Trading Fees
Cryptocurrency trading involves two types of orders: maker (limit) orders and taker (market) orders. Each has its own fee structure, which varies slightly depending on the asset traded.
Fee Breakdown by Cryptocurrency
| Asset | Taker Fee | Maker Fee |
|--------|-----------|-----------|
| BTC | 0.20% | 0.20% |
| LTC | 0.20% | 0.20% |
| BCC | 0.20% | 0.20% |
| ETH | 0.20% | 0.20% |
| ETC | 0.20% | 0.20% |
Key Definitions
- A maker order is a limit order placed on the order book that doesn’t immediately match with an existing order. It adds liquidity to the market.
- If another trader’s order matches yours, you pay the maker fee.
- A taker order is a market or limit order that executes immediately against an existing order.
- If your order actively matches another trader’s, you pay the taker fee.
Fee Calculation Examples
Selling BTC for USD:
- Sell 1 BTC at $6,300 → Fee: $12.60 → Net proceeds: $6,287.40.
Buying BTC with USD:
- Buy 1 BTC at $6,300 → Fee: 0.002 BTC → Net BTC received: 0.998 BTC.
Withdrawal Fees
Withdrawal costs depend on your VIP tier, determined by account activity and loyalty points.
VIP Tier-Based Fees
| VIP Level | Points Required | Withdrawal Fee (%) |
|-----------|-----------------|---------------------|
| VIP0 | 0 | 0.50% |
| VIP1 | 10,000 | 0.45% |
| VIP2 | 100,000 | 0.40% |
| VIP3 | 300,000 | 0.38% |
| VIP4 | 500,000 | 0.35% |
| VIP5 | 1,000,000 | 0.30% |
| VIP6 | Premium Service | 0.30% |
👉 How to check your VIP status
USD Deposit & Withdrawal Fees
Different channels apply varying fees based on account verification status.
Fee Comparison
| Method | Unverified Users | Verified Users |
|-----------------|------------------|----------------|
| Deposit Fee | 1.5% (OKPAY) | 1.0% (Wire) |
| Withdrawal Fee | 0.5% (OKPAY) | 1.0% (Wire, max $150K) |
Note:
- International wire transfers charge a minimum fee of $33 per transaction.
- OKPAY offers lower fees but may have processing delays.
BTC Trading Fee Discounts
High-volume traders enjoy reduced fees based on their 30-day trading volume.
Volume-Based Discounts
| 30-Day Volume (BTC) | Taker Fee | Maker Fee |
|----------------------|-----------|-----------|
| 0–50 | 0.20% | 0.20% |
| 50–200 | TBD | TBD |
| 200–600 | TBD | TBD |
| 600–1,500 | TBD | TBD |
| 1,500–5,000 | TBD | TBD |
| 5,000–10,000 | TBD | TBD |
FAQs
1. What’s the difference between maker and taker fees?
- Maker fees apply when your order adds liquidity (limit orders).
- Taker fees apply when your order executes immediately (market orders).
2. How can I reduce my trading fees?
- Trade in higher volumes to qualify for discounts.
- Use limit orders to pay lower maker fees.
3. Are withdrawal fees fixed or variable?
- Fees decrease as your VIP tier increases.
4. What’s the cheapest way to deposit USD?
- Verified users benefit from 1% wire fees, while OKPAY charges 1.5%.
5. Do I pay fees in crypto or fiat?
- Fees are deducted in the asset received (BTC for crypto trades, USD for fiat sales).
6. How do I check my VIP level?
- Visit your account dashboard for loyalty points and tier status.
This guide ensures you minimize costs while maximizing trading efficiency. For further assistance, explore our platform’s resources. Happy trading! 🚀