What are the fees for buying and selling cryptocurrencies?

Trading platforms usually charge a fee of a certain proportion of the transaction amount, such as 0.1% - 0.5% per transaction.

Feb 25, 2025 at 05:18 pm

Transaction fee

• Platform charging method: Most cryptocurrency trading platforms charge handling fees at a certain proportion of the transaction amount. For example, some platforms charge 0.1% to 0.5% per transaction. If you trade cryptocurrency of 10,000 yuan, you will be charged at 0.2%, and the handling fee will be 20 yuan.

• Influencing factors: transaction pairs, transaction scale and platform policies will all affect the handling fee. Generally, the handling fees of popular counterparts are relatively low, and large transactions can sometimes enjoy handling fees and discounts.

Withdrawal fee

• Fiat currency withdrawal: When you convert cryptocurrency into fiat currency and withdraw cash to a bank account, a withdrawal fee will be incurred. The charging standards of different platforms are different. Some are charged at a fixed amount, such as 5-10 yuan per withdrawal; some are charged at a proportion of the withdrawal amount, such as 0.1%-0.3%.

• Cryptocurrency withdrawal: To withdraw cryptocurrencies from trading platforms to your own wallet, you also need to pay a handling fee. This fee is usually determined by the blockchain network, and the withdrawal fees of different cryptocurrencies vary greatly. For example, Bitcoin withdrawal fees are higher, while some small currencies may be relatively low.

Recharge fee

• Fiat currency recharge: Use fiat currency to recharge to the trading platform, and some platforms may charge handling fees. For example, through credit card recharge, some platforms will charge a handling fee of 1% to 3%; when using bank transfer recharge, some platforms will charge a handling fee of a fixed amount.

• Cryptocurrency recharge: Recharge the cryptocurrency in your wallet to the trading platform generally does not require a handling fee, but a few platforms may have slight handling fees. At the same time, pay attention to the accuracy of the recharge address, otherwise it may lead to asset losses.

Spread Fee

• Meaning Explanation: Spread refers to the spread between the bid price and the sell price of a cryptocurrency. Trading platforms make profits by setting spreads. For example, the buying price of Bitcoin is 50,000 yuan and the selling price is 50,100 yuan, so the spread is 100 yuan.

• Influencing factors: Market liquidity, trading platform competition, etc. will affect the size of the spread. In markets with good liquidity and platforms with fierce competition, the spread is relatively small; in markets with poor liquidity or some niche platforms, the spread may be large.

Financing and securities lending fees

• Financing transactions: If you purchase cryptocurrency through financing on a trading platform, you need to pay financing interest. Financing interest is usually calculated on a daily basis, and the interest rate is determined based on the platform and market conditions, generally around 0.05% - 0.1%. For example, if you raise 10,000 yuan, the daily interest rate is 0.08%, and the daily interest rate is 8 yuan.

• Securities trading: Selling cryptocurrencies with margin trading requires a fee. The margin trading fee includes margin trading interest and margin trading fee. The margin trading interest is calculated on a daily basis, and the handling fee is charged at a certain proportion of the transaction amount. The standard of margin trading fee for different platforms also varies.

tax

• Different national policies: Different countries and regions have great differences in tax policies for cryptocurrency transactions. In the United States, cryptocurrency transactions are considered capital gains and are subject to different proportions of taxes based on holding time and gains; in some European countries, VAT may be imposed on cryptocurrency transactions.

• Notes on declaration: Investors need to understand the tax policies of their country or region and make tax declarations in accordance with regulations. If the declaration is not made on time or the declaration is false, you may face legal risks such as fines.

Miner's Fee

• Function: Miner fees are fees paid to blockchain network miners, which are used to incentivize miners to verify and package transactions. When you conduct cryptocurrency transactions, you need to pay a certain miner's fee to ensure that the transaction can be quickly confirmed and recorded on the blockchain.

• Fee fluctuations: Miner fees will fluctuate based on the congestion level of the blockchain network. When the network is congested, miners' fees will rise to attract miners to prioritize your transactions; when the network is idle, miners' fees will be reduced.

Platform membership fee

• Member rights: Some trading platforms have launched membership systems, and users can enjoy a series of privileges after paying membership fees, such as lower transaction fees, exclusive customer service services, priority participation in platform activities, etc. Membership fees are generally charged annually or monthly, and prices vary by platform.

• Is it worth it: For large investors who frequently trade, purchasing members may save a lot of handling fees; but for ordinary investors with small transactions, they need to comprehensively judge whether it is worth paying the membership fee based on their own transaction situation and platform member rights.