Hey Jack, love the exchange, except for the cost to trade.
3% on both sides for a total of 6% per trade is a bit ridiculous. I would like to see your trade fee go down to at very most 1.5% per side for a total of 3% per trade. Looking at your numbers you would still be doing extremely well.
Keep in mind that Paypal only charges merchants 3% to accept payments.
Please consider getting in line with the other exchanges' trade fee's.
Thanks,
Thank you for your suggestion mantler.
Please keep in mind the fees we charge reflect the value of service we provide and the legal realities of keeping funds in Canadian banks with a Canadian corporation.
You will find that other smaller competing exchanges that offer low fees may not have a full-time team, a publicly-viewable business plan or any legal or regulatory efforts underway.
And as you likely are aware, we do reduce fees based on trading volume:
https://www.cavirtex.com/fees