Indian Crypto Firm weTrade Removes Trading Fees On Over 50 Coins

weTrade also offers a 100 percent cashback on TDS on its platform.

weTrade is a Bengaluru-based crypto trading platform.

Whenever you buy or sell coins on a crypto platform, you have to pay a certain trading fee most of the time. Bengaluru-based platform weTrade looks to do away with that practice as it has now removed trading fees for over 50 coins available on its platform, including the likes of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), the company announced on Thursday. With the move, weTrade will be joining the likes of elite global crypto platforms such as Binance, KuCoin, Crypto.com, Phemex, and others who also offer services with zero trading fees.

Back when a 1 percent TDS went into effect on all crypto transactions in India in July, weTrade offered to pay the entirety of the TDS amount from its end in the form of a 100 percent cashback. It also offers an instan 1 percent cashback in all coins available on the platform. 

As per founder and CEO Prashant Kumar, weTrade aims to make crypto trading an “easy and rewarding” experience for its users. “We not only offer zero trading fees but also help our customers by letting them enjoy the dual benefits of price appreciation and multiplying rewards,” Kumar said. “Our app interface provides efficient and intuitive solutions across the user journey such as a secure and quick KYC, instant money deposit and withdrawal, and a one click buy/sell; taking less than a minute to start investing in crypto.”

Additionally, weTrade provides NFTs to all early users upon signing up on the app, which can be traded further. 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.