What are Trading Fees?
A trading fee is a fee charged by an exchange to buyers and sellers when an order is executed on the exchange.
When do fees occur?
• It only occurs when a user's buy or sell order is filled.
• No fees are charged for unfilled orders.
⚠️ Fees do not apply to open orders.
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Maker vs Taker
Exchanges have two different fee structures depending on how the order is placed.
• For limit orders: Maker fees apply
• For market orders: Taker fees apply
| Category | Description |
| Maker | Place an order on the order book and execute when the specified price is reached |
| Taker | Instant execution of orders on the order book |
Trading Fee Example
In a BTCUSDT trade, you enter a long position at 99,000 USDT for 10,000 USDT worth of BTC,
• If the taker fee set by the exchange is 0.04%→ the fee is 4 USDT
What are VIP fees?
This is a discounted fee offered by an exchange to users with high trading volumes.
There are different VIP levels based on 30-day trading volume or 30-day average equity, and the higher the level, the lower the trading fees.
For more information, please visit our VIP fees page.