best crypto exchange in South Africa? It’s simple, we are the most affordable exchange in the whole of Africa. Check our fees.
Crypto trading fees in South Africa
Our maker fees are non-existent. Literally. Our maker fees are 0%. Plus we give you an opportunity to earn referral rewards when you refer a friend to ChainEX.
But the highlight of this article is our new scaling fees, with the price of everything going up, our fees have come down!
What are scaling fees?
ChainEX, like all other crypto exchanges in South Africa, charges a transaction fee on each completed trade.
The percentage fee charged per trade depends on your trading volume.
Scaling fees are a widely known and used concept, it is a reward for increasing the amount of trading done on the exchange. Here are the scaling fees on ChainEX.
We’ve changed our fee to 0.1%, and our scaling fees are as follows:
- Between 0.00 BTC and 0.99 BTC in the past 30 days = 0.1%
- Between 1.00 BTC and 2.99 BTC in the past 30 days = 0.08%
- Between 3.00 BTC and 5.99 BTC in the past 30 days = 0.06%
- Between 6.00 BTC and 9.99 BTC in the past 30 days = 0.04%
- More than 10 BTC volume in the past 30 days = 0.03%
So, how does this stack up against the other exchanges in South Africa?
How do scaling fees work?
The best way to describe how scaling fees work is to use an example: You trade with R20,000 and buy a coin as a taker - someone that fills an existing order on the orderbook - you will pay a 0.1% trading fee.
If you were to continue trading that R20,000 as the coin goes up and down, your trading volume will increase with each buy and sell.
When you have a trading volume of more than 1 BTC in a 30 day period, the fee you will pay on your taker trades will go to 0.08%.
That is a 20% drop in your trading fee, if you trade up to 3 BTC in the 30 day period, your trading fee on taker orders will go to 0.06%.
That’s a 40% drop in trading fees because you had an increase in volume traded up to a certain amount.
That is what makes scaling fees so attractive to traders all around the world, because the more you trade, the more you save!
R10 000 in BTC up for grabs
If the best fees in Africa haven't convinced you to use ChainEX, maybe a R10 000 Bitcoin giveaway will convince you?
We’re always looking to give our traders and users the best possible experience and reward you for constantly supporting us. Here’s how to enter the giveaway:
- Head to our social media page, like and follow us
- Find our giveaway post and like it
- Share the giveaway post to your story and timeline
- Tag 3 friends that should start using ChainEX
So what's next?
Now you’ve learned about ChainEX, our fees, and more. So what’s next? Sign up and start trading!
Invite a friend to ChainEX and earn more free cryptocurrencies! Plus you’ll be partnering with the best cryptocurrency exchange in South Africa.
ChainEX is a South African cryptocurrency exchange that provides a platform for South Africans to buy, sell, or trade Bitcoin, Ethereum and a variety of other different cryptocurrencies using the South African rand as the default fiat-buying currency.