Fee Structure And Fee Calculations on Bitget
This article will delve into the fee structure and fee calculations that we applied for Spot and Futures tradings on Bitget platform.
Bitget’s Fee Structure
There are no fees for crypto deposits on Bitget.
Please always refer to the 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 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 on this function by heading to ‘Asset’, and hitting on the ‘BGB fee discount’ check box, under ‘Spot account’ tab.
For Futures trading, each trade will carry a transaction fee of 0.02% for Makers and 0.06% for Takers. To find out how the futures fee is calculated, please refer to the next section.
Bitget’s withdrawal fees are automatically adjusted based on the status of the market.
For our latest withdrawal fees, please refer to the 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?
- 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, you wait for 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 when the condition meets. 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 (that created by the Makers) to easily buy or sell assets instantly. By playing the Taker role and using the 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)
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!
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