Introduction:
In today’s fast-paced crypto trading landscape, investors and traders constantly seek reliable platforms offering transparency, user-friendly interfaces, and competitive fees. Mudrex is a leading investment platform that simplifies cryptocurrency investing, providing smart investment options and personalized guidance.
In this blog, we will explore Mudrex’s overall fee structure, emphasizing transparency, the reasons behind the fees, and key details about its innovative product.
Mudrex Pricing and Fees Disclosures:
Mudrex is committed to maintaining transparent fee structures, ensuring that users are aware of the costs associated with their services. By clearly stating the fees upfront, Mudrex empowers investors to make informed decisions about their investments.
Let’s dive into the different fee categories charged by Mudrex.
Detailed Fee Structure:
| TYPE | Mudrex Fee (On Total Amount) |
|---|---|
| Fiat Deposit (INR) | Zero |
| Fiat Withdraw (INR) | 1% + Applicable taxes on the fee (18%) along with 1% TDS |
| Deposit (Other currencies) | 0.50% |
| Fiat Withdraw (EUR) | 0.50% |
| Crypto Deposit | No Fee |
| Crypto Withdraw | 2% |
| Coin Set Investment | 0% |
| Coin Set Redemption | 0% if redeemed after 1 month. 1% otherwise |
| Rebalancing (Monthly) | 0.25% to 1% |
| Vault | No Fee |
| Coins (Buy) | 0.25% |
| Coins (Sell) | 0.25% |
| Futures(Long/Buy) | 0.1% |
| Futures(Short/Sell) | 0.1% |
| Futures(Funding Fee) | Dynamic |
Note: The fee structure mentioned in this blog is based on the provided information and may be subject to change. It’s advisable to refer to Mudrex’s official documentation or contact their customer support for the most accurate and up-to-date fee details.
Deposit and Withdrawal Fees:
Mudrex charges a fee for depositing and withdrawing funds, which varies depending on the currency and region. When depositing Indian Rupees (INR) into your Mudrex account, there is no deposit fees. However, when withdrawing INR from your Mudrex account, a fee of 0.50% on the withdrawal amount, plus applicable taxes (18% GST) and 1% TDS (Tax Deducted at Source), is charged. For Euro (EUR), a fee of 0.5% on the amount is charged on both deposits and withdrawals, but no tax is charged on this as per applicable laws.
These fees help cover the costs of maintaining the platform’s infrastructure, accessing liquidity providers, complying with regulatory requirements, and ensuring responsible usage.
Cryptocurrency Deposit and Withdrawal Fees:
Mudrex does not charge any fees for depositing cryptocurrencies into your account. Users can enjoy the benefit of depositing crypto to Mudrex’s platform without paying any extra charges. However, when withdrawing cryptocurrencies, a fee of 2% of the total withdrawal amount is charged. This fee covers the costs of maintaining the platform’s infrastructure, security, liquidity access, regulatory compliance, and responsible usage. Additionally, network fees imposed by the blockchain network selected will apply.
Coins Fees:
When engaging in coin investments, a nominal management fee of 0.25% is applied to the purchase amount. This fee is essential for covering the expenses associated with effectively managing and maintaining the investment options. Similarly, when selling your coin investment, a management fee of 0.25% is incurred. This fee plays a crucial role in facilitating continuous enhancements and upkeep of the product, ensuring its ongoing development and sustainability.
Vault Fees:
Mudrex does not charge any specific trading fees when trading in Vault. With Vault users can earn a competitive return on their investment while keeping their funds safe and secure, without any extra fees.
Coin Sets Investment and Redemption Fees:
Coin Sets on Mudrex enable investors to diversify their portfolio by investing in multiple crypto coins based on a theme. When investing in a Coin Set, no transaction fee is charged. Similarly, redeeming a Coin Set carries no fee if the redemption is done after 1 month from investing, and 1% is if redemption happens within 1 month.
Rebalancing Fees:
Rebalancing is a crucial process for adjusting the weights of the constituent assets. Mudrex charges a rebalancing fee of 0.25% to 1% of the total amount depending on the Coin Set during each rebalancing. This fee covers the costs associated with buying and selling tokens as part of the rebalancing process. Extensive research conducted by Mudrex indicates that Coin Sets deliver better returns even after incorporating the rebalancing fees.
Conclusion:
Having a clear understanding of the fee structure is crucial when using the Mudrex platform. This comprehensive overview has provided detailed insights into the fees charged for various services, including depositing and withdrawing funds, investing in Coin Sets, trading individual cryptocurrencies, and utilizing the Mudrex Vault. By being aware of these fees, you can make informed decisions and effectively manage your trading costs on the Mudrex platform.
