What are the transaction fees on BigONE exchange?

BigONE, a competitive cryptocurrency exchange, provides a comprehensive fee structure to cater to different trading needs, with fees varying based on factors like trading pair, VIP status, and market conditions.

Nov 26, 2024 at 11:57 am

Transaction Fees on BigONE Exchange: A Comprehensive Guide

BigONE, a leading global cryptocurrency exchange, offers a competitive fee structure that varies depending on the type of transaction and trading pair. This article provides a detailed examination of the transaction fees on BigONE exchange, answering essential questions and empowering users to make informed trading decisions.

1. Spot Trading Fees

• Maker Fees: 0.10% for market orders and 0.05% for limit orders
• Taker Fees: 0.20% for market orders

2. Futures Trading Fees

• Quarter Quarterly Futures Fees:

  • Maker Fees: 0.02%
  • Taker Fees: 0.05%

• Inverse Perpetual Futures Fees:

  • Maker Fees: -0.02% (rebate)
  • Taker Fees: 0.06%

3. Margin Trading Fees

• Borrowing Fees:

  • 0.01% daily (1% annualized) for small orders
  • 0.005% daily (0.2% annualized) for large orders
• Repayment Fees: Free of charge

4. Over-the-Counter (OTC) Trading Fees

• Fixed Maker Fees: 0.1%
• Variable Taker Fees: Negotiable based on order size and market conditions

5. Crypto Withdrawal Fees

• Withdrawal Fees: Vary based on the specific cryptocurrency being withdrawn
• Minimum Withdrawal Limits: Also vary depending on the cryptocurrency

Factors Influencing Transaction Fees on BigONE

• Trading Pair: Fees differ for different trading pairs, influenced by liquidity and market conditions.
• VIP Membership Tier: BigONE operates a VIP membership program that offers varying levels of fee discounts based on trading volume and account status.
• Market Conditions: Market volatility can impact the fees charged on BigONE, with higher fees during periods of high trading activity.
• Payment Method: Using BigONE's native token, ONE, for payments can result in lower fees.

How to Calculate Transaction Fees on BigONE

To calculate the transaction fees for a specific trade on BigONE, follow these steps:

1. Determine the trading pair and transaction type (spot, futures, margin, OTC).
2. Refer to the fee schedule provided in the relevant section above.
3. Calculate the fee based on the trading volume and the applicable fee rate.

Example:

For a spot trade involving 100 BTC/USDT with a maker order, the transaction fee would be:

100 BTC x 0.05% = 0.05 BTC (or 0.05% of the trading volume)

Additional Considerations:

• BigONE may occasionally offer promotional fees and discounts for certain trading pairs or during specific events.
• It is recommended to check the BigONE website or consult with customer support for the most up-to-date fee information.
• Accurate estimates of transaction fees are crucial for budgeting and optimizing trading strategies.