How to Earn on Your Crypto Transactions
You can trade and earn cryptocurrencies on DOPAY when you conduct Maker trades.
A Maker is a trader who places an order that does not fill immediately, making it easier for others to trade at fair prices.
Be a Maker, Earn Crypto
Because you make the trades of others a lot easier, as a Maker on DOPAY, you earn an additional 0.3% of your crypto transaction in the cryptocurrency of your trade.
Here is an example of a trade in the bitcoin cryptocurrency:
1. Placing the Order
- You place sell order for 1 bitcoin at PHP 65,000.
- This order stays in the exchange until a buyer matches it.
- Because you make it easier for others to buy and sell at the price they want, you’re considered a Maker.
2. Trade Execution
- A buyer places an order and matches your sell order.
- The trade is executed at PHP 65,000.
- Trade value = 1 bitcoin × PHP 65,000 = PHP 65,000.
3. Maker Rebate Calculation
- Maker rebate rate: 0.3%.
- Rebate = PHP 65,000 × 0.003 = PHP 195.
4. Settlement
- You receive PHP 65,000 from the sale of your bitcoin.
- The exchange adds PHP 195 converted to bitcoin in your crypto wallet as a rebate.
The Trade & Earn Crypto Reward Program is a beta feature of the DOPAY app available to eligible users.
