Bitqist offers our Digital Currency Storage Service free of charge. This means we will store your Digital Currency at no cost to you. “Digital Currency” means any digital currency currently supported by bitqist. Bitqist pays and charges fees for transactions on digital currency networks. All fees we charge you will be disclosed at the time of your transaction.
Digital Currency Transactions
In addition to sending or receiving Digital Currency through bitqist, you can purchase or sell a single Digital Currency (a “Digital Currency Purchase” or “Digital Currency Sale”). When you request a Digital Currency Transaction, bitqist will attempt to fill that order at one of the bitqist’s partners. Bitqist establishes the exchange rate for Digital Currency Transactions (“Consumer Exchange Rate”) by adding a margin, or spread (the “Spread”), to the market exchange rate. Bitqist also charges a separate fee (in addition to the Spread) that is a percentage of the transaction (the “Bitqist Fee”), as further described below in the section entitled, “Buy/Sell Transactions.” Bitqist Fees may vary based on your location, payment method, and other circumstances. In some cases, we may charge an additional fee on transfers to and from your bank account. We will always notify you of all Bitqist Fees (not including the Spread) and any other service fees that apply to each transaction immediately before you conﬁrm each transaction.
Bitqist charges a Spread of about one and one-half of one percent (1.50%) for Digital Currency Purchases and Digital Currency Sales. However, the actual Spread may be higher or lower due to market fluctuations in the price of Digital Currencies on bitqist’s partners between the time we quote a price and the time when the order executes. We also charge a Bitqist Fee (in addition to the Spread), which is 0.25% of the total transaction.