Trading Fees
Transaction fees are the expenses incurred when your order on a trading platform gets processed. Different transactions might have distinct pricing schemes, and these can change without much warning. Typically, fees associated with cryptocurrency trading encompass various categories.
Most revenue for exchanges comes from the trading volumes. Nonetheless, these charges are not limited to trading alone; they also cover deposits, withdrawals, financing charges, costs related to margins and leverage, and even differences in buying and selling price. Typically, these charges range between 0.1% to 1% per transaction. However, these percentages can differ across platforms. In the end, the fee structure is determined by the nature of the trading agreement and the platform’s guidelines.
Are you a Maker or Taker?
Trading platforms pair purchase and sale requests through order books. The ‘maker’ and ‘taker’ classifications are employed to ascertain the applicable trading charges. Depending on whether they’re contributing or deducting from the order book, makers and takers face varying fee structures.-
The “maker” label denotes those who infuse liquidity into the market. Typically, a maker enhances the depth of an order book, frequently by initiating limit orders that don’t immediately find a match. This allows other traders the chance to trade against these orders. Such market contributors often enjoy reduced fees, and occasionally, they even receive incentives. On the other hand, “takers” drain liquidity from the market. By initiating instant market orders, they swiftly extract liquidity from order books. If your order is executed without delay, you’re acting as a taker and thus, incur a fee.
|
Top Currencies
|
Symbol
|
Taker(%)
|
Maker(%)
|
|---|---|---|---|
|
Bitcoin
|
BTC
|
0.3
|
0.25
|
|
Ethereum
|
ETH
|
0.3
|
0.25
|
|
Binance Coin
|
BNB
|
0.3
|
0.25
|
|
XRP
|
XRP
|
0.3
|
0.25
|
|
USD Coin
|
USDC
|
0.3
|
0.25
|
|
Dogecoin
|
DOGE
|
0.3
|
0.25
|
|
Cardano
|
ADA
|
0.3
|
0.25
|
|
Solana
|
SOL
|
0.3
|
0.25
|
|
Tron
|
TRX
|
0.3
|
0.25
|
Lets understand with an example:
- Price of BTC = $30,000.
- Maker Fee Rate = 0.25%.
- Taker Fee Rate = 0.3%.
Trader A buys 0.5 BTC using a Market Order with USDT.
Taker’s Fee for Trader A = 0.5 BTC x 0.3% = 0.0015 BTC.
Trader B buys 0.5 BTC using a Limit Order with USDT.
Maker’s Fee for Trader B = 0.5 BTC x 0.25% = 0.00125 BTC
After the orders are executed:
- Trader A buys 0.5 BTC using a Market Order and pays a taker’s fee of 0.0015 BTC. So, Trader A will receive 0.4985 BTC (0.5 – 0.0015).
- Trader B buys 0.5 BTC using a Limit Order and incurs a maker’s fee of 0.00125 BTC. Thus, Trader B will receive 0.49875 USDT (0.5 – 0.00125).
Hence a taker has to pay 0.001 BTC more than a Maker.
Processing Fee*
For Coins
|
Incoming Transaction
|
0.4%
|
< $1 min
|
|
0.35%
|
$ 1 - 3 min
|
|
|
0.3%
|
$ 3 - 5 min
|
|
|
0.25
|
> $ 5 min
|
|
|
Outgoing Transaction
|
Free of Cost
|
|
|
Crypto Settlement
|
Immediate
|
|
|
Fiat Settlement
|
T+1
|
|
For Stable Coins & Tokens
|
Incoming Transaction
|
0.75%
|
< $1 min
|
|
0.7%
|
$ 1 - 3 min
|
|
|
0.65%
|
$ 3 - 5 min
|
|
|
0.6
|
> $ 5 min
|
|
|
Outgoing Transaction
|
Free of Cost
|
|
|
Crypto Settlement
|
Immediate
|
|
|
Fiat Settlement
|
T+1
|
|
|
Bank Deposit***
|
Incoming Transactions in USD, EUR
|
Free of Charge
|
|
|
Bank Withdrawals
|
Swift USD
|
$ 50,000 Minimum widthdrawal amount
|
0,5%
|
|
Swift EUR
|
€ 50,000 Minimum widthdrawal amount
|
0,5% (Min 20 €)
|
|
|
Swift GBP
|
£ 50,000 Minimum widthdrawal amount
|
0,5% (Min 20 £)
|
|
|
SEPA EUR
|
€ 50,000 Minimum widthdrawal amount
|
0,5% (Min 10 €)
|
|
*Client accounts are functional for deposits and withdrawals with conversion, meaning that the Sender can process BTC and it will be settled in USDT, which can be subsequently sent in the corresponding currency.
** Active Commission Ladder makes our services even more cost effective. The higher the processing volume*, the lesser the commission is applied according to the ladder. Active ladder is comprised of tiers which are calculated by volume* per calendar month. For example the initial default commission is set at 0.4% on all the incoming coin deposits according to the first tier. Once the deposits exceed $1 million, the processing commission decreases to 0.35% and so on, as per the ladder. In the beginning of the next month the default commission is set again and the volume needs to be calculated from the beginning.
The volume itself is comprised of all the deposits and is calculated in USD at the moment of each transaction confirmation by the blockchain.
*** Fiat deposits are only accepted through corporate bank wire.
