Quote from: Lida93 on October 27, 2024, 05:56:55 PM

I think it all started with that saga of Nigeria government trying to fault the crypto exchangers of being the reason for the naira drastic depreciation after having no where to place their blame on instead of taking responsibility for their inefficiency. Having seen that they ain't actually winning in the fight they have to device other route of not losing the fight totally by initiating the 7% tax fee for trades.

You do not understand me very well. Only BSC tokens are taxed. Or I should be more specific, I went through bitcoin, ethereum, binance coin, solana and many other coins and tokens on the exchange but there is no government tax and deposit fee.

Quote from: Lida93 on October 27, 2024, 05:56:55 PM

It's ironic they're charging 1% as tax for trading and also 7% tax again for BSC token, though I'm quite curious what view the government has about them since even till now I doubt they have started p2p with naira currency again as ironic as it seems now, while another exchange (Bitget) are charging us a fee 0.5% for selling our coin for naira and I doubt that exchange bother much about our government behavior at the moment. Though will try to find the reason for this 7% fee added now.

The 1% tax from trading is even 1% of the trading fee and not actually the whole coins that is traded.

Quote from: Pi$$ on October 28, 2024, 08:56:28 PM

To cut the story shorts, BSC network is not affordable like it used to be.

BSC is now cheaper than before. Yet it was very cheap than before. On some exchanges now, you can send BSC with $0 fee but I guess it is because exchanges estimated fee in two decimals while the fee can be three decimals like $0.0002 but I am not sure if that is the reason.