Fee Calculation Protocol (FCP)

Please read this info about FCP before creating an order on MagiZAP.

The FCP is a safety measure, that does not let anyone to wipe out large amounts of the exchange liquidity.

Fixed transaction fee:

There is a 0.01 XMG or 0.0001 LTC transaction fee (depends if you buy or sell XMG), which is the default blockchain fee.

Liquidity fee:

There is a 10% fee calculated from the price difference you make with your order. For example if your order would decrease the XMG price by 50%, then 5% as a liquidity fee will deducted from the amount sent to the exchange. 

Liquidity donation:

The liquidity donation percentage is not counted to the liquidity fee, so you won't pay a higher fee when you donate more liquidity.