What is CET deduction?

After holding CET and turning on the CET deduction service fee function, CET will be directly deducted as a service fee when trading, and you can enjoy a 20% discount for any currency transaction (except AMM market and contract market).

Taking the ETH/USDT trading pair in the spot market as an example, CoinEx will respectively obtain the latest market prices of ETH/USDT and CET/USDT at the time of transaction, and calculate the handling fee according to the following formula:

Fee (CET) = (ETH/USDT) latest market price / (CET/USDT) latest market price * Taker/Maker rate * discount

Go to CoinEx’s Official Website

How to use CET to deduct transaction fees?

Method 1: Go to the currency trading page, and enable the [ CET deduction] function in the entrustment order area .

How to Use CET as Trading Fees on Spot Trading

Method 2: Go to the preferences page and enable the [CET deduction] function.

How to Use CET as Trading Fees on Spot Trading

If the receivable transaction fee is CET, you can still enjoy a 20% discount after turning on “CET deduction fee” (except AMM market and contract market); after it is closed, the transaction fee will be charged at the default rate.

If there is no deduction for the transaction fee:

  • Insufficient CET balance: When the CET balance is insufficient, the handling fee will be charged according to the default rate and currency; if you have enough CET to pay the handling fee for a single transaction, the system will automatically convert the handling fee into CET and calculate After the corresponding discount, it will be deducted from the CET balance.
  • The trading market is the AMM market: the AMM market uses an independent transaction fee rate system, and does not support CET deduction of handling fees.
  • The trading market is the contract market: the contract market does not support CET deduction of handling fees.

Go to CoinEx’s Official Website