BITCOINS AND LITECOINS TRANSACTION FEES
Sleekarena Bitcoins trading platform is a peer-to-peer community and therefore registering, buying and selling Bitcoin and Litecoin is completely free.
However, traders that created advertisements are charged commission on trade.
Commission on bitcoin is 0.8% while commission on litecoin is 1% whether sell or buy trade. So, you need to add 0.8% (for bitcoin advert) or 1% (for litecoin advert) to your percentage markup. Commission are deducted in the coins you trade and not in currency.
So, ensure you cap these values into your price setting when creating advertisement for your cryptocurrency trades.
Bitcoins and Litecoins deposit to wallets are always free on Sleekarena trading platform.
However, transactions to other Bitcoin or Litecoin wallets are subject to network transaction fees. The size of the fee changes depending on the current usage rate of Bitcoin or Litecoin blockchain.
Therefore we automatically adjust this fee based on the current network congestion to ensure your transactions are confirmed as quickly as possible. The transaction fee is paid from your wallet when you send bitcoins or litecoins out from your wallet.