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Understanding Fees, Deposits and Withdrawals

Explore SkinSwap's fees: 0% on selling! Learn about low trading, buying fees, and withdrawal costs via PayPal, Venmo, and cryptocurrencies.

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Written by Interstellar
Updated over 8 months ago

Introduction

At SkinSwap, we strive to offer our users the best trading experience with competitive fees. Understanding the fees associated with deposits and withdrawals is essential for managing your trades effectively. This guide will provide a comprehensive overview of the fees involved in selling, trading, buying, and withdrawing funds on SkinSwap.

Zero Fees on Selling

One of the standout features of SkinSwap is our 0% fee on selling skins. When you sell your skins on our platform, you receive the full value of the transaction without any deductions. This approach ensures that you maximize your earnings and enjoy a seamless selling experience.

Trading and Buying Fees

When it comes to trading and buying skins, SkinSwap is committed to offering the lowest fees possible. The exact fee may vary depending on the specific skin involved in the transaction. Our platform automatically calculates the fee for each trade or purchase, ensuring transparency and clarity for users. It'll always be the lowest fee possible!

Withdrawal Fees

Withdrawing funds from your SkinSwap account is straightforward, with fees varying based on the payment method chosen. Here’s a breakdown of the estimated fees for each withdrawal option:

- PayPal and Venmo Withdrawals: Both PayPal and Venmo have an estimated fee of $0.25 per transaction. These fees are charged by the respective payment processors to facilitate secure and efficient transfers.

- Cryptocurrency Withdrawals (LTC, BTC, ETH): For cryptocurrency withdrawals, fees are determined by the network’s gas fees. These fees can fluctuate based on network congestion and other factors. Generally, gas fees tend to be lowest in the early mornings. When initiating a withdrawal, you can view the estimated network fee for each cryptocurrency, helping you choose the optimal time to transfer your funds.

- Example: The estimated network fee for BTC might be displayed as 0.000008 BTC, translating to approximately $0.41 USD depending on the current exchange rate.

Viewing Fees During Transactions

SkinSwap provides transparency by displaying all applicable fees during the transaction process. When selling, buying, or withdrawing, users can view the estimated fees on the confirmation screen before proceeding. This ensures you have a clear understanding of the costs involved and can plan your transactions accordingly.

Need Help?

If you have any questions about fees that are not explained above, our support team is here to help. Contact us via the Intercom chat on our website, or email us at support@skinswap.com.

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