Ethereum: Canceling the order in BTC-E tax?
Bitcoin-E (BTC-E) Exchange is a popular platform for buying and selling Bitcoins, Ethereum and other cryptomers. One of the key features of the BTC-E is its taxes, which may vary depending on the type of transaction. In this article, we will examine the fee when you cancel your order and how much you are charged.
Types of commands
Before diving, we first understand the different types of commands that can be entered on the BTC:
1.
- placed, but partially completed : In this case, the buyer enters the purchase of an order for a certain amount of bitcoin or ethereum, and some of them are fulfilled. However, not everything will be established in full.
Taxes for Canceled Orders
Let’s talk about the taxes associated with the cancellation of orders on the BTC:
* placed, but 0% completed : when you place the order, but it is canceled before it is completely balanced (partially or completely), for your transaction you will charge a fee
0.2% .
+ For example, if you place the purchase of the order for $ 100 in bitcoin without the remaining balance, you will receive $ 2 ($ 100 x 0.02 USD).
* placed, but partially completed : When you cancel an order that is still partially fulfilled (ie J. some of the settlement is pending), for your transaction you will charge a fee
$ 25 .
+ For example, if you place the purchase of the order for $ 50 in Bitcoine, with only 20% balanced, you will receive $ 5 ($ 50 x 0.05 USD).
important notes
- These taxes apply to all types of commands granted by BTC, whether they are canceled or not.
- The $ 25 fee applies to the partially completed orders waiting for the settlement.
- If you want it to be refunded in full, the order cancellation fee is not charged.
Finally, it can be said that the cancellation of the order on the BTC comes with a fee. Although the taxes themselves may seem high, understanding how it works, it can help you make more informed decisions about business and budgetary strategies. Happy trading!