Trading basics
Fee Structure And Fee Calculations on Bitget
Boshlovchi
2022-06-30 | 5m
Bitget's Fee Structure
Deposit Fees
There are no fees for crypto deposits on Bitget.
Trading Fees
Please always refer to
Bitget's Fee Schedule Page for the latest fees for Spot and
Futures trading on Bitget. As of now:
For
Spot trading, each trade will carry a standard trading fee of 0.1% for both Makers and Takers.
Note: Spot trading transaction fee will be reduced by 20% when paying with BGB. If you hold BGB in your account, your spot trading fees will be automatically subtracted from your BGB balance. When the BGB balance is insufficient to support the transaction fee, the transaction fee will be paid in full according to the original method.
You can turn this on by heading to '
Dashboard' and switching on 'Use BGB to offset fees' function.
For
Futures trading, each trade will carry a transaction fee of 0.02% for Makers and 0.06% for Takers. To find out how our futures trading fee is calculated, please refer to our next section, 'Bitget's Futures Fee Calculations.'
Withdrawal Fees
Bitget's withdrawal fees are automatically adjusted based on the status of the market.
For our latest withdrawal fees, please refer to our
Fee Schedule Page.
Bitget's Futures Fee Calculations
Futures trading fees futures fee on Bitget is calculated based on your trading pair and whether you are a Maker or a Taker.
What are Makers and Takers?
Put simply:
-
Makers provide liquidity by creating a market for a token on the exchange.
-
Takers remove liquidity by fulfilling open orders.
You are a Maker if you create buying or selling orders that aren't carried out immediately and you wait for your orders to be filled (e.g., “
sell BTC when the price hits $100k”). Hence, by playing the Maker role, you create liquidity for the exchange - meaning it's easier for others to buy or sell assets when the condition is met. For this reason, the exchange will reward makers with lower transaction fees.
On the other hand, you are a Taker if you fill someone else's orders. You make use of the liquidity (created by the Makers) to easily buy or sell assets instantly. By playing the Taker role and using liquidity, you would often have to pay a higher transaction fee.
Futures transaction fee formula on Bitget
Transaction fee = Order value x Fee rate
Order value = (Number of contracts x Price per contract)
For example:
Trader A establishes a long position for 1 btcusdT futures contract at market price. Trader B closes a long position for 1 BTCUSDT futures contract with a limit order at 40,000 USDT. When these orders are both executed at 40,000 USDT:
Taker fee of Trader A = 1 × 40,000 × 0.06% = 24 USDT
Maker fee of Trader B = 1 × 40,000 × 0.02% = 8 USDT
Become a Bitgetter today, and embark on a wonderful journey of social trading!
Bo'lishish
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