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

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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.

Enable [Use CET as Fees] on the Preferences Settings page

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How to calculate fees when trading CET?

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.

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Why are my trading fees not deducted from CET?

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.

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