How much are the general currency transaction fees? How to deduct the handling fee?

Coin-to-crypto trading is the fastest way for novice investors to get started. It is mainly aimed at transactions between crypto-assets and crypto-assets. USDT is usually used as the pricing unit to purchase Bitcoin, Ethereum and other crypto-assets. , this kind of transaction is usually conducted on a cryptocurrency exchange, and the exchange usually charges a certain transaction fee as a service fee. As an investor, you need to know in advance how much the currency transaction fees are generally? To avoid asset ZP. Generally speaking, the handling fee varies according to the requirements of the exchange. The editor will explain it in detail below.

#What are the general handling fees for currency transactions?

The handling fee for currency transactions usually depends on factors such as the exchange's policies, market liquidity, the popularity of the trading pair, and network congestion. Generally speaking, fees are charged by exchanges to cover their costs of providing trading services and provide profits for operations.

For example, the fee rate for ordinary users of Eureka Exchange (click here to register) is between 0.1% and 0.06%, the fee rate of Binance Exchange (click here to register) is 0.1%, and the fee rate of Huobi Exchange is 0.1%. (Click here to register) The fee is 0.2%.

The calculation method of handling fees also varies from exchange to exchange. Some exchanges have fixed rates, such as a fixed percentage rate per trade, while other exchanges may have different rates based on volume or trading pairs. In addition, some exchanges may also adopt a tiered fee system, which determines the service fee based on the user's trading volume or the number of exchange tokens held.

How to deduct currency transaction fees?

Coin-to-crypto trading fees are usually deducted from the exchange account when the user executes the transaction. When a user submits a buy or sell order on the exchange, the exchange will calculate the corresponding handling fee based on its trading volume and the exchange's handling fee policy, that is, the number of currencies * the corresponding handling rate.

The calculation method and deduction timing of handling fees may vary from exchange to exchange. Some exchanges will directly display the handling fee when the user submits the order and deduct it immediately when the order is completed; while other exchanges may deduct the handling fee only after the order is completed.

For example, on Eureka Exchange: User A’s handling fee level is LV1. In the BTC/USDT trading currency pair, it is calculated by selling 1 BTC to obtain 10,000 USDT. The handling fee is charged for pending orders. is 0.08%, and the handling fee charged for takers is 0.1%, then there are the following situations:

① If all orders are pending orders, you need to pay to obtain The amount of USDT is 10000*0.08%=8 USDT as handling fee, and the actual amount is 9992 USDT.

② If all orders are executed as takers, you need to pay the USDT amount obtained 10000*0.1%=10 USDT as a handling fee, and you will actually receive 9990 USDT.

③If the order is partially executed as a taker and partially as a pending order, the handling fee required is 8-10 USDT, and the actual amount received is 9990-9992 USDT.

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