Introducing Voltaire CashBack
We’re excited to announce the launch of Voltaire CashBack. CashBack is an innovative scheme which rewards trading by enabling users to earn Bitcoin Cash and other cryptocurrencies for each trade made.
CashBack pays an astounding 0.2% of the value of each maker order filled on Voltaire. We’re delighted that this is the first time an exchange has used an explicit fee structure to pass on all trading fees to users for maker orders executed. CashBack is currently live on our BSV/BCH and BTC/BCH trading pairs, and soon will be available for ETH/BCH and LTC/BCH. CashBack is available for a limited time only. You can find out how to start earning coins here.
With the launch of CashBack, we’ve updated Voltaire’s trading fees.
If you’d like to learn more, we’ve answered some of the more obvious questions regarding CashBack below:
How do I earn coins?
You can earn coins by placing an order on any of Voltaire’s markets, provided that the order is a maker order. As soon as your order is traded against, either in full or partially, your Voltaire balance will be credited with coins in the currency which you used to make the trade. An example:
Alice is selling 1 BTC at a price of 10 BCH. Bob creates a buy order to purchase 1 BTC from Alice. In this trade, Alice receives 10 BCH, plus some CashBack coins in BTC. The CashBack currency is BTC, as this was the currency Alice used to create her order.
What is a maker order?
A maker order is one which is resting in the order book before being filled. Maker orders can be completely untouched orders, or the remaining part of a partially filled order. In the latter case, only the remaining part can be considered to be maker, as the filled part did not rest in the order book and filled immediately.
In simple terms, if your order remains in Voltaire’s order book after you have placed it, it’s considered a maker order.
Where can I see my CashBack?
Your total earned CashBack is visible in your preferred fiat currency in the bottom left corner of the trading page, available for all currency pairs. You can see a breakdown of earnings by trading pair and currency by clicking on this element.
For detailed information about the earnings from each trade, see the Fills tab on any trading currency page.
Where do the CashBack coins come from?
It’s not a money printer. CashBack coins are deducted as a fee from the taker of any maker order. As of the time of publication, this fee is used in full to pay for CashBack.
In our example of Alice and Bob:
Alice is selling 1 BTC at a price of 10 BCH. Bob creates a buy order to purchase 1 BTC from Alice. In this trade, Alice receives 10 BCH, plus some CashBack coins in BTC. Bob receives 1 BTC, minus the taker fee charged. This taker fee is used to pay Alice for creating liquidity on Voltaire.
How do I claim and withdraw CashBack?
CashBack is credited automatically to you Voltaire wallet when a maker order is filled. You can withdraw CashBack coins just as you would withdraw regular coins on the wallet page.
How much CashBack can I earn?
You can use Voltaire’s interactive trading calculator available here.
— The Voltaire Team
Voltaire is an Electronic Cash Exchange. Our mission is to see electronic cash displace the financial system.
Sign up here https://voltaire.cash/signup/start
“Faith consists in believing when it is beyond the power of reason to believe.” — Voltaire
