Latoken is a widely respected cryptocurrency exchange that has been around since 2017. The standard buying and trading of cryptos is possible through the exchange, though the platform also stands apart for putting heavy emphasis on lesser known, or otherwise not yet popular coins. Dozens of cryptos not listed at other exchanges can be found exclusively at Latoken. Latoken also offers the opportunity to directly fund in-development tech-based or other crypto projects.
Latoken currently has 80,000 registered traders. The platform also has over 110 crypto trading pairs, with more being added on a regular basis. The site has low trading and withdrawal fees in comparison to other exchanges.
Latoken puts an emphasis on those that trade more frequently, offering transaction fee reductions based on the last 30 day trade volume of each user. To put it in a nutshell, the more you trade at the Latoken exchange, the lower the overall transaction fees will be. This makes the platform particularly appealing to corporations and other organisations that see large trade volumes over short periods of times. Though, even individual traders will enjoy low fees when compared to the competition.
When you complete a transaction on the platform the computerised Latoken system automatically refers to your trading history. Trading fees are, therefore, applied automatically based on your trade volume. This system updates every minute, meaning that any trades you’ve logged will count towards the transaction fees that follow, assuming that transactions are not rapidly shot off in quick succession.
In more detail, the automated Latoken system calculates your transaction fees based on a fair, universally applied equation. The system converts your trade volume into USDT. Since USDT is a stablecoin, deriving its value from the fiat US dollar, USDT is considered as close as possible crypto representation of the United States dollar.
Though some might argue that the value of USDT can vary slightly depending on the exchange. That’s why Latoken takes the additional step of calculating USDT value based on prices at 17 different exchanges. With your trade volume now quantified in USDT the value is used to reduce transaction fees accordingly.
Here are the fees for spot trading at the Latoken exchange. Note that the platform welcomes corporate clients to call in and arrange any special deals, should a unique financial situation be applicable.
| Level | 30d Volume, $ | Maker | Taker |
| 1 | Less than $10.0k | 0.49% | 0.49% |
| 2 | $10.0k – $50.0k | 0.39% | 0.39% |
| 3 | $50.0k – $100.0k | 0.29% | 0.29% |
| 4 | $100.0k – $250.0k | 0.12% | 0.19% |
| 5 | $250.0k – $1.0m | 0.07% | 0.11% |
| 6 | $1.0m – $2.5m | 0.06% | 0.09% |
| 7 | $2.5m – $10.0m | 0.04% | 0.07% |
| 8 | $10.0m – $20.0m | 0.02% | 0.05% |
| 9 | More than $20.0m | Zero | 0.04% |
The Latoken exchange deals with a number of exclusive tokens. These exclusive tokens require additional fees, given that the platform must spend more to maintain the liquidity of a currency not available at any other exchange. The following tokens are subject to higher transaction fees:
TYPEETH, CRICUSDT, SSBUSDT, PSTNUSDT, MWUSDT, SNNUSDT, METADOGEV2USDT, DEXFUSDT, RNBWUSDT, FOHOUSDT, AIRXETH, DOGE2USDT, MMSUSDT, KODIUSDT, UGTUSDT, IJCETH, DYTUSDT, SPACEUSDT, ILUSUSDT, TANGOUSDT, TSAUSDT, ECTEBTC, CFXQUSDT, CVSHOTUSDT, LAUSDT, FONEUSDT, RWNBTC, BLIUSDT, AENSUSDT, EVYLA, SMBSWAPUSDT, TREEUSDT, KUKUUSDT, AIRXUSDT, AENSBTC, 2LCBTC, CPANUSDT, NITETH, PRDXUSDT, CVTUSDT, UCOINUSDT, SPHUSDT, SPHETH, HPNSUSDT, LAETH, JAIHOUSDT, DEXSHAREUSDT, M7V2USDT, EAIETH, KUKULA, KLCUSDT, GYMNETUSDT, SPHBTC, UNISUSDT, MVCUSDT, SPHTRX, RFXUSDT, CONJUSDT, PUREUSDT, FRENUSDT, MGTUSDT, SBARUSDT, INFIUSDT, VANCATUSDT, TYPEUSDT, YFIH2USDT, SATXUSDT, AINUTRX, INDUSDT, CWAPUSDT, FSHNUSDT, TPOSUSDT, S4FUSDT, ROADUSDT, ORKUSDT, CADINUUSDT, EATUSDT, TKGUSDT, HVE2ETH, CSRUSDT, TOMUSDT, 2LCUSDT, NXGUSDT, EVYETH, BUXUSDT.
Here are the relevant transaction fees for these exclusive tokens, keeping in mind that the same fee reduction based on 30 day trade volume applies.
| Level | 30d Volume, $ | Maker | Taker |
| 1 | Less than $10.0k | 0.49% | 0.49% |
| 2 | $10.0k – $50.0k | 0.39% | 0.39% |
| 3 | $50.0k – $100.0k | 0.29% | 0.29% |
| 4 | $100.0k – $250.0k | 0.12% | 0.19% |
| 5 | $250.0k – $1.0m | 0.07% | 0.11% |
| 6 | $1.0m – $2.5m | 0.06% | 0.09% |
| 7 | $2.5m – $10.0m | 0.04% | 0.07% |
| 8 | $10.0m – $25.0m | 0.02% | 0.05% |
| 9 | More than $25.0m | Zero | 0.04% |
Latoken does charge withdrawal fees. However, these fees can vary dramatically based on the crypto being withdrawn. Given the vast number of cryptos offered on the platform it is best that you simply refer directly to the list of cryptos, available at the Latoken site itself. The list will specify the withdrawal fee, as well as the minimum allowed withdrawal amount.
