I checked BTC, ETH, BNB and many other networks but I saw no deposit fee and VAT. I read online that Kucoin is charging 1% deposit fee for BSC tokens. I was unable to see another BSC token than USDT on Kucoin.
If you want to deposit USDT on BSC network on Kucoin, deposit fee can be charged but the free deposit limit is huge as you can see on the second image but which might be changed later. But how about the VAT of 7% of your deposit which you can see on the third image.
~snip
I am very surprised to see this. Just like I included earlier that this is not applied on coins and other tokens but just BSC tokens.
It's boldly written "Government taxes". This is quite surprising to me as well. I think this is what the government probably wanted in the first place. They should have mentioned that earlier, rather than picking up unnecessary fight and giving merchants and crypto users unrest. But come to think of it, why was BSC the main target when we had other popular ones. This clearly shows that this people might not even know what they are doing, or they might possibly want to start with BSC, before moving to tax from other.
And I think few weeks back, bitget also started charging Nigeria p2p users( I think the sellers), but I'm not even certain if the charges is government related, unlike this very one from Kucoin that is very clear. Though, I don't use Kucoin, but 7% sounds really crazy. but anything for survival if you ask me.