Qmall Exchange Fee Calculator
Many exchanges claim "zero fees," but Qmall Exchange has hidden charges that can cost you up to 33% of your sale value plus 50% higher blockchain fees. Calculate how much you'd actually lose on Qmall versus a transparent exchange.
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Is Qmall Exchange a Safe Place to Trade Crypto?
If you’re looking at Qmall Exchange because it claims zero trading fees and says it’s regulated by the EU or Ukraine, you’re not alone. But here’s the problem: what sounds like a great deal might actually be a red flag wrapped in marketing buzzwords.
Qmall Exchange, also known as QMALL, says it’s the first crypto platform fully regulated by the Ukrainian government. It also claims to be licensed in Lithuania under UAB QMALL as a virtual currency exchange and wallet operator. Sounds solid, right? But if you dig deeper, things get messy fast.
FinanceMagnates reported in October 2023 that Qmall got its EU license. But FxVerify, a platform that checks crypto exchange legitimacy, said in September 2023 that Qmall “does not appear to be regulated by any government authority at this time.” That’s not a small disagreement - it’s a full contradiction. And when two reputable sources can’t agree on whether a platform is legal, you should pause before depositing any money.
What Does the Traffic Data Tell You?
Real popularity shows up in numbers. Kraken, Binance, or Coinbase process billions in daily trades and millions of website visits. Qmall Exchange? According to FxVerify’s September 2023 data, it gets just 6,738 visits per month. Almost all of those - 99% - come from organic search. That’s not a sign of a thriving platform. It’s a sign that people are stumbling on it, not choosing it.
Even worse, 59% of visitors leave after looking at just one page. That’s a high bounce rate. It means users land on the site, see something off, and leave. Maybe it’s the unclear language. Maybe it’s the lack of transparency. Or maybe they read a review like this one: “After selling coin they took 33% of complete value. Then they charged 50% more on chain transaction than any other exchange.” That’s not a glitch. That’s a pattern.
The Zero-Fee Trap
Qmall says it has 0.00% maker and taker fees. That’s tempting. Most exchanges charge 0.2% to 0.4%. But in crypto, there’s no such thing as free lunch. If the trading fee is zero, where’s the money coming from?
One user reported losing 33% of their sale amount. Another mentioned hidden chain fees that were 50% higher than other platforms. That’s not a fee structure - it’s a bait-and-switch. If you’re selling Bitcoin or Ethereum and suddenly 1/3 of your payout vanishes, you’re not saving money. You’re getting ripped off.
Top exchanges are transparent. They list all fees upfront: deposit, withdrawal, trading, network charges. Qmall doesn’t. And when fees are hidden, the risk goes up. Fast.
App Ratings vs. Reality
The Qmall mobile app has a 4.4-star rating on Google Play with over 800 reviews. That looks good. But here’s the catch: app ratings don’t tell you if your funds are safe. They tell you if the app loads quickly or if the UI is clean.
Traders Union gave Qmall an overall score of 1.6 out of 5. Their report says user complaints far outweigh the praise. Problems listed include poor customer service, unstable domain access, and slow withdrawals. One review says they couldn’t reach support for three days after a failed withdrawal. That’s not a minor annoyance - it’s a dealbreaker.
Think about it: you can have a beautiful app that works perfectly, but if your coins disappear when you try to cash out, does it matter how fast the buttons respond?
Regulation: EU License or Wishful Thinking?
Qmall claims it’s regulated in Lithuania. That’s important because Lithuania is part of the EU. If true, it means they follow strict AML and KYC rules. But here’s the issue: you can’t find Qmall listed on Lithuania’s official Financial Crime Investigation Service registry. The EU doesn’t issue crypto licenses - member states do. So if Qmall is licensed in Lithuania, it should be publicly searchable.
It’s not.
And while Qmall says it’s Ukraine-regulated, Ukraine doesn’t have a formal crypto licensing system yet. The government has been working on one, but as of late 2024, no exchange has been officially approved under a national framework. So saying you’re “Ukraine-regulated” is misleading at best.
Compare that to Kraken, which is licensed in multiple U.S. states and the EU, and openly publishes its regulatory documents. Qmall doesn’t. That’s not a detail. That’s a warning.
The Metaverse Promise
Qmall talks about building a Metaverse where you can use QMALL tokens to buy virtual drinks, movies, and concert tickets. Sounds cool. But this isn’t a product feature - it’s a distraction.
Real crypto exchanges focus on security, liquidity, and clear rules. A Metaverse project is a long-term vision. And if the core exchange can’t be trusted with your Bitcoin, why would you trust it with your virtual cinema tickets?
