Fees

Fees

At GenX, we strive to provide a transparent and competitive fee structure for our users. This page outlines the various fees associated with using our exchange. Please review this information carefully before engaging in any transactions.

1. Trading Fees
1.1. Maker Fee
    Definition: A maker order is an order that adds liquidity to the order book by being placed below the current market price for a buy order or above the current market price for a sell order.
Fee: Usually its 0.2% of the transaction value.

1.2. Taker Fee
    Definition: A taker order is an order that removes liquidity from the order book by being matched immediately with an existing order.
Fee: Usually its 0.2% of the transaction value.

1.3. Fee Discounts
    Volume-Based Discounts: GenX offers tiered discounts based on your trading volume over a 30-day period. The more you trade, the lower your fees.

    Token-Based Discounts: If you are a token owner and you select discounts trading fees package in your account, you may be eligible for additional fee discounts.

2. Deposit and Withdrawal Fees
2.1. Deposit Fees
    Cryptocurrency Deposits: Depositing cryptocurrencies into your GenX account is generally free. However, network fees may apply, depending on the blockchain used.
    Fiat Deposits: Currently there have no charges.

2.2. Withdrawal Fees
   Cryptocurrency Withdrawals: Withdrawals of cryptocurrencies incur a fee to cover network transaction costs. The fee varies depending on the cryptocurrency and current network conditions. Please refer to our Withdraw Fees Structure Chart.

2.3. Minimum Withdrawal Amounts
    Each cryptocurrency has a minimum withdrawal amount to ensure transactions are processed efficiently.

3. Other Fees
3.1. Listing Fees
    GenX may charge a fee for listing new tokens or coins on our exchange. These fees vary based on the project and market conditions. For more information, please contact our listing team at listing option in Website & Application.

3.2. Inactivity Fees
    GenX may charge an inactivity fee if your account remains dormant (no trading, deposits, or withdrawals) for an extended period. The fee and applicable conditions will be communicated to you before being applied.

4. Fee Changes
    GenX reserves the right to update or modify its fee structure at any time. We will notify users of any changes through our website or by email. Continued use of GenX after any modifications indicates your acceptance of the updated fees.

5. Contact Us
    If you have any questions or need further clarification regarding our fees, please contact us at support@genx.com. We are here to help you understand our fee structure and ensure a smooth trading experience.