Fees

Buying and selling on Quebex.com

If you are the one who posts an ad (the maker)

If you will get...Off-site CADOn-site CADBTCLTCETH
for your Off-site CAD//3.9%3.9%3.9%
for your On-site CAD//3.9%3.9%3.9%
for your BTC3.9%3.9%/3.9%3.9%
for your LTC3.9%3.9%3.9%/3.9%
for your ETH3.9%3.9%3.9%3.9%/


These fees are taken in addition to what you have traded (e.g. if you sell 1 BTC, and the fee is 1%, we will deduct 1.01 BTC for the sale), except when you are offering CAD in which case the fee will apply to the crypto currency you receive (e.g. you send $1, 000 CAD via e-Transfer for 1 ETH, and the fee is 3.9%, you will receive 0.961 ETH).


If you are the one buying from / selling to an ad (the taker)

If you will get...Off-site CADOn-site CADBTCLTCETH
for your Off-site CAD//3.9%3.9%3.9%
for your On-site CAD//3.9%3.9%3.9%
for your BTC3.9%3.9%/3.9%3.9%
for your LTC3.9%3.9%3.9%/3.9%
for your ETH3.9%3.9%3.9%3.9%/


These fees are taken from what you will receive (e.g. if you buy 1 BTC, and the fee is 1%, you will receive 0.99 BTC from the purchase), except when you are receiving CAD in which case the fee will be in addition to the crypto currency you send (e.g. you want to sell 1 ETH for $1, 000 CAD and be paid via e-Transfer, and the fee is 3.9%, you will have to escrow and pay 1.039 ETH to get the $1, 000 CAD).

Trading fees are subject to change.

Quebex.com wallet and bitcoin transfers

The Bitcoin transaction fee is currently between 0.00039263 and 0.00047988 BTC per outgoing transfer. It can be higher or lower depending on the current usage rate of the Bitcoin Blockchain. At Aug 2017 rates, this fee can sometimes total $5 CAD or more.

For Ethereum deposits, there is a small fee charged on deposit (which as of Aug. 2017 worked out to less than $0.03 CAD).

For Ethereum withdrawals, there is also a small fee charged (which as of Aug. 2017 worked out to less than $0.50 CAD).

Litecoin, like bitcoin, requires a mining fee paid to the network per outgoing transfer. Approximately 0.01-0.05 LTC are usually charged per transfer. At Aug 2017 rates this fee is usually less than $3.00 CAD.

Automated Transaction Settlement

When trading between pairs of crypto currencies (e.g. BTC and LTC, or LTC and ETH, or ETH and CAD Quebex Balance), it is possible for Quebex to settle your trade without any intervention.

In order to reduce the possibility of a flash-crash induced loss of funds, Quebex has put in place safeguards to halt automatic trading when the market rates deviate too much from the past 24h performance.

Each crypto currency has a "sanity" rate set -- the percentage change over 24 hours where automatic trading is still possible.

For instance, if the Bitcoin price range in the last 24 hours was $5,000 - $5,500, and the sanity rate was set at 10%, the following three cases would exist:

  • If the current price is lower than 10% less than the highest price in the last 24h, automatic trading would be blocked.
    10% of $5,500 is $550, so a current price of $4,949.99 would block BTC/LTC, BTC/ETH, and BTC/Quebex Balance trades from automatically completing.
  • If the current price is higher than 10% more than the lowest price in the last 24h, automatic trading would be blocked.
    10% of $5,000 is $500, so a current price of $5,500.01 would block BTC/LTC, BTC/ETH, and BTC/Quebex Balance trades from automatically completing.
  • If the current price is within both sanity check limits (e.g. between $4,950 and $5,500) then, providing the other currency didn't go outside its sanity rate range, the trade would execute automatically.

If a trade is started, and a currency falls outside its sanity range, you will have to manually click "Release BTC/ETH/LTC."

The Sanity rate is 25% for BTC, 18% for LTC, and 18% for ETH.

Market Rates

When determining the market rate, Quebex regularly monitors crypto currency exchanges and price tracking sites.

We use those external sources to adjust the market rate. It isn't based on trading activity on the Quebex platform alone.