To ensure a more transparent and clear trading experience on the Echobit platform, we are releasing the following detailed explanation of our trading fees:
-
Spot Trading Fees Each spot trade on Echobit incurs a corresponding trading fee as follows:Spot Trading Fee Rate
- Maker: Provides liquidity by placing orders on the market (e.g., limit orders).
- Taker: Consumes liquidity by taking orders or executing market orders.
- Futures Trading Fee Rate
For USDT contract trades, the fee rates are as follows:
Example Calculation:
-
Market order to buy 1 BTC BTCUSDT perpetual contract
- Contract value = 1 BTC x 10,000 = 10,000 USDT
- Taker fee = 10,000 x 0.06% = 6 USDT
-
Limit order to sell 1 BTC BTCUSDT perpetual contract
- Contract value = 1 BTC x 11,000 = 11,000 USDT
- Maker fee = 11,000 x 0.02% = 2.2 USDT
Thank you for choosing Echobit. We are committed to providing you with an efficient and secure trading experience!
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