This article was taken by me from the news of the Exmo Cryptocurrency Exchange. I received permission from the Exmo to publiсated an article in my blog on Steemit.
"A differentiate payments scale is applied to uphold users most effectively. Depending on a trading volume of a particular trader, a platform can repay him/her from 10% to 60% from the total amount of fees paid by a trader during a payroll month.
How do traders profit from cashback?
Now, let’s have a look at how cashback works and how compensation for monthly paid fees is awarded. Cashback option on EXMO can be taken as an example.
At the end of each month, a system reviews every trader’s trading volume calculated in Bitcoins. Trading volume equals total volume of all the assets purchased by a trader in the current month. Then, trading volume is reduced, which means it is recounted in Bitcoins at the transaction date rate.
Depending on monthly trading volume, traders can receive cashback (Table 1), or not, if his/her trading volume equals less than 10 BTC. Then, a trader’s paid fees amount (which equals 0.2% from the total volume) is calculated. A trader has the right for fees repayment, which makes from 10% to 60%. This sum is transferred to his/her account in one of the first days of each month. Each month, you need to work on your trading volume to reach the desired sum of cashback. This sum is paid to the user in one of the first days of a new month.
Here are several examples:
*Data has been taken from the official crypto-platforms
Cashback option on EXMO has a lot of advantages, including low trading volume requirements:
Unlike to the majority of crypto-platforms, on EXMO, a user gets cashback whenever he/she does a currency operation. The other crypto-platforms require a user to do particular currency operations to be able to get cashback. EXMO encourages users for their trading volume without any special requirements.