Fee Schedule
Wire Transfers
| Withdrawal Fees | |
|---|---|
| AED* | 55 |
| USD | 15 |
* Please Note:
Depending on the currency requested and remittance/ payment channel an additional conversion fees shall be applied by foreign /
correspondent banks as appropriate.
FX Translation
| Ousoul Rate | |
|---|---|
| Currency | Fee |
| CHF | Spot Rate |
| EURO | Spot Rate |
| USD | Spot Rate |
| GBP | Spot Rate |
| AED | Spot Rate |
* No Commission (Principal Trading Model)
Minimum VA Deposit, Withdrawal and Fees
| Virtual Asset | Virtual Asset Symbol | Network | Minimum Deposit & Withdrawal | Deposit Fee | Withdrawal Fee |
|---|---|---|---|---|---|
| Bitcoin Cash | BCH | Bitcoin Cash | 0.05 BCH | Free | Free |
| Bitcoin | BTC | Bitcoin Mainnet | 0.001 BTC | Free | Free |
| Litecoin | LTC | Litecoin | 0.05 LTC | Free | Free |
| Ethereum | ETH | Ethereum Mainnet | 0.05 ETH | Variable on-chain fee to move into Ousoul Wallet | Free |
| Polygon | MATIC | Ethereum (ERC20) | 15.0 MATIC | Free | Free |
| Chainlink | LINK | Ethereum (ERC20) | 2.0 LINK | Free | Free |
| Dogecoin | DOGE | Dogecoin | 150.0 DOGE | Free | Free |
| USD COIN | USDC | Ethereum (ERC20) | 30.0 USDC | Free | Free |
| 0x | ZRX | Ethereum (ERC20) | 50.0 ZRX | Free | Free |
| AAVE | AAVE | Ethereum (ERC20) | 0.3 AAVE | Free | Free |
| Basic Attention Token | BAT | Ethereum (ERC20) | 30.0 BAT | Free | Free |
| Bancor | BNT | Ethereum (ERC20) | 25.0 BNT | Free | Free |
| Chiliz | CHZ | Ethereum (ERC20) | 50.0 CHZ | Free | Free |
| Compound | COMP | Ethereum (ERC20) | 0.3 COMP | Free | Free |
| Curve | CRV | Ethereum (ERC20) | 15.0 CRV | Free | Free |
| Enjin Coin | ENJ | Ethereum (ERC20) | 20.0 ENJ | Free | Free |
| Decentraland (MANA) | MANA | Ethereum (ERC20) | 15.0 MANA | Free | Free |
** All transfers out of your respective wallets will incur an on-chain Network Fee.
Trading Fees
What Fees are Charged for Trading?
Ousoul adopts a volume-based fees tiers approach in determining its trading fees.
Orders are charged differently depending on the volume transacted as either a Maker or a Taker.
Orders are subject to a minimum taker fee of 0.00001 for the traded Virtual Asset.
Maker
You become a Maker when you place an order that does not fill immediately (like a limit order).
These orders could either be Buy or Sell orders that will sit on the Order Book without executing immediately.
A Maker Fee will apply to orders that provide liquidity to the Order Book below the ticker price for a Buy Limit order and above the ticker price for a Sell Limit order.
Taker
You become a Taker when your orders immediately fill in full against orders already on the Order Book.
When you place an order that trades immediately, by filling fully, before being recorded in the Order Book for those that are not immediately filled.
Trades from Market orders are always takers, as Market orders do not go on the Order Book.
These trades take volume off the order book.
Ousoul provides rebates and fees discounts to Makers and Takers respectively.
Fees are charged based on the notional value of trade volumes executed.
This implies that when you place an order that takes liquidity from the market you will be charged the
Taker fee but you will enjoy lesser fees based on the volumes of your trades, whereas when you place orders
that provides liquidity on the market you will not be charged transaction fees on your trades, instead, you enjoy
rebates from fees collected on the taker side transaction also determined by the volumes of your transactions.
| Pricing Tier on Daily Average Volume Over 30 days | ||
|---|---|---|
| Trading Volume | Maker Rebate (No fees Charged) | Taker Fees |
| Up to $500k | N/A | 0.40% |
| $500k-1mn | N/A | 0.30% |
| $1-5mn | 0.03% | 0.20% |
| +$5mn | 0.05% | 0.10% |
Trading fee rebate for high-volume traders
Ousoul has introduced a fee structure that calculates a user’s trading fees based on the user’s previous 30-day
trading volume as shown in the table above. Where sufficient volume is traded over a calendar month for maker trades
the fee will be a rebate (negative trading fee).
For every executed order, there is either a Trading Fee (can be 0 rate) or a Trading Rebate incurred.
* Please Note: This fees structure is only applicable to trades executed on the trading platform. The trading fees is inclusive of 5% Value Added Tax (VAT) for individuals and companies located in UAE in line with the VAT Decree-Law No. (8) of 2017, its Cabinet Decision No. (52) of 2017 on the Executive Regulation on Value Added Tax and the associated Guides and Clarifications issued by the Federal Tax Authority (FTA).