Crypto trading fees on Moomoo

Can a Moomoo staff help to clarify the trading fees of crypto on Moomoo?

Crypto

• Commission: 0.49% * Transaction Amount(0 commission until 30/09/2024^)

• Platform Fee: 0.5% * Transaction Amount, minimum fee S$0.99 or US$0.99 per order

So if a trader transact an amount of 10,000 dollar on Bitcoin, the buy trade will incur a fees of 99 dollars? The fees incur for trading crypto on Moomoo are so high or is my calculation wrong as I misunderstand the Crypto trading fees in some way?