On Cryptocurrency, the world's leading cryptocurrency exchange, trading fees are a key piece of information that every investor needs to know. Whether you are new to cryptocurrencies or an experienced trader, knowing the fee structure will not only help you minimize your trading costs, but also prevent you from making large trades that may affect your profits. This article will introduce the trading fee structure of Cryptocurrency, and list out the fee structure of various currencies to help you plan your trading strategy.
Coin Trading Handling Fee Overview
There are two main types of trading fee structures: spot trading and futures trading. For spot trading, Coinsafe sets the commission rate according to your VIP level. The base rate is 0.10%, which means that every time you trade, both the buyer and seller need to pay 0.10%. Of course, if you use Coin's native currency, BNB, to pay the handling fee, you can enjoy an additional discount. For first time users who do not use BNB to pay for their transactions, the handling fee is usually 0.10%, which is a competitive rate in the market.
Handling Fee for Spot Trading
When trading spot with CoinArt, the handling fee varies according to whether you own BNBs or not and your VIP level. The handling fee for basic users is 0.10%, but if you hold a certain number of BNBs, you can also enjoy a discount. For those who use BNB to pay for trading, the handling fee will be reduced by 10%. CoinArt has different VIP levels for different trading volume, and the higher the VIP level, the bigger the discount on the handling fee you can enjoy. For example, for VIP1 level users, the handling fee for spot trading will be reduced to 0.09%, and for VIP2 level, it will be reduced to 0.08%.
Spot Trading Handling Charges
| VIP Level | Maker Handling Fee | Taker Handling Fee | Taker Handling Fee | Taker Handling Fee | VIP Level
|---|-----|- ----|
| Basic Users | 0.10% | 0.10% |
| VIP1 | 0.09% | 0.10% |
| VIP2 | 0.08% | 0.09% |
| VIP3 | 0.07% | 0.08% |
| VIP4 | 0.06% | 0.07% |
Coin Futures Trading Handling Fee
The handling fee for futures trading is different from that of spot trading, which is mainly divided into two types: perpetual contract and delivery contract. The basic handling fee for futures trading is also adjusted according to the VIP level. The basic handling fee is 0.02% (Maker) and 0.04% (Taker). If you hold BNB and choose to pay the futures trading fee in BNB, you can enjoy a discount, usually 10%. Similarly, the higher the VIP level, the greater the discount on the fee, allowing frequent traders to reduce trading costs more effectively.
Futures Trading Handling Charges
| VIP Level | Maker Handling Fee | Taker Handling Fee | Taker Handling Fee | Taker Handling Fee | VIP Level
|---|-----|- ----|
| Basic Users | 0.02% | 0.04% |
| VIP1 | 0.018% | 0.035% |
| VIP2 | 0.016% | 0.03% |
| VIP3 | 0.014% | 0.025% |
| VIP4 | 0.012% | 0.02% |
Renminbi Exchange Rebate Program
Coinsafe offers a rebate program, which is extra good news for active traders. If you have your own referral base, you can take advantage of Coin's affiliate program to earn commissions. The percentage of the rebate is based on the number of users you invite and their trading volume. Basically, as a promoter, you can earn a percentage of the trading fees and these rebates are calculated differently depending on the type of trade (spot, futures, etc.).
commission rate
| Rebate Types | Referral Ratio | Referral Volume |
|---|-----|- ----|
| Spot Trading | Up to 40% | Determined by Sponsor's Trading Volume |
| Futures Trading | Up to 10% | Based on Sponsor Level |
Handling Fee for Trading in Other Currencies
In addition to mainstream currencies such as Bitcoin (BTC) and Ethereum (ETH), CoinSafe also supports trading in a large number of other cryptocurrencies. The handling fees for these currencies are in fact the same as the basic rates for trading, with the difference being that the liquidity of different currencies may affect the slippage of the transaction, which in turn affects the actual transaction costs. Generally speaking, the handling fee will be adjusted according to market demand and liquidity, especially for low market capitalization currencies, the handling fee and slippage of the transaction may be higher.
Other Currency Handling Fee Overview
| Currency | Handling Fee Range |
|----|----|
| btc | 0.10% |
| ETH | 0.10% |
| bnb | 0.10% |
| ltc | 0.10% |
| xrp | 0.10% |
How to Reduce Coin Trading Fees
There are a number of ways to reduce your trading fees on CoinAnn, the most common way is to use BNB to pay your fees, which can directly reduce the 10% fee. Participating in the Coin's VIP program is also an effective method. As your trading volume increases, your VIP level will rise, and the handling fee will be lowered accordingly. If you actively participate in Coin's affiliate program, you can also get additional commission by recommending other users, which indirectly reduces your trading costs.
Frequently Asked Questions Q&A
Q1: Is the handling fee of Money Security fixed?
A1: No, Coin's handling fee will be adjusted according to your VIP level and whether or not you use BNB to pay the handling fee.
Q2: Can I adjust my VIP level at any time?
A2: Yes, the VIP level is determined by your trading volume and the number of BNBs you hold, and as the trading volume changes, the VIP level will be adjusted accordingly.
Q3: How are the returns of the MoneyGram commission scheme calculated?
A3: The rebate is calculated based on the number of users you invite and their trading volume, and the rebate rate can be up to 40%.
This article describes the trading fee structure of MoneySafe and how to reduce it in a way that will hopefully help you become more comfortable with trading.