Deposit and withdrawal fees and limits
Price fluctuations across all crypto markets during December and the unprecedented interest in this space have brought with them their share of challenges. On-chain transaction fees and long confirmation times among them. Lykke has always been committed to the best possible experience for our users and zero transaction fees on our platform.
We will continue to offer zero fee transactions for trading, but we will put safeguards in place to reduce the impact of blockchain commissions and expenses.
As of 12:00 CET on February 7, 2018, we will be implementing the following fees and limits on the Lykke Exchange:
You can find additional requirements, clarifications and expansions of our new policies in our Fees and Limits statement.
Fees and limits hurt and this was not an easy decision to take. But reducing the subsidies for deposits and withdrawals is the best possible compromise to ensure that our users will continue to enjoy zero-fees on trading on the Lykke Exchange.
What is a crypto-fiat gateway?
A fiat gateway is a combination of words that you will frequently hear if you decide to enter the cryptocurrency world and buy Bitcoin or other cryptocurrencies in a crypto app. To understand its meaning and function, you have to understand what fiat means. Fiat means simply conventional money, it refers to national currencies the government’s issue not backed by any commodity. It derives from the Latin word fiat (from “facere” - make/do, present passive subjunctive “let it be done”) and we can assume that it implies a deal - let it be done!
What is a Coin Burn?
As new tokens are mined and enter circulation every day, cryptocurrencies need to ensure that the market is not oversaturated with supply. After all, prices in the digital currency market are almost entirely dictated by the economic principle of supply and demand.
Reflection on the Journey
September 26th was a very significant day for us since we celebrated our 5th anniversary. With having some time to reflect on what has been done in our journey, we are more than grateful to all our customers, community members, investors, stakeholders, and friends who despite the ups and downs from the bumpy road, remain true to our dream.
The Evolution Of Fintech
The phrase Fintech which stands for ‘Financial Technology’ refers to software and other modern technology used by businesses that provide automated and streamlined financial services.
Best Cryptocurrency to Invest In, other than Bitcoin, if you are a beginner
What cryptocurrency to invest in is a question that many beginner traders or holders ask themselves when facing the choice of some 3000 crypto coins and tokens currently available on the market. Even if all of them can be considered cryptocurrencies, in reality, from the technological and legal perspectives they may be totally different. If you have doubts about what cryptocurrency to buy as a speculative object of value or what cryptocurrency to invest in long terms, continue reading this article to learn about the most common criteria of smart choice.