dashed-slug.net › Forums › CoinPayments.net Wallet Adapter extension support › Percentage fee is no longer possible? › Reply To: Percentage fee is no longer possible?
October 17, 2022 at 12:36 pm
#12214
Participant
Hi @alexg,
this is my example :):
User deposit 1 BTC.
Coinpayments takes 0.5% fee, and actualy host 0.995 BTC.
User want to withdraw 1 BTC, pay 0.0005 BTC fee and he expects receive 0.9995 BTC.
So finaly 0.995-0.9995= -0.0045 BTC (aprox 100 USD) loss (for service admin).
For tokens, the loss is even greater.
For coins/tokens that are connected directly/node, a proportional fee is not necessary, but for coins/tokens that are connected through a service like Coinpayments, I think that a proportional fee (option to turn on/add) is necessary.