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How much does bitforex charge for trading?

BitForex exchange has a rather simple structure for their trading fees. Spot maker and taker fees are both 0.1%. Perpetual fees for BTC and ETH are 0.04% for makers and 0.06% for takers, whereas fees for all other coins are 0.06% for makers and takers.

Where is bitforex located?

It was founded in 2017 and now offers over 300 trading pairs and a user base of over 3,500,000 people from 200 countries. The company is headquartered in Hong Kong and registered in the Republic of Seychelles. BitForex also has teams in Germany, Estonia, the Philippines, Malaysia, and Singapore.

How are trading fees calculated?

For every executed order, there is a Trading Fee incurs. Trading fees will be calculated in the Realized PNL. The cryptocurrency that is corresponded to the contract type will be taken for the trading fees.

What are taker fees?

• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. BitForex has arranged a new discounted rate for Market Maker accounts. Applications can now be submitted to [email protected], and will be reviewed on Mondays.

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