The next step is to open the Coinbase website. Thus, customers can send the units to the crypto exchange. Once Ethereum has arrived there, the units can now be exchanged. To do this, customers click on the „Trading“ button at the top left and move the mouse pointer to the „IOTA“ item. Now the marketplace „IOTA/ETH“ is clicked. Those who first want to find out about the price trend of IOTA will find it graphically displayed in real time. The area with a red background is interesting for buyers. In this way, it is possible to immediately recognize graphically which key figures come into consideration for buyers or sellers.
Related Article: https://www.indexuniverse.eu/profit-builder-review/
Trade IOTA units
The „AMOUNT (MI)“ column shows the amount of IOTA units to be traded at a given price. The list of all users (depending on the desired selling or buying price) is displayed in descending (selling) or ascending (buying) order. In the „TOTAL“ column, the units are displayed cumulatively according to the order. Users who want to trade at a certain price are listed here. Now the customers decide at which price they want to buy and enter this under „PRICE ETH“. At best, the customers observe the price every minute and use the shorter time frames for this. As soon as price drops occur, customers can buy. If you want to make it particularly easy, simply click on the desired value in the PRICE column, which is then automatically transferred to the order field. The IOTA quantity can also be adjusted (via „AMOUNT MI“). Those who click on the green button automatically determine the maximum value they can acquire with their existing Ethereum units. If these values are identical to the ambitions of the buyers, the „Exchange Buy“ button can be clicked; otherwise, it is blocked. Within a few seconds, Ether will now be traded in IOTA.
After trading, customers should always check the balance in their wallet. According to experience, the coins are available after a few seconds. Now they can be kept in the wallet or exchanged back with a profit (if the price trend is favorable). Then, in our example, the payout is made back to Coinbase.
Profit Builder Fees & Verification: This is how it works
Those who trade on Profit Builder have to reckon with various fees. However, experience shows that they are below the market average. Fees are charged for the following:
- for deposits and withdrawals and
- for trading.
Trading fees: Taker and maker fees
Trading fees are divided into taker and maker fees. They depend on the respective trading volume; a frequency of 30 days is used as a basis for calculation. Maker fees are incurred when a limit order is placed below the buy price and above the sell price. In contrast, taker fees are costs incurred only when liquidity results from an order. Makers incur fees up to the trading value of five million USD. All trades above this limit are traded free of charge. The maximum fee is 0.1 percent and applies to the smallest trading volume below 500,000 USD. However, the fee decreases as the trading volume increases. Taker fees are 0.2 percent of the trading volume for amounts between 0 USD and 7.5 million USD. They also continue to decrease as volume increases.
Fees for payments
Fees are also charged on payments. For bank transfers, it is at least 20 euros/deposit. Withdrawals must be made through the same channel through which the deposit was realized. Those who are in a particular hurry can also opt for the express bank transfer. However, fees of 1 percent/withdrawal amount will be charged here. However, there is a trick to avoid the fees: withdraw via NEO or BTG. All other coins are subject to fees for withdrawal. In the case of bitcoin, for example, it is 0.005 BTC.