Plus, the QMALL token itself isn’t listed on any major platform like CoinGecko or CoinMarketCap. No real trading volume. No price history. Just a token with no real use outside its own ecosystem - and even there, no proof it works.
Why Qmall Isn’t on CoinGecko’s Top 100
CoinGecko ranks exchanges based on trust, volume, and transparency. To be included, you need verifiable trading data, regulatory proof, and clear security practices. Qmall isn’t on the list. Not even close.
That’s not an accident. CoinGecko doesn’t blacklist platforms. They simply don’t include those that can’t prove they’re legitimate. Qmall doesn’t publish trading volume. It doesn’t show audit reports. It doesn’t link to its regulatory filings. That’s why it’s invisible to serious traders.
Who Should Avoid Qmall Exchange?
If you’re new to crypto and looking for an easy start, skip Qmall. The risks are too high and the rewards too unclear.
If you’re from Ukraine and want a local platform, look at other options like Kuna or Nexo - both have clearer compliance records and better reputations.
If you’re chasing zero fees, remember: the cheapest exchange is the one that doesn’t steal your money. Qmall’s hidden costs make it one of the most expensive options in disguise.
What You Should Do Instead
Stick with exchanges that are:
- Clearly regulated and listed on official government registries
- On CoinGecko’s top 100 with verifiable trading volume
- Transparent about all fees - no surprises
- Have strong user reviews across multiple platforms, not just app stores
Examples include Kraken, Binance (where available), Coinbase, and Bitstamp. They don’t promise Metaverses. They just keep your crypto safe and let you trade without hidden charges.
Qmall Exchange might feel like a shortcut. But in crypto, shortcuts often lead to dead ends - and lost money.
Is Qmall Exchange regulated by the EU?
No credible evidence confirms Qmall Exchange holds an EU license. While the platform claims registration in Lithuania, it does not appear in the official registry of Lithuania’s Financial Crime Investigation Service. Independent verification sources like FxVerify state the exchange does not appear to be regulated by any government authority. Always check official regulatory databases before trusting any crypto platform.
Are there hidden fees on Qmall Exchange?
Yes, multiple users report hidden fees. Although Qmall claims 0% trading fees, users have described losing 33% of their sale proceeds and being charged 50% more on blockchain withdrawal fees than on other exchanges. These aren’t listed in the terms - they appear only after you try to cash out. This is a major red flag.
Why is Qmall not on CoinGecko’s top exchanges?
CoinGecko requires verified trading volume, regulatory compliance, and transparency to rank exchanges. Qmall Exchange doesn’t publish trading data, lacks verifiable licenses, and has no public audit reports. Without these, it doesn’t meet the minimum criteria for inclusion - which is why it’s absent from the top 100 list.
Can I trust the QMALL token?
No. The QMALL token isn’t listed on any major exchange or tracked by CoinGecko or CoinMarketCap. There’s no verifiable trading volume or price history. Its only use case is within Qmall’s unproven Metaverse project, which doesn’t yet exist as a functional platform. Investing in it carries high risk with no clear return path.
Is the Qmall mobile app safe to use?
The app has a 4.4-star rating on Google Play, but ratings reflect usability, not fund safety. Multiple users report withdrawal delays, unresponsive support, and unexpected deductions from trades. A high app rating doesn’t mean your crypto is secure. Always test small withdrawals first and monitor your account closely.
What should I do if I already deposited money on Qmall Exchange?
Withdraw your funds immediately, even if it means paying higher fees elsewhere. Do not wait for the platform to improve or for new features to launch. Qmall’s regulatory status is unverified, its trading volume is invisible, and user complaints are widespread. The longer you keep funds there, the higher the risk of losing access. Move your assets to a regulated, transparent exchange as soon as possible.
Comments
Whitney Fleras
I appreciate how thorough this breakdown is. I almost signed up for Qmall because of the 'zero fees' claim, but something felt off. This post saved me from a potential disaster. Always check the official regulator databases - no exceptions.
November 10, 2025 AT 05:45
Colin Byrne
It is, of course, entirely predictable that a platform peddling a metaverse fantasy while concealing fee structures would be unregulated. The very architecture of such a venture betrays its fundamental dishonesty. One cannot simultaneously claim legitimacy through regulatory veneer and obscure financial mechanics - these are mutually exclusive paradigms. The absence of transparency is not an oversight; it is the business model.
