Fee for Transactions in Bittime

Hello Bittime Members

There is some information regarding detailed fees for making transactions at Bittime, let's check the details in the table below:

• When one party holds Indonesian rupiah, the holder of Indonesian rupiah is regarded as the buyer, and the other party is regarded as the seller.
• When buyers and sellers both hold crypto assets, each party is both buyer and seller.
• For each transaction, the buyer needs to bear the VAT, the rule is 0.11% of the transaction amount. The seller bears the withholding tax, the rule is 0.1% of the transaction amount.
• The platform will give priority to collecting various taxes related to the transaction from both parties, and the balance will be Bittime service fee.
• Crypto asset tax: 
  • For each transaction with IDR, the buyer needs to bear the VAT, the rule is 0.11% of the transaction amount. The seller bears the withholding tax, the rule is 0.1% of the transaction amount.
  • For each transaction paired with another crypto asset (USDT), the buyer needs to bear the VAT, the rule is 0.21% of the transaction amount. The seller bears the withholding tax, the rule is 0.21% of the transaction amount.
• Limit Order/Market Maker: transactions using the maker/limit method will incur a transaction fee of 0.31% (0.1% transaction fee + final crypto tax)
  *Order Market/ Instant : for transactions using the taker / instant method a 0.31% transaction fee will be charged (0.1% transaction fee + final crypto tax)
• Minimum transaction on the USDT market is 0.7 USDT or 10k IDR equivalent.
• IDR withdrawal maximum 50 times a month.
• The limit for withdrawing Rupiah and Crypto Assets for verified user can withdraw 500,000,000 IDR per day equivalent in crypto assets with a maximum value of IDR 100 million per withdrawal per withdrawal

 If you are still confused, don't hesitate to contact our Support Team you can via email at support@bittime.com.

Have a happy transaction at Bittime

Regards
BITTIME