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Are there any fees associated with the exchange rate on ShapeShift?

avatarPshemFromPolskaDec 25, 2021 · 3 years ago3 answers

I'm interested in using ShapeShift for cryptocurrency exchanges, but I'm wondering if there are any fees associated with their exchange rate. Can you provide more information on this?

Are there any fees associated with the exchange rate on ShapeShift?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, ShapeShift does charge fees for their cryptocurrency exchanges. The fees vary depending on the currencies being exchanged and the current market conditions. It's important to note that the fees are included in the exchange rate, so you won't see a separate fee deducted from your transaction. ShapeShift aims to provide competitive rates and transparent pricing to its users.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! ShapeShift is not a charity, so they do charge fees for their services. However, they strive to keep the fees as low as possible to provide value to their users. The fees are built into the exchange rate, so you don't have to worry about any additional charges. Just keep in mind that the fees may vary depending on the specific currencies you're exchanging.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with the exchange rate on ShapeShift. However, it's important to understand that these fees are not set by ShapeShift itself. The fees are determined by the network fees of the respective cryptocurrencies being exchanged. ShapeShift simply passes on these network fees to its users. So, if you're exchanging Bitcoin for Ethereum, for example, you'll be subject to the network fees of both Bitcoin and Ethereum.