November 11, 2025 AT 20:04
Benjamin Jackson
Honestly? I think a lot of us just want to believe there’s an easy win in crypto. Zero fees? Sounds like magic. But magic doesn’t pay your bills. This post is a good reminder that if something feels too good to be true, it’s probably a trap. Take the slow path. The safe ones last longer.
November 13, 2025 AT 13:37
Alexis Rivera
The pattern here is classic. Platforms like Qmall exploit the informational asymmetry between novice traders and market complexity. They weaponize optimism - zero fees, metaverse dreams, vague ‘EU licensing’ - to mask operational insecurity. The real tragedy isn’t the scam; it’s how normalized these traps have become.
November 14, 2025 AT 20:27
Eric von Stackelberg
This is not an isolated case. I’ve documented over 47 similar platforms since 2021 that mimic regulatory branding to evade scrutiny. Qmall’s Lithuanian claim is a ghost license - fabricated DNS records, shell company registrations, and manipulated screenshots are standard operating procedure. The EU’s regulatory gap is being actively weaponized. This is a coordinated exploitation campaign.
November 16, 2025 AT 17:03
Emily Unter King
The 33% deduction on sale proceeds is a structural red flag, not an anomaly. It indicates a liquidity manipulation scheme where the platform acts as a counterparty to trades, effectively functioning as a market maker with asymmetric pricing. Combined with non-transparent on-chain fees, this constitutes a violation of fiduciary duty in any jurisdiction that recognizes crypto as a financial asset.
November 18, 2025 AT 11:55
John Doe
I swear to god, I saw a post on TikTok saying Qmall was the next Binance. 🤡 I lost $8k in 3 days. They disappeared after I asked for my withdrawal. Now my account says ‘under review’ forever. I’m not mad - I’m just disappointed in humanity. 😔
November 19, 2025 AT 08:30
Ryan Inouye
Ukraine? Please. That country can’t even run its power grid without blackouts. How is it regulating crypto? And don’t even get me started on Lithuania - they’re a tax haven with a fancy passport. This is just another foreign scam targeting Americans who think ‘EU’ means ‘safe’.
November 20, 2025 AT 00:58
Rob Ashton
If you're new to crypto, please use this as a learning moment. The real skill isn't finding the highest yield - it's recognizing when something is designed to take your money. Qmall isn't a platform. It's a funnel. And the bottom drops out faster than you think. Stick with the ones that publish audits, not slogans.
November 21, 2025 AT 05:58
Cydney Proctor
Oh please. You're telling me we're supposed to be shocked that a platform with a 4.4-star app rating and zero verifiable license is sketchy? I've seen this script three times this year. The only surprise is that people still fall for it. The app is polished. The terms are buried. The money? Gone.
November 23, 2025 AT 02:03
Cierra Ivery
Wait - so they claim to be regulated by Ukraine... but Ukraine doesn't even have a formal system yet? And they're claiming an EU license that doesn't exist? That's not incompetence - that's a deliberate, multi-layered deception. I'm not even surprised anymore. People are so desperate for ‘easy money’ they’ll ignore logic, facts, and common sense. Sad.
November 24, 2025 AT 22:17
Veeramani maran
bro i tried qmall last month, i sent 0.5 btc, they said 3 days for withdraw, now its 17 days and support is ghosting me. i think they are just a scam. i lost my money but i learn lesson. dont trust zero fee, always check regulator site first. i am from india, i check all exchange before deposit. good post!
November 25, 2025 AT 22:37
Kevin Mann
I can't believe people still fall for this. I watched a guy on YouTube lose $12k to this exact same scam last week. He was crying in the comments saying ‘I just wanted to get rich quick.’ I told him ‘Crypto isn’t a lottery. It’s a battlefield.’ And now? He’s trying to start a GoFundMe. I swear, the delusion is real. 😭 We need more posts like this. Please, just… please.
November 27, 2025 AT 13:17
Kathy Ruff
This is exactly the kind of deep-dive analysis the crypto space needs more of. Too many people rely on app store ratings or influencer hype. The truth is buried in regulatory filings, traffic analytics, and user complaints - none of which are glamorous. Thank you for taking the time to lay it all out. This could save someone from losing everything.
November 27, 2025 AT 23:28
Robin Hilton
Honestly? I don't even care if Qmall is legit or not. The fact that anyone would even consider putting money into a platform that doesn't publish trading volume or audit reports says more about the users than the platform. If you can't be bothered to do basic research, you deserve to lose. But still - thanks for the post. Someone needed to say it.
November 29, 2025 AT 07:36