- Bitcoin
$104,342.0110
-0.90% - Ethereum
$3,270.0510
1.79% - XRP
$3.0801
-0.86% - Tether USDt
$0.9999
0.00% - Solana
$235.9951
-2.00% - BNB
$679.0005
0.07% - USDC
$1.0001
0.01% - Dogecoin
$0.3279
-1.22% - Cardano
$0.9554
-0.72% - TRON
$0.2547
2.89% - Chainlink
$25.1140
2.41% - Avalanche
$34.4959
1.52% - Stellar
$0.4202
4.46% - Sui
$4.1676
0.72% - Toncoin
$4.8920
1.15% - Hedera
$0.3134
-0.57% - Shiba Inu
$0.0...01870
0.23% - Litecoin
$134.3738
3.71% - Polkadot
$6.2066
3.97% - Hyperliquid
$27.3872
5.21% - UNUS SED LEO
$9.7730
-0.01% - Bitcoin Cash
$432.0485
0.61% - Bitget Token
$6.8573
-1.74% - Uniswap
$11.8911
-1.53% - Ethena USDe
$1.0012
0.00% - NEAR Protocol
$4.6544
1.22% - Pepe
$0.0...01300
-0.39% - MANTRA
$5.5792
16.90% - Dai
$1.0002
0.01% - OFFICIAL TRUMP
$25.7771
-5.74%
How to calculate the CoinW contract transaction fee
To calculate the CoinW contract transaction fee, multiply the trade amount by the appropriate fee rate (0.02% for makers, 0.05% for takers), considering leverage, multiplier, and any applicable discounts or promotions.
Nov 07, 2024 at 08:32 pm
How to Calculate the CoinW Contract Transaction Fee
Step 1: Understand the Fee Structure
CoinW uses a maker-taker fee model for its contract trading services, where makers (those who place limit orders that add liquidity to the market) pay lower fees than takers (those who place market orders that immediately execute against existing orders). The fee structure for contract trading is as follows:
- Makers: Pay a fee of 0.02% on their executed orders.
- Takers: Pay a fee of 0.05% on their executed orders.
Step 2: Determine the Transaction Type
Identify whether your transaction is a maker or taker order. If you place a limit order that adds liquidity to the market and is not executed immediately, you are considered a maker. If you place a market order that is immediately executed against an existing order on the market, you are considered a taker.
Step 3: Calculate the Fee Amount
To calculate the transaction fee, multiply the trade amount by the appropriate fee rate based on your transaction type. For example:
- Maker: Fee = Trade Amount * 0.0002
- Taker: Fee = Trade Amount * 0.0005
Step 4: Consider Leverage and Multiplier
The transaction fee is based on the underlying contract value, which is determined by the trade amount multiplied by the leverage and multiplier. For example, if you trade 100 USDT with a leverage of 10x and a multiplier of 1, the underlying contract value would be 1000 USDT.
Step 5: Check for Discounts and Promotions
CoinW may offer discounts and promotions that reduce the transaction fee. Check the platform's official website or announcements for any applicable promotions. Discounts may vary based on factors such as trading volume, VIP level, and special events.
Step 6: Example Calculation
To illustrate the calculation process, let's consider the following example:
- You place a taker order to buy 100 USDT worth of BTC perpetual contract.
- The applicable transaction fee is 0.05% for takers.
The fee calculation is as follows:
Fee = Trade Amount * Taker Fee Rate
Fee = 100 USDT * 0.0005
Fee = 0.05 USDT
Additional Fee Considerations:
- Withdrawal Fees: CoinW charges a withdrawal fee for transferring funds off the platform. The withdrawal fee varies depending on the cryptocurrency and the withdrawal method.
- Network Fees: Ethereum-based contracts may incur additional network fees due to the gas required to execute transactions on the Ethereum blockchain.
- Funding Fees: Perpetual contracts have funding fees that are automatically settled. You can check the funding rate for each contract on the CoinW trading platform.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- FXGuys: A Rising Star With Real Utility
- 2025-01-31 19:20:54
- TON (TON) Weekly Open Interest Delta Peaks, Analysts Anticipate a Price Rebound
- 2025-01-31 19:20:54
- Bitcoin (BTC) Climbs Above $105,000 as FOMC Pauses Rate Cuts
- 2025-01-31 19:10:54
- DOT Price Prediction - Jan 31, 2025
- 2025-01-31 19:10:54
- A Massive Liquidity Shift Is Happening, With Big Holders of Hedera (HBAR) and Polkadot (DOT) Reportedly Directing Funds Into a Fresh PayFi Coin Called Remittix (RTX)
- 2025-01-31 19:10:54
- Litecoin (LTC) Keeps Standing Out in the Dense Crowd of Layer 1 Blockchains
- 2025-01-31 19:10:54
Related knowledge
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
See all articles