Mudrex is an honest exchange. We believe in keeping our fee structure simple and transparent. We only charge fees where we add value to a user. We also believe in incentivizing actions that help grow the market for everyone.
Trade fees are charged on a per trade bases. We have a maker/taker system to incentivize users to bring liquidity to the market.
Maker: A party whose order exists in the order book and hence ‘makes’ a market liquid
Taker: A party who fills an existing order in the order book and hence ‘takes’ liquidity away
|Fees||MUD token discount|
The more you trade the more you get back. Our high volume traders who bring liquidity to the market will get a multiple of their trading fees back at end of day in the form of MUD tokens. Find out more about the MUD token here
|Daily trade volume||Trade incentive|
|Less than INR 25,000||0|
|INR 25,000 to 2,50,000||50%|
|INR 2,50,000 to INR 5,00,000||100%|
|INR 5,00,000 to INR 10,00,000||110%|
|Greater than INR 10,00,000||120%|
Deposit fee is the fee that is charged to users when they deposit a currency on in their Mudrex wallet. In order for a user to participate on the exchange, deposit in some form is the first thing required to be done.
|Indian Rupees (INR)||Upto 2.1% Payment Gateway fees|
|Any Digital currency||Free|
Your first deposit is your entry point to the digital asset ecosystem. More often than not there is some form of deposit fee involved when it comes to deposit into other exchanges. We want to make it easier for you to join! We are giving away 500 MUD token to you on your first deposit!
When you request a withdrawal, we need to pay a transaction cost which is required to complete the transaction. The cost of withdrawal is what we are passing on to you.
|Indian Rupees (INR)||20 INR|
|Bitcoin (BTC)||0.001 BTC|
|Bitcoin Cash (BCH)||0.001 BCH|
|Litecoin (LTC)||0.005 LTC|
|Ethereum (ETH)||0.001 ETH|
|Ripple (XRP)||0.01 XRP|
There is an overall deposit/withdrawal limit of 50 Lakh. If a user wants to do deposits/withdrawals higher than this amount then they need to do enhanced verification. More details around enhanced verification can be found here.
|Per Transaction||Per Day||Per Transaction||Per Day|
|INR||Min||INR 100||INR 100||INR 100||INR 100|
|Max||No Limit||No Limit||2,00,000||10,00,000|
|Any Digital Currency||Min||No Limit||No Limit||No Limit||No Limit|
|Max||No Limit||No Limit||10 BTC||50 BTC |