FameEX, a prominent and global cryptocurrency exchange founded in 2018 and officially launched in 2020, is redefining its transaction fee model to ensure the lowest fees in the market for FameEX users. The founder, Lee BoonGin, expressed that this optimization aims to create a more cost-effective cryptocurrency trading ecosystem to attract professional and high-frequency traders and operate its exchange in the long term as a stable platform.
Unique Fee Model in the Industry
Unlike other exchanges, FameEX has a distinctive rate structure principle. They ensure that the rate of low and medium trading tiers is lower or equal to competitors, and high trading tiers do not only have no fee but reward liquidity providers. This strategy is rare in the industry and reinforces their commitment to a competitive edge. As for spot trading, FameEX offers a two-tiered fee structure with only a 0.1% fee rate between maker and taker fees. Compared to competitors in the industry, traders with a total volume of less than 100 million USDT can typically receive a 0.1% fee rate as takers. Some smaller exchanges can even reach a fee rate as high as 0.155%. However, at FameEX, the minimum fee rates for both takers and makers are the same at 0.1%, which is among the lowest in the industry. Additionally, FameEX users can obtain free AMEF points and offset up to 50% of the transaction fee. This unique offering sets them apart.
User-Centered Approach and the Commitment to Fairness and Transparency
FameEX stands out with its relaxed approach to transaction restrictions. Traders are usually sensitive to varying levels of fees associated with different trading volumes. BoonGin mentioned that if the total monthly trading volume fluctuates, ranging from 5 million to 20 million, or even 1 billion, traders take the different transaction fee rates seriously, as they are determined by the total amount of their fees and profits. Although FameEX can’t achieve the lowest transaction fees within each tier, the platform still strives to maintain low transaction fees compared to others. This is part of their marketing strategy to survive in the competitive crypto market. In addition, users have no hierarchical restriction on the use of AMEF points and enjoy a common rate system, irrespective of the assets on the user’s platform. The platform’s withdrawal limit is also unrelated to the cumulative transaction amount which offers more freedom and flexibility.
Since its official launch in 2020, FameEX has been committed to reducing user transaction risks and creating a fair and free competitive environment. They have continuously optimized the transaction fee model, focusing on user needs and adhering to principles of fairness and transparency. FameEX believes in eliminating the layer-by-layer charging mode in order to provide better services to users while ensuring the platform’s sustainability. This vision of continuous improvement and focus on customer satisfaction aligns with their mission to provide digital asset trading services that are simple, fast, fair, and transparent.
FameEX’s ongoing refinement of its transaction fee model, coupled with its unique approach to customer satisfaction and market competitiveness, sets a new standard in the crypto-trading industry. Their commitment to lower transaction costs and a user-centered approach signals a forward-thinking strategy that is poised to shape the future of cryptocurrency trading.
Launched in 2020. FameEX is a global cryptocurrency exchange that currently provides fiat-crypto, crypto-crypto, grid trading, futures, options, margin, spot and a hugely popular referral and affiliate program. With more than 1,050,000 registered users across 50 countries and regions. FameEX provides a secure, stable and efficient 24/7 trading platform. In addition, FameEX keeps pushing the boundaries of the crypto exchange industry, exploring frontier growth opportunities and strengthening core competencies, expanding into adjacent product offerings and developing innovative business models that lead the way in bringing Web3 solutions into the crypto ecosystem including recruiting more Web3 developers and researchers to enrich the Web3 product that will support those visionary traders.
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Media ContactCompany Name: FAMEEXContact Person: Mia ShiEmail: Send EmailCountry: AustraliaWebsite: https://www.fameex.com/