Tonight, some Taiwanese friends told me that the exchange rate conversion fee in Taiwan is very miserable. Some friends also tweeted about whether we lowered the fee and then secretly increased the rate to the exchange rate difference.
I couldn't figure out where the problem came from. Because no matter how I test myself, it is about 1%-1.5% of the total fee. According to the standard exchange rate of Morning Star, it is also within a very normal range. And it's also very low in the industry.
Then it took a full two hours. I finally know what everyone's doubts are. 🤣
Partners in Taiwan will use the highest premium of USDT on the exchange to calculate the exchange rate difference.
For example, the price on the exchange is 30.41, and the price of USD/NTD is 30.21. We will use the in-exchange USDT premium of 30.41 instead of the fiat price of 30.21.
1USDT = 1USD. There is no way to match the highest premium of USDT on exchanges in various regions of the world. For example, 1USDT = 1.01 USD.
🩵 The basis of our exchange rate conversion fee can be calculated by referring to the exchange rate of Morning Star.
But think about it from another angle, when there is a discount in USDT, it will be more cost-effective to use Infini.
Okay, that's all for today's 😂 customer service Q&A
Tonight, I asked a friend to try the rate in Taiwan, and it cost NT$45
Infini consumes 1.51
USD 1.49
1- 1.49/1.51=0.013
In other words, in Taiwan, the exchange rate conversion fee is 1.3% in total.
76
75.71K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.