In BitTap spot trading, a trading fee is charged when users buy or sell cryptocurrencies. This fee is divided into two types:
Maker Fee: When you place a limit order that is not immediately executed but remains in the order book waiting to be matched by another user, you are considered a “Maker”, as you provide liquidity to the market. Maker fees are usually lower.
Taker Fee: When you place an order that is immediately matched with an existing order in the market, you are considered a “Taker”, as you remove liquidity from the market. Taker fees are generally higher than maker fees.
How is BitTap Spot Trading Fee Calculated?
The trading fee is calculated based on trade amount and fee rate, using the following formula:
Trading Fee = Trade Amount × Fee Rate
Example Calculation:
Assuming a user has the following fee rates:
Maker Fee: 0.20%
Taker Fee: 0.20%
If a user places a maker order of 10,000 USDT, the fee is calculated as:
10,000 × 0.002 = 20 USDT
If a user places a taker order of 10,000 USDT, the fee is calculated as:
10,000 × 0.002 = 20 USDT
How to Reduce Trading Fees?
Increase Trading Volume: BitTap may offer trading fee discounts during promotional events. Users can increase their trading volume to access better fee rates.
Trade Specific Pairs: Some trading pairs may enjoy zero fees or fee discounts during specific time periods. Check BitTap's official announcements for the latest offers.
Join Fee Discount Promotions: BitTap frequently launches limited-time trading fee discounts, such as reduced fees for selected trading pairs or new user rewards. Visit the platform announcements for details.
BitTap is committed to providing transparent and low-cost trading. Stay updated on the latest promotions to enjoy better trading fees.