Complete Guide to Cryptocurrency Exchange Fee Tier System

When choosing a cryptocurrency exchange, transaction fees are undoubtedly a key factor influencing trading costs. Major exchanges typically offer tiered fee discount mechanisms to encourage high-frequency traders and large-volume investors. Through this tiered design, traders of different sizes can find a cost structure that suits them. This article details how the fee system of a top-tier exchange operates and how users can reduce trading costs by increasing their activity levels.

How Fees Vary with User Level

Exchange fee policies are usually divided into multiple membership levels, each corresponding to different fee discounts. A user’s level is determined by their asset holdings or trading volume over the past 30 days, and the system automatically assigns the highest qualifying level.

For example, one exchange has 8 tiers from VIP 0 to Supreme VIP. The taker fee (active trader) for spot trading can be reduced from a base of 0.1% to 0.045%, while the maker fee (order placer) can be lowered from 0.1% to 0.03%. Perpetual and delivery contract fees are even lower, with taker rates ranging from 0.055% to 0.03%, and maker rates from 0.02% to 0%. For options trading, higher-tier members can enjoy taker fees of 0.015% and maker fees of 0.005%.

Note that the actual applicable fee rates may vary depending on the user’s region. After completing identity verification, users can view the exact fee standards on their account’s fee page. Sub-accounts will automatically inherit the main account’s fee structure, and order fees are based on the VIP level at the time of order placement. VIP levels are updated daily at 7:00 UTC.

VIP Level Promotion Conditions and Criteria

Users qualify for benefits at each level if they meet any of the following conditions. The system compares asset balances and trading volumes to automatically assign the most advantageous level.

Specific thresholds for each level are as follows:

For example, if a user’s assets reach $1,500,000, they qualify for VIP 1, but if their 30-day spot trading volume hits $10,000,000, they meet VIP 3 criteria. The user will then be promoted to VIP 3 and enjoy all the benefits and fee discounts associated with that level.

Fee Rates for Different Trading Products

Fees vary across different trading products. The table below summarizes the fee levels for each VIP tier across various products:

Basic Fees for Spot and Derivatives

Fiat Trading Pair Fee Rules

Fiat-to-cryptocurrency trading pairs (e.g., USDT/EUR) have an independent fee system. Fees are determined by the higher of the user’s trading volume or VIP level.

For example, a VIP 3 user with a 30-day spot trading volume of $50,000 still enjoys VIP 3 standard rates: taker fee 0.0750%, maker fee 0.0625%.

Special Trading Pairs and Additional Fee Rules

When calculating VIP levels, the system includes various trading activities. Margin borrowing costs, Launchpool staking yields, and crypto loan interests are factored into the average net borrowing amount. Derivatives trading volume includes inverse perpetuals, USDT perpetuals, USDC perpetuals, futures, and options total trading volume.

Note that traditional finance (TradFi) trading volume and assets are also included. Forex and CFD trading volumes are converted with a 10x coefficient. For example, if a user’s forex/CFD trading volume is $10 million, it counts as only $1 million toward derivatives volume. To meet a $10 million derivatives volume requirement, the user must complete $100 million in forex/CFD trading.

Funds received or paid as funding fees are not included in trading volume calculations. Main and sub-accounts’ volumes are combined. Zero-fee spot trading also does not count toward spot volume.

Important Notes on Fee Calculation

Key principles to note:

Asset balance includes total wallet balances across all accounts and assets staked in liquidity mining products.

Average net borrowing covers all borrowings from margin trading, Launchpool, and crypto loans over the past 30 days.

Trading volume inclusion encompasses all trades of main and sub-accounts, excluding zero-fee trades and funding payments.

Member benefits update occurs daily at 7:00 UTC to ensure users enjoy the latest level benefits.

Holding platform tokens (e.g., MNT) may grant additional fee discount multipliers. For details, refer to the relevant program documentation.

Fee Policy Disclaimer

The exchange reserves the right to adjust fee rates at any time. Changes will be announced on the official website or via email and take effect immediately. Users should regularly review fee updates. If users do not agree with adjustments, they should cease using their accounts. Continued use indicates acceptance of all fee changes.

Users can learn more about specific fee calculations for spot, margin, perpetual, futures, and options trading, as well as the difference between Maker and Taker orders, through the official help center. After completing identity verification, log into your account to see your exact fee standards and stay informed of the latest exchange fee rates.