Henry Chan
PayTrie
Published in
2 min readJan 26, 2021

--

Lower Fee from 1% to 0.6%

We’re starting the new year by lowering our fee from 1% to 0.6%. With the latest surge in cryptocurrency demand, we’ve experienced the best quarter in PayTrie’s history, unlocking economies of scale savings. We’re passing those savings to our loyal users. Starting today, all buy and sell transactions will be priced at 0.6%. With our same transparent pricing, what you see is what you’ll get.

Dynamic Gas Replaces Gas Surcharge

Aligning with industry best practice, we’ve updated our gas fee structure to become dynamic and real-time, replacing our tiered surcharge. This new gas fee structure will provide you with more predictability when purchasing stablecoins. As a reminder, PayTrie never profits from gas fees. This fee goes directly to the Ethereum network miners to process your transaction. When gas fee is really high, we recommend you to wait. You can see real-time gas prices here for reference.

Max Buy $2,000 → $2,500

Max buy transaction sizes are boosted from $2,000 to $2,500, allowing you to buy more stablecoins in a single transaction. Our OTC desk, otc@paytrie.com, is always available if you’re looking to buy more!

PAX and TUSD Delisting

We’ve removed support for PAX and TUSD. We periodically review each stablecoin that we support to ensure it meets the highest level of standard. Based on our most recent review, we have decided to stop supporting PAX and TUSD on PayTrie effective today. If you have any questions or concerns, please email us at support@paytrie.com.

Our new pricing scheme unlocks more flexibility for us to provide you with more features that you’re used to and love. Stay tuned for more product updates in the coming months!

About PayTrie

PayTrie is Canada’s premier gateway to get stablecoins enabling you to get started with cryptocurrencies. With our low 0.6% all inclusive, no hidden fee, ultra fast transfer, and quick KYC, you can get started today for free.

This article is not intended as investment advice or solicitation. This content, including charts, graphs and references to any digital assets are provided for informational and illustrative purposes only, and should not be relied upon as legal, business, investment, or tax advice. Digital asset trading is subject to high market risk. Digital assets, including stablecoins are subject to market fluctuations. You should consult your own advisers on these matters.

--

--