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Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or 'takes') the maker's order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own.
EXAMPLE:
Ingvar, offering to buy 1 BTC for USD 10,000. And Jeff, offering to sell 1 BTC for USD 11,000. If Bill comes along, and sells 1 BTC to Ingvar for USD 10,000, he takes away Ingvar's order from the order book. Bill is here a taker and will be charged the taker fee. If Bill on the other hand would have offered to sell 1 BTC for USD 10,500, he would have placed an order on the order book that did not correspond to an existing order. He would thus have been a maker of liquidity. If someone would have accepted to buy 1 BTC from Bill for USD 10,500, then Bill would have been charged the maker fee (usually a bit lower than the taker fee) and the relevant buyer would have been charged the taker fee.
Generally speaking, Remitano's trading fees for buyers are 1.00%. Compared to the global industry average (which is arguably around 0.25%), this fee is high. However, if you are more inclined towards making sell orders, then don't worry. Remitano's doesn't charge makers any fees at all. This is a very strong competitive edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to 'go fishing' with maker-orders.
Remitano's withdrawal fee is 0.0002 BTC per BTC-withdrawal. This fee is far below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0008 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average. In any event, 0.0002 BTC per BTC-withdrawal is a low consumer-friendly fee.
Remitano offers wire transfer as a deposit method, but you can't deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. However, as Remitano accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
Remitano offers the buying, selling and swapping of cryptocurrencies.
Cryptocurrencies current supported by Remitano for buying and selling include:
Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).
Additionally, Remitano also supports Binance Coin (BNB), Cardano (ADA), EOS, Stellar's Lumen (XLM), and Tron (TRX for swapping.
Swapping allows investors to deposit supported cryptocurrencies into the respective Remitano wallets and instantaneously swap for either Bitcoin, Ethereum, or Tether USDT. There is a 0.25% swapping fee and market volatility may lead to a change in actual amounts.
To swap, go to the Wallets page located under the Dashboard dropdown menu and select the cryptocurrency you wish to swap.
Enter the amount and click Swap.
Investors are also able to buy and sell cryptocurrencies on Remitano's investment platform and P2P Exchange.
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Global Access: Buyers and sellers are able to access the Remitano platform across a wide range of geographies. Diverse Range: Remitano supports the most frequently traded cryptocurrencies. Wallets: Buyers, sellers, and cryptocurrency holders do not face the risk of being hacked as they are able to withdraw cryptocurrencies to hold in owner wallets. Highly Liquid Vietnamese Market: For buyers and sellers based in Vietnam or that have a bank account in Vietnam, market prices are the most competitive. This is due to the immense popularity of Remitano in Vietnam. Credit Card Purchases: Cryptocurrencies can be purchased by credit card, via the Simplex exchange that is integrated into the Remitano platform. The Remitano Forum: Allows investors to share ideas and discuss the cryptomarket.
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