Deposit and withdrawal fees and limits
Price fluctuations across all crypto markets during December and the unprecedented interest in this space have brought with them their share of challenges. On-chain transaction fees and long confirmation times among them. Lykke has always been committed to the best possible experience for our users and zero transaction fees on our platform.
We will continue to offer zero fee transactions for trading, but we will put safeguards in place to reduce the impact of blockchain commissions and expenses.
As of 12:00 CET on February 7, 2018, we will be implementing the following fees and limits on the Lykke Exchange:
- For deposits from credit cards and merchant payment systems, each deposit will be subject to a 4% fee. We will institute a maximum of 3 transactions per day, with a maximum per-transaction deposit amount of 3000 USD (or equivalent) and a limit of 16000 USD per month.
- For cryptocurrency transactions, withdrawals will be subject to a fee of 0.001 BTC, 0.01 ETH, 10 TREE, 0.002 SLR and 0.3 TIME. Deposits will remain free of charge.
- For trading within Lykke Exchange, the commission will remain 0%.
You can find additional requirements, clarifications and expansions of our new policies in our Fees and Limits statement.
Fees and limits hurt and this was not an easy decision to take. But reducing the subsidies for deposits and withdrawals is the best possible compromise to ensure that our users will continue to enjoy zero-fees on trading on the Lykke Exchange.