Are you tired of paying high trading fees on cryptocurrency exchanges? Fortunately, FMCPAY offers a solution that helps you cut trading fees by up to 90%. In this guide, we’ll explore how you can maximize your funds and make the most of FMCPAY’s features, particularly its Event Amount Wallet, to achieve substantial savings on trading fees. Keep reading to find out more!
1. What is the Event Amount Wallet?
The Event Amount Wallet is a unique feature on the FMCPAY Exchange designed to enhance user experience and cut trading fees. When users participate in and win from FMCPAY’s airdrop programs, in most cases, the rewards will be credited to the Event Amount wallet. You can check the wallet balance here.
While you can’t directly withdraw funds from the Event Amount wallet, it still provides many exciting benefits. Let’s take a closer look at its primary uses:
1.1. Using as Trading Fees
One of the standout features of the Event Amount wallet is its functionality for covering trading fees. It’s an innovative way to encourage frequent trading while helping you cut trading fees over time.
For instance, when trading the FMC/USDT pair, you typically need FMC to pay the trading fee. If you have FMC in your Event Amount Wallet, that balance will be deducted first to cover the trading fees, allowing you to trade without incurring any additional cost.
1.2. Rewards for Completed Trading Order
FMCPAY takes things a step further by rewarding our users for completed trading order. Each day, the system calculates the total amount you’ve used from the Event Amount wallet to cover trading fees and credits the same amount to your Spot wallet as a reward.
For instance, if you’re an active trader and the trading fees covered by your Event Amount wallet yesterday totaled $100, you’ll receive $100 in your Spot wallet today. The best part? These funds are ready for action, as you can use them for trading or even withdraw them to fiat currencies through the P2P feature.
By leveraging the Event Amount wallet, you’re not just able to cut trading fees, but also unlock opportunities to maximize your trading potential and boost overall cost efficiency.
2. How to Cut Trading Fees by 90% on FMCPAY?
The Event Amount Wallet is undoubtedly useful, but FMCPAY has taken things to the next level by implementing the FMC VIP feature that helps users cut trading fees by up to 90%. Sounds amazing, doesn’t it?
Simply put, this feature allows you to cut trading fees across all trading pairs without needing funds in the Event Amount wallet. New accounts that have completed KYC start at VIP level 0. The higher your VIP level, the more trading fees you can save. For details on how to upgrade your VIP level and the benefits at each level, see the table below:
| Vip Level | VIP Conditions
(Any of these conditions is acceptable) |
Cut Trading Fees by |
||
|
VIP 0 |
KYC-verified account |
0% |
||
|
VIP 1 |
hold ≥ 10 million FMC | hold ≥ 15,000 PAYN | Monthly trading volume ≥ $5,000 |
10% |
|
VIP 2 |
hold ≥ 200 million FMC | hold ≥ 250,000 PAYN | Monthly trading volume ≥ $10,000 |
30% |
|
VIP 3 |
hold ≥ 800 million FMC | hold ≥ 1 million PAYN | Monthly trading volume ≥ $40,000 |
60% |
|
VIP 4 |
hold ≥ 2 billion FMC | hold ≥ 2.5 million PAYN | Monthly trading volume ≥ $150,000 |
90% |
Key Takeaways:
- Users need to hold the required amount of FMC or PAYN for a full month to qualify for VIP levels upgrade (staking excluded).
- The trading volume will be calculated based on all the trading pairs you complete within the given month.
- The system will begin calculating the amount of FMC/PAYN or trading volume on each account from 12:00 AM on the first day of the month to 11:59 PM on the last day of that month. Accounts that have completed KYC verification and meet one of the three conditions mentioned above will be automatically upgraded to the corresponding VIP level.
- The trading fee reduction benefits will take effect from the following month.
- To check your own account’s VIP level, go to Profile.
3. Tap2Earn x VIP Feature: Minimize Your Fees to Almost Zero
What if I told you that you could save even more just by trading on FMCPAY? That’s right. many seasoned traders have been doing it on FMCPAY, minimizing their costs to the absolute minimum while still raking in loads of profits. Now, let us share this exciting secret with you!
First, let’s talk about the FMC Tap2Earn feature. It allows you to earn FMC passively just by using the app. One user can earn up to 3,000 FMC daily—pretty impressive, right?
FMCPAY Tap to earn: Grab Free 🎁3,000 FMC Daily
We are excited to announce the FMCPAY Tap to earn Program official launched! 🚀This game will be an easy and accessible way to accumulate $FMC #Fimarkcoin!
—
Event Details:
Eligibility: Ensure your account is fully verified to… pic.twitter.com/QaZ2lYImTy— FMCPAY (@FMCPay) November 11, 2024
The rewarded FMC tokens will be credited to your Event Amount wallet, and it will cover all your trading fees whenever you trade the FMC/USDT pair. And here’s where the magic happens.
Let’s say you have a balance of $500 in your Spot Wallet. If you trade that pair 10 times a day, by the end of the month, you’ll have a $150,000 trading volume on FMCPAY without paying a cent of trading fees. And this even makes you eligible for VIP 4 status. This means you can now cut trading fees by up to 90% in the next month. Isn’t that great?
Furthermore, every time you use the Event Amount wallet, you receive a substantial reward directly credited to your Spot Wallet by the end of the day. If that’s considered “normal,” then we have no idea what “crazy” looks like!
Conclusion
FMCPAY Exchange provides a robust framework for traders looking to minimize their expenses through innovative features like the Event Amount wallet and the FMC VIP feature. By utilizing these tools and strategies, users can effectively cut trading fees by up to 90%, allowing them to retain more of their hard-earned profits.
As cryptocurrency continues to evolve, platforms like FMCPAY are at the forefront of providing cost-effective solutions that empower traders worldwide. Embrace these strategies today on the FMCPAY exchange and watch your trading efficiency soar!