Point Card can deduct trading fees, loan fees of margin trading, and fees of the mining pool.
You can get Point Card in the following ways:
- Buy Point Package using USDT or other coins
- Receive Point Card transfer from others
With Point Card, a fee incurred when placing a trading order is discounted. The fee will be deducted by the points you have (1 pts = 1 USDT fee).
When you place a trading order and the fee is paid in USDT, the fee will deducted by the points from your Point Card.
For example, if you choose XRP/USDT pair, and you sell 20 XRP, you need to pay 0.10232 USDT fee. If you have a Point Card, your Point Card will automatically pay 0.10232 points（pts） as fee.
If your fee is paid in other coins, the fee will be estimated into USDT according to the exchange rate. Your Point Card will pay USDT for it.
For example, if the current market price is XRP/USDT=0.7227, you need to pay 0.02 XRP as fee when you buy 10 XRP with USDT. According to the current market price, you need to pay 0.014454 USDT (0.02 XRP * 0.7227 = 0.014454 USDT). If you have a Point Card, your Point Card will automatically pay the 0.014454 points (pts) fee.
When there is no sufficient balance in your Point Card, the Point Card will pay part of fee with points first, then the rest of fee will be paid by your account Balances.