Fees are a normal part of trading assets or instruments in any market. On the Altbase app, users pay gas fees associated with Binance Smart Chain. BSC gas fees are typically fractional, but are subject to change in times of higher network trade volume.
Gas fees are native to cryptocurrency trading. Gas is the term referenced because the charges are used to power the blockchain network. Gas is paid to validators for their part in verifying transactions being made on the peer to peer, decentralized blockchain network.
When Altbase opens up trade on other blockchains in the future, the gas fees charged will be associated with each network added to our altcoin exchange.
There are no fees charged when using SEPA to perform a bank transfer on Altbase. The SEPA system will be available soon on the Altbase app.
Whenever using the credit/debit card option to fund your account or buy crypto, the Simplex card processing system charges 1-3% on transactions, varying based on geographical location and card provider. Altbase does not charge any additional fees.
There are no other fees associated with your Altbase user account. Gas and simplex transaction fees make up the sum total of all charges users can expect to incur.
See information on the Altbase user interface next.
ALTBASE TOKEN TO LIST ON GATE.IO VIA STARTUP SALE
Startup phase: 6AM 12/23 6AM UTC - 6AM 12/24 6AM UTC | Trading Starts: 9AM 12/24 UTC