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 0.12% 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 & Bursa Fee: 

  • For transactions in Rupiah: For each transaction, the buyer must bear VAT & Bursa Fee, which is 0.12% VAT + 0.02% CFX (bursa) fee of the total sales and purchase transaction amount in Rupiah. 

  • For transactions in USDT: Since this transaction involves exchanging cryptocurrency for another cryptocurrency (USDT) or vice versa, rather than in Rupiah, for each transaction, the buyer must bear VAT + CFX (bursa) fee , which is 0.12% & 0.02% of the total sales and purchase transaction amount in Rupiah. 

• The Bittime platform will prioritize the collection of various taxes related to transactions from both parties, and the remaining amount will be allocated as Bittime's service fee.
  • Order Limit: For IDR transactions using the Order Limit method or Maker will get 0.22% (Include crypto tax & Bursa Fee) and for USDT transactions using the Order Limit method or Maker will get  0.32% (Include crypto tax & Bursa Fee)
    
  • Order Market or Instant Market or Taker: For IDR transactions using the Market/Instant method, a transaction Taker : 0.34% (Include crypto tax & Bursa Fee and for USDT transactions using the Order Limit method or Maker will get  0.32% (Include crypto tax & Bursa Fee)

• 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