Gate UAE will earn a fee each time a user transacts on the Platform. Gate UAE adopts a tiered schedule of exchange services fees that is (1) based on the volume of virtual asset transactions that users perform over a rolling thirty-day period; and (2) whether the order adds liquidity to the order book (i.e., the user is acting as a “maker”) or subtract liquidity (i.e., the user is acting as a “taker”). Gate UAE will calculate each user’s virtual asset transaction volume in the USD equivalent. Gate UAE’s exchange fees schedule is depicted below:
| Tier Level | 30 Day Trade Volume (Min.) | 30 Day Trade Volume (Min.) | Maker Fee (Sell) | Taker Fee (Buy) |
Gate UAE will not have any fees for deposit of virtual assets. However, for deposit of fiat currency via wire transfer, Gate UAE may charge a fees depending the type of fiat currency intended to be deposited. Any fees proposed to be charged will be transparently displayed to the user.
For users that withdraw virtual assets, Gate UAE will charge a certain amount withdrawal fee on each of the withdrawal requests in addition to the blockchain costs incurred by the withdrawal of virtual assets. The blockchain cost is generally known as a “miner’s fee” or “network fee,” which is the fee for processing virtual assets transactions on the blockchain. Gate UAE’s virtual assets withdrawal fees will be disclosed to each user prior to the user’s withdrawal, and the user will be required to accept the digital asset withdrawal fee before the user can perform the withdrawal.
For users that withdraw fiat currencies, depending on the type of fiat currency that the user intends to withdraw, Gate UAE may charge a fees which will be prominently displayed to the users before they proceed with the withdrawal.
Welcome to Gate UAE! Gate UAE is in the process of applying for a licence, if you have any questions, please contact us via email at support@gateio.ae