When you proceed with a withdrawal the automated system will inform you which withdrawal fees will be applied. There is no system in place to reduce withdrawal fees, meaning that every trader is charged the same amounts across the board. It is, however, possible to reduce withdrawal fees by engaging in smart banking practices on the platform.
Simply put, the fewer withdrawals made, the less the overall fees that apply. In other words, it is better to make fewer, larger withdrawals than several smaller withdrawals. So, if all necessary withdrawals are lumped together and made once a week or even once a month, the overall fees are reduced by extension. To that end, it is also a good idea to convert scattered cryptos into a single crypto for withdrawal. For example, many professional crypto traders convert their currencies into USDT before withdrawals. USDT is seen as the universal benchmark in the crypto market.
Latoken does not charge any deposit fees on the major cryptos. This includes Bitcoin (BTC), Ethereum (ETH) and USD Token (USDT). However, a deposit of any other crypto is subject to a deposit fee. 1% is deducted from the deposit across the board, applicable to all other cryptos. There is no way to reduce deposit fees, and all traders are subject to the same fees.
Again, the only way to reduce deposit fees is with smart banking. Reducing the number of overall deposits will reduce the associated fees.
While it is not possible for transactions to be reversed, there are certain circumstances where Latoken allows for refunds, and transaction recoveries. However, it is only in the very specific circumstances that will be outlined here that a refund is possible.
There are certain cryptos that the Latoken platform simply does not support. Although every effort is made by the developers to support as many currencies as possible, there are certain complications and blockchain incompatibilities that have not yet been solved. As such, some cryptos cannot be deposited or used on the platform.
With that being said, it is still a fairly regular occurrence for these unsupported tokens to be deposited, resulting in the funds becoming void. Traders unexpectedly losing funds is a regrettable occurrence, and as such, the platform has made it a policy to refund the lost crypto. There are, however, fees required for the refund to be processed.
In the case that you send an unsupported crypto to the platform, such as some of those based around POLYGON, ETHEREUM or BSC, it is possible to have the voided funds sent back to the digital wallet of origin. The recovery fee is based on the blockchain of the crypto. Note that the fee applies to the full amount being refunded, with no additional fees based on the amount of the funds being recovered.
MATIC equivalent of $30 for tokens on POLYGON
ETH equivalent of $100 for tokens on ETHEREUM
BNB equivalent of $30 for tokens on BSC
Refund fees are charged to cover the time of the development team as well as the cost of the blockchain recovery transaction. It is advisable to check if Latoken supports a certain crypto before making any deposits.
Latoken, like all crypto exchanges, does not operate for free. Latoken utilises a blockchain in order to have transactions properly processed and forwarded. However, blockchains have running costs that quickly add up over time. If these costs are not covered it would result in the collapse of the ecosystem in short order. To put it in a nutshell, blockchains are expensive and must be paid for.
Blockchains operate on the basis of miners. Miners are independent third parties that decide to sign up and allow their hardware to be utilised for the blockchain. Transactions and other information transferred from the Latoken exchange to other exchanges and external destinations is divided up into data blocks. These data blocks must be processed before they are made official. It is this processing system that ensures the safety of the information, thereby keeping blockchain safety and security as a top priority.
It is the third-party miners that perform the task of block processing. But miners don’t work for free. In fact, the task of processing data blocks is very costly over time, especially where specialised hardware and electricity costs are concerned. That’s why miners are paid a fee for their services. This is where transaction fees come in. Transaction fees go towards paying miners, thereby making blockchain technology possible.
Latoken calculates the price of transaction fees based on the last 30 days of your trading volume. The trading volume of each trader at Latoken is calculated every minute, therefore keeping transaction fees as up to date as possible. The idea is that each trader is charged based on their overall contribution to the platform.
The 30 day trading volume is converted into USDT based on the trading prices of USDT at 7 different exchanges. The total in USDT is used to determine which fees will be charged on every transaction. Putting it simply, the most active traders are charged the least. If you want lower transaction fees you will have to increase your trading volume.
The Latoken exchange operates on a blockchain. A blockchain works by dividing transaction information up into data blocks. These blocks are sent to independent miners to be processed, thereby making the blockchain a possibility. Blockchains are, therefore, run by third-party miners, each of which has willingly signed up to make the blockchain possible.
Miners use specialised hardware, as well as investing a great deal of time and energy into data block processing. Miners must be paid, which is where transaction fees come in. If it were not for transaction fees, miners couldn’t be paid, the blockchain wouldn’t operate, and the ecosystem would collapse.
The Latoken platform does not charge a deposit on the biggest cryptos. This includes ETH, BTC and USDT. All other cryptos are charged a flat rate of 1% across the board when deposited. 1% of the deposit made is charged as a deposit fee.
The Latoken platform goes above and beyond to give the most active traders on the platform as much leeway as possible. It is possible, therefore, in certain specific circumstances, to pay zero transaction fees. Or as close to zero as possible.
However this privilege is reserved for the biggest corporations with the highest levels of trade volume. If you or your corporation have amassed a total of $25 million in trade volume over the last 30 days, you will be charged 0% as a maker. You will still be charged 0.08% as a taker.
Yes, Latoken lists hundreds of exclusive tokens and cryptos, none of which are listed at any other exchanges. This gives savvy traders the chance to get in early, make investments, and potentially earn maximum returns in the long run. Latoken also has multiple exclusive trading pairs, with more being added all the time. Any trader that wants a distinct advantage and an opportunity to get ahead should investigate all the exclusive coins on the platform.
Latoken also offers the opportunity to invest directly into various crypto and other tech industry start-ups. Tech-based projects that are looking to be funded can be listed on Latoken for a limited period, allowing traders to invest as they see fit. To date, Latoken has been responsible for helping hundreds of tech start-ups get the funding they need. Of course, traders that invest in start-ups also have the possibility of cashing in big later down the line.
