30 NOVEMBER 2022
30 Nov 2022


Trading Digital Currencies, photo by Pixabay

Any digital assets trader will tell you that the worst part of trading and making transactions in digital currencies is the trading fees attached to each transaction. Digital trading fees are needed in order to sustain the vast network of computers, underpinning various blockchains and ensure their security. However, there are still several digital exchanges that don’t charge fees, such as StarWORKS Global that offers you STARX Tokens that you can buy without any trading fees.

Some of you might wonder, why do trading fees exist and how can you get STARX Token easily without fees? Let’s have a look at the articles down below.

What are Digital Assets Trading Fees?

Digital Assets Trading Fees, photo by Pixabay

Digital assets trading fees is a charge that is attached when you are buying or selling various digital assets. Trading fee is needed by tech companies to keep the blockchain network running and to provide people with transaction validation services. Operating a business facilitating digital assets transactions costs money, and trading fees incurred by users transacting business in digital assets are the primary source of income for exchange and other service providers.

Trading fees vary greatly depending on various factors, such as type of transaction, the payment method and the blockchain on which it takes place. For example, Coinbase charges fees between 0.5% and 4.5% of the amount transacted.

Types of Digital Assets  Trading Fees

If you are trading digital assets, there are 2 types of fees you will encounter when conducting trade transactions. Here are 2 types of digital assets trading fees you should be aware of.

  • Miner Fees

Miner fees are designed to incentivize miners and validators to confirm digital assets transactions. Miner fees typically will fluctuate depending on how many transactions are waiting to be processed and added to the current block.

  • Service Fees

For a digital exchange to make money, it needs to attach service fees from transactions. Services fees or also can be called as network fees are usually charged by the third-party service providers that facilitate transactions. This type of fees are charged over and above any network-originated fees paid to miners.

How to Minimise Digital Assets Trading Fees

To improve profits and make transactions faster, there are a number of ways users can reduce digital assets trading fees, such as.

  • Choosing Your Transaction Time

Time of day you transact in digital assets will have a significant impact on how much fees you will need to pay. You can avoid peak usage time for blockchain transactions are at the highest such as during daytime and working hours.

  • Watch Your Transaction Amount

Many digital exchanges will charge a percentage of the amount you traded. For example, if you are currently executing a $10.000 trade transaction with a 0.10% trading fee, you might incur a $10 fee. In some cases there are some exchanges that will charge you using a flat fee.

Try Other Great Digital Assets Such As STARX Tokens

Several digital exchanges offer deals that give you access to buy their assets easily without any trading fees, such as StarWORKS Global and their digital assets, the STARX Tokens. So why bother with trading fees when you can get your own digital assets such as STARX Tokens without fee at all?

What are STARX Tokens?

STARX Tokens, photo by Pixabay

STARX token is the native currency of StarWORKS Global ecosystem and developed based on the Ethereum Blockchain ERC 777 token standard. It was released in 2019, STARX is able for holders to keep, trade, and exchange with other coins and tokens. In the future, our STARX will run on our proprietary blockchain, the StarCHAIN.

How to Get STARX Tokens Without Trading Fees?

Are you interested in getting STARX tokens without any trading fees? Here is how you can get it. 

  • Firstly, you can visit StarWORKS Global website and then click the “Buy STARX” button on the main page of the website.
  • Next, on the menu of “Contact us directly to buy STARX”, click the “Buy” button.
  • Fill out the forms and the total number of STARX Tokens you wish to purchase.
  • Make sure all of your information is correct, and then click the “Submit” button.
  • You will receive a notification. Click the “Ok” button to close and it will redirect you to complete the payment process.
  • On the payment page, look for the “Payment with Fiat Money” menu and choose the “Bank Transfer” option.
  • Fill all the required fields and make sure the information is correct. Click the “Buy Token” button. 
  • You will receive a notification “Your Transaction has been Updated!”.
  • You can also check your email for the confirmation of your transaction. 
  • Once the payment has been confirmed, your STARX token will be sent to your wallet address.

Are you wishing to find out more about StarWORKS Global and our blockchain-based loyalty program? Find out more here!

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