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Pushpender Sharma
Within 1 year

Does Tapbit charge any undisclosed fees when you make deposits or withdrawals?

Broker Issues
Tapbit
Fees and Spreads
02-24
United States
WikiFX
Reply

Based on my direct review of Tapbit, I've found that the platform does not charge fees for deposits. However, when it comes to withdrawals—especially in cryptocurrencies—Tapbit clearly lists specific withdrawal fees for each supported coin. For instance, the withdrawal fee for ADA is 0.8 ADA, for AVAX it's 0.008 AVAX, and so on. These fees appear transparent and are detailed on their platform, so I did not encounter any evidence of hidden or undisclosed charges during the withdrawal process. That being said, as a trader who's dealt with a variety of brokers, I am cautious whenever I see a lack of third-party oversight or regulation, which is the situation with Tapbit. The absence of regulatory supervision means users must remain especially vigilant about fee changes or potential updates, as there may not be an authoritative body ensuring long-term consistency or transparency. For me, the transparency around crypto withdrawal fees is acceptable at the time of review, but I always recommend closely monitoring fee schedules before every transaction, especially since Tapbit operates without external regulatory checks. This approach minimizes the risk of unexpected charges and remains an essential step given the high-risk profile associated with unregulated brokers.

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