There is no longer a fee or even VAT on the BEP20 network; it is now zero fees, but on the other networks available, TRC2O, ERC20, SOL, even TON, that was free, and the others now have VAT on them. Can someone explain this change and why the BEP20 network is tax-free?
I will not have time to download Kucoin again to login. It is a waste of time for me. I do not like the direction exchange has gone to. From their high withdrawal fee to the way they are doing Nigerians on the exchange. No VAT on other exchanges but only on Kucoin. I have added it to one of the exchanges that I can not use again. 
Topic: BEP20 is now completely tax free on kucoin. (Read 54 times)
There was a recent mention of VAT on withdrawals from Kucoin from this
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
How does the VAT on Kucoin works cause I've made several withdrawals without being charged.
You will find the VAT added to the regular amount attached to the transaction fee. If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
After that discussion, I noticed that the BEP20 network was unavailable for a while, and then when it was back up, this is the new development.
There is no longer a fee or even VAT on the BEP20 network; it is now zero fees, but on the other networks available, TRC2O, ERC20, SOL, even TON, that was free, and the others now have VAT on them. Can someone explain this change and why the BEP20 network is tax-free?
(I will upload a screenshot for those who do not use Kucoin immediately Talkimg.com is done with their maintenance.)
I doubt anyone have know much about this reason, expect it has been spoken by the Kucoin team. To be honest Kucoin fees are just becoming more annoying now they add charges claiming to be for our government tax when trading on their platform only for us and now adding this tax to it. All this are annoying and expect they come with a justifiable reasons people will slowly opt for a better CEX. We are suffering from our government unreliability of regulating cryptocurrency exchanges and now those who still offer any sense of service to us, are finding mo0re ways to exploit for us since our options are now fewer than before.
There was a recent mention of VAT on withdrawals from Kucoin from this
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
How does the VAT on Kucoin works cause I've made several withdrawals without being charged.
You will find the VAT added to the regular amount attached to the transaction fee. If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
After that discussion, I noticed that the BEP20 network was unavailable for a while, and then when it was back up, this is the new development.
There is no longer a fee or even VAT on the BEP20 network; it is now zero fees, but on the other networks available, TRC2O, ERC20, SOL, even TON, that was free, and the others now have VAT on them. Can someone explain this change and why the BEP20 network is tax-free?
(I will upload a screenshot for those who do not use Kucoin immediately Talkimg.com is done with their maintenance.)
I think it's good news but enjoy it while it lasts.
There was a recent mention of VAT on withdrawals from Kucoin from this
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.
How does the VAT on Kucoin works cause I've made several withdrawals without being charged.
You will find the VAT added to the regular amount attached to the transaction fee. If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.
After that discussion, I noticed that the BEP20 network was unavailable for a while, and then when it was back up, this is the new development.
There is no longer a fee or even VAT on the BEP20 network; it is now zero fees, but on the other networks available, TRC2O, ERC20, SOL, even TON, that was free, and the others now have VAT on them. Can someone explain this change and why the BEP20 network is tax-free?
(I will upload a screenshot for those who do not use Kucoin immediately Talkimg.com is done with their maintenance.)