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How to calculate the trading fee and TDS on Bitcoiva?

How to calculate trading fees on Bitcoiva?

How to calculate trading fees on Bitcoiva?

Calculating Trading Fees on Bitcoiva: A Comprehensive Guide

Introduction: Trading cryptocurrencies like Bitcoin on platforms like Bitcoiva can be exciting and potentially profitable. However, it’s essential to understand the various costs associated with trading, including trading fees. In this guide, we’ll walk you through calculating trading fees on Bitcoiva, ensuring you clearly understand how much you’re spending on each trade.

Step-by-Step Guide:

12.475*850 =10,603.75 INR, the actual profit will be calculated after deducting the trading fee and TDS. 

Deducting trading fee from INR

10,603.75*0.2/100=21.2075 

Deducting TDS from INR

10,582.5425*1/100=105.82

Now, the user will get 

10,603.75-(21.2075+105.82)

10,603.75-127.03=10,476.71 INR

8. Complete Your Trade: If you’re satisfied with the trade details and the calculated trading fee, you can execute the trade. Confirm the order, and the Cryptocurrency platform in India will process your trade according to your instructions.

9. Monitor Your Account: After executing the trade, monitor your Bitcoiva account to ensure the transaction goes as expected. You should see the updated balance of Bitcoin in your account.

Conclusion: Calculating trading fees on Bitcoiva is fundamental to effective cryptocurrency trading. By understanding how these fees are calculated and factoring them into your trading strategy, you can make more informed decisions and optimize your trading profitability. Stay informed about any updates to Bitcoiva’s fee structure and other trading-related policies.

Visit us at: www.bitcoiva.com

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