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๐Ÿ› ๏ธ What is the OTC service fee?
๐Ÿ› ๏ธ What is the OTC service fee?
Milad Mirshahi avatar
Written by Milad Mirshahi
Updated over a week ago

The service fee for completing an OTC is the total fee of:

  • The investment group

  • Presail

โญ๏ธ The buyer pays the service fee in the final step. After the trade has been approved.

โž• How Is The Fee Added?

The fee is added to the total sum of the buy order. This means that if a buyer wants to complete a $1000 OTC trade, the buyer will have to pay $1000 + service fee to complete the purchase.

๐Ÿง‘โ€๐Ÿ’ผ How Does It Work For The Investment Group?

The investment group decide their own service fee.

For a short guide on how to set up your fee click here.

โ›ต๏ธ Why Does Presail Charge A Service Fee?

  • To maintain and deliver the marketplace system.

  • Cover costs that occur with a trade, f.ex:

    • Identify verification scans

    • On-chain risk assessment, such as KYT (know your transaction)

Presail charges a fixed flat fee.

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