We have no monthly fees or hidden fees. What is our benefit? We take a commission. But it’s not big. Only 20% and only from the profit that you get from bot.
Let’s imagine that you made a deal and earned 1 USDT. It means 0.20 USDT will be debited from your Veles account.
But suddenly the cards turned out well, and in a month you earned a lot. Should you give 20% of this good? Of course not. We will not charge you more than 50 USDT per calendar month. This means that the deduction, equal to 20% of each received Gross-profit, will occur only until 50 USDT is accumulated. When the limit is reached, the service commission will be not be taken until the 1st day of the new month (0:00 UTC), the remaining funds will be kept on your balance. The limit is separate for each type of trade (currently there are 2 types of trade: Spot and Futures USDT-M). That is, if you trade only Futures or only on Spot, your maximum commission is 50 USDT. If you trade both Futures and Spot, then the maximum will be 50+50=100 USDT per calendar month.
All debits (that is, your personal account for service fees) are shown in your personal account
https://veles.finance/cabinet/account/balance
The commission shown on the Statistics page (https://veles.finance/cabinet/statistics) is exactly the exchange trading fee, not Veles.
Note. The service commission is debited after each profitable deal. But Gross-profit that is displayed on the Statistics page (https://veles.finance/cabinet/statistics), also includes Stop Losses. Therefore, in order to determine the basis for calculating the commission, you need to look at the profitable deals only – it is the share of “Profit” on the pie chart.
But how can we charge a fee if Veles doesn’t have access to withdraw funds from any account on the exchange?
There is nothing complicated here. The bot trades the balance from your account on the exchange. All earned profit also arrives in the account on the exchange. Veles doesn’t have any access to withdraw funds from your account on the exchange, therefore, to withdraw the commission, we use the internal account balance of the account on the Veles platform. Every time the bot makes a profit, Veles deducts a commission from the internal account.
When a user registers in our service, then for completing tasks
https://veles.finance/cabinet/challenges
he is provided with a total of up to 5 USDT to the balance in his personal account. These funds cannot be withdrawn, but you can test the bot for them without investing your funds to pay the commission.
What if I don’t replenish Veles?
There is no secret here. Even if you don’t replenish the balance, the bot continues to work, it closes profitable deals, which means that the commission is deducted – the account balance becomes negative.
Before opening a new deal, the bot checks the balance in the personal account. If the balance is zero or negative, the bot will not be able to start a new deal – it will stop with an error. However, all bots active at this moment continue to work and their deals will be completed.
Okay, but how to replenish the balance?
You can top up your balance on our platform for any amount by transfer from an external wallet (for example, from an exchange). Payments are accepted in different currencies and networks, and the list of available options is growing. All deposits are automatically transferred to USDT for convenient balance display.
When you want to send funds to the balance in the service, remember – these funds are not for trading, but only for paying commissions and subscriptions! The main amount of funds should be on the exchange!
Also remember, when making a deposit, that in cryptocurrency payments, the same coin and the chain must be selected at both ends of the transaction. Otherwise, the funds will go nowhere and will be lost. We recommend that you always check the addresses after copying and pasting.
What is the result? In Veles we earn together. As better Veles bots work, as higher the profit for you and for us.
