There are several types of fees associated with cryptocurrency.
Trading Commissions - All trading on LVL is free.
Spreads - LVL does not charge a spread for buying or selling crypto.
Withdrawals - When a withdrawal occurs, a small fee (the mining fee) is paid to the computers processing the blockchain (the miners). LVL pays an additional fee to BitGo, our crypto wallet partner, for multi-signature security on every withdrawal. These fees are passed on at-cost to LVL users:
- $2 fee for withdrawals up to $1,000
- 0.2% fee for withdrawals over $1,000