What is the fee of a transaction?

Among the numerous cryptocurrency exchanges available, BTCC stands out as a top player in the industry. Its comprehensive suite of services caters to the diverse needs of traders and investors alike.

Transaction fees represent the monetary costs that merchants incur when utilizing the services of a payment service provider. These charges are levied each time the provider facilitates an electronic transaction, regardless of whether the cardholder is physically present or not.

In a Card Present scenario, the customer presents their card to the merchant during the transaction. The payment service provider then processes the payment, ensuring funds are securely transferred from the customer's account to the merchant's. The associated transaction fees are a vital aspect of this process.

Alternatively, Card Not Present transactions occur when the cardholder is not physically present during the transaction. This includes online purchases, phone orders, or any other form of remote payment. Despite the absence of the cardholder, transaction fees still apply, covering the costs of securely processing the payment.

BTCC offers a range of services, including spot trading, which allows users to buy and sell cryptocurrencies at their current market price. Additionally, it provides futures trading, enabling traders to speculate on the future price movements of various cryptocurrencies. Furthermore, BTCC boasts a secure wallet service, safeguarding users' digital assets and facilitating seamless transactions.