Introduction

At BitNasdaq, we provide an optimized trading experience through advanced AI technology, making the process of buying and selling cryptocurrencies simpler and more accessible. This article outlines the trading fees on our platform, focusing on the maker vs taker fee structure and how understanding this can help you maximize your profitability across all trading types (spot, margin, futures, etc.).

BitNasdaq’s Fee Structure

BitNasdaq operates on a maker vs. taker fee system:

• Maker Orders: A maker order adds liquidity to the market by placing an order that waits for a match, generally incurring lower fees.

• Taker Orders: A taker order matches an existing order in the order book, immediately executing the trade and removing liquidity from the market, leading to higher fees.

Spot Trading Fee Details:

• Maker Fee: 0.1%

• Taker Fee: 0.15%

Margin Trading Fee Details:

• Maker Fee: 0.1%

• Taker Fee: 0.15%

*Note: Additional interest may apply

Perpetual Futures Trading Fee Details:

• Maker Fee: 0.02%

• Taker Fee: 0.05%

Understanding these fee structures enables traders to make informed decisions by choosing the appropriate type of order.

Example of Maker vs Taker Fee Structure: Spot BNQ/USDT

Let’s look at an example to better understand how the maker vs taker fee structure works in practice. Imagine you are trading the Spot BNQ/USDT pair, where 1 BNQ = 1 USDT.

• Entry Price (BNQ/USDT): 1 BNQ = 1 USDT

• Exit Price (BNQ/USDT): 1 BNQ = 1.05 USDT

• Trade Size: 100 BNQ

• Maker Fee: 0.1%

• Taker Fee: 0.15%

Let’s break down the fees for different order types.

Scenario 1: Taker Order for Both Entry and Exit

You place a market buy order to buy 100 BNQ at the current market price (taker order), and then place a market sell order (taker order) to exit at the best available price.

Fee Calculation:

• Fee to Open (Taker):
  1 USDT * 0.15% * 100 BNQ = 0.15 USDT

• Fee to Close (Taker):
  1.05 USDT * 0.15% * 100 BNQ = 0.1575 USDT

• Total Fees Paid: 0.15 USDT + 0.1575 USDT = 0.3075 USDT

This scenario incurs the highest fees because both orders are taker orders, which immediately execute and remove liquidity from the market.

Scenario 2: Maker Order for Entry, Taker Order for Exit

You place a limit buy order to buy 100 BNQ at 0.99 USDT (maker order) and then place a market sell order (taker order) to exit at the best available price of 1.05 USDT.

Fee Calculation:

• Fee to Open (Maker):
  0.99 USDT * 0.1% * 100 BNQ = 0.099 USDT

• Fee to Close (Taker):
  1.05 USDT * 0.15% * 100 BNQ = 0.1575 USDT

• Total Fees Paid: 0.099 USDT + 0.1575 USDT = 0.2565 USDT

In this scenario, the entry is a maker order, which reduces the fee for opening the position, while the taker order for the exit increases the fee for closing the position.

Scenario 3: Maker Orders for Both Entry and Exit

You place a limit buy order to buy 100 BNQ at 0.99 USDT (maker order), and then place a limit sell order to exit at 1.05 USDT (maker order).

Fee Calculation:

• Fee to Open (Maker):
  0.99 USDT * 0.1% * 100 BNQ = 0.099 USDT

• Fee to Close (Maker):
  1.05 USDT * 0.1% * 100 BNQ = 0.105 USDT

• Total Fees Paid: 0.099 USDT + 0.105 USDT = 0.204 USDT

This scenario uses maker orders for both the entry and exit, which results in the lowest overall fees, as you are providing liquidity to the market on both sides.

Platform Security and Asset Protection

BitNasdaq ensures the security of users’ assets and trading activities through advanced security measures, safeguarding against cyber threats and unauthorized access. The platform is designed to provide secure transactions, offering users peace of mind while engaging in crypto trading.

Device Coverage and Multilingual Support

BitNasdaq is accessible across multiple devices, including web-based platforms, native Android and iOS apps, ensuring a seamless experience for traders on the go. Additionally, the platform offers multilingual support, catering to a global user base by providing its services in various languages, including English, Chinese (Mandarin), Korean, Arabic, Russian, and Hindi.

Disclaimer

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Trading cryptocurrencies involves significant risk, and you should carefully consider your risk tolerance and financial situation before engaging in any trading activity. BitNasdaq is not responsible for any financial losses that may occur from using the platform. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.