Xfers charges 0.55% for the XSGD deposits and withdrawals via bank transfer to Coinut platform. However, do you know that the cost is much cheaper if you deposit/withdraw XSGD via blockchain?
XSGD tokens are available on Ethereum blockchain (ERC-20) and Zilliqa (ZRC-2) but Coinut supports only ERC-20 XSGD at this moment. It is totally FREE to deposit ERC-20 XSGD to Coinut, and we charge a small amount of blockchain fee for the XSGD withdrawals. You are then able to withdraw the XSGD from Xfers without a withdrawal fee (as of 7 Sept 2021 based on Xfers' post). This would be the cheapest way to cash out your cryptocurrencies in Singapore!
All you need to do is just login to your Coinut account and go to the XSGD deposit page to retrieve the ERC-20 XSGD deposit address. The deposit is free of charge.
While for ERC-20 XSGD withdrawals, you are able to withdraw them as you withdraw other cryptocurrencies. Just make sure your withdrawal address is an ERC-20 address, we charge a small amount of withdrawal fee based on the network congestion condition.
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