FoPay — FOIN Deposit & Withdrawal Fees Update

FOIN Official
Nov 5 · 1 min read

FoPay — FOIN Deposit & Withdrawal Fees Update

Dear community,

Effective 5 November 2019, all FOIN deposits will be charged a fee of USD 8.75 per FOIN. Any fraction amounts that are less than 1 FOIN, for example, 0.1957 FOIN, will also be required to pay the full deposit fee equivalent to 1 FOIN.

Therefore, a deposit of 4.285 FOIN will be charged a deposit fee of 5 x USD 8.75 = USD 43.75. This deposit fee will be deducted directly from the depositor’s corresponding USDT FoPay account.

As a result of FOIN Deposit Fee Implementation, FOIN withdrawal fees will be waived from today until 31st March 2020 and internal FoPay transfers will remain free.

Thank you for your attention.