Is there any handling fee for buying and selling Bitcoin on Huobi.com?
Huobi.com charges a handling fee for buying and selling Bitcoin. Handling fee types include transaction fees (spot and contract), currency withdrawal fees and recharge fees (except for specific currencies). Spot transaction fees are based on transaction volume and VIP level, contract transaction fees are based on contract type and leverage, and currency withdrawal fees vary by currency. For example, purchasing $10,000 worth of Bitcoin will incur a fee of approximately $10.
Huobi.com trading fees for buying and selling Bitcoin
Answer: Yes, Huobi The network charges fees for buying and selling Bitcoin.
Types of handling fees
Huobi charges three types of handling fees from users based on transaction types:
- Transactions Handling fee: is charged to buyers and sellers in spot transactions and contract transactions.
- Withdrawal fee: It is charged when the user withdraws coins from Huobi.com to an external wallet.
- Recharge fee: It is charged when the user recharges from an external wallet to Huobi.com (usually not charged, except for certain currencies).
Spot transaction fee
The Huobi spot transaction fee is based on the user's transaction volume and VIP level, ranging from 0.02% to 0.2% between.
Contract transaction fees
The handling fees for Huobi futures transactions are based on the contract type and leverage, usually between 0.01% and 0.09%.
Coin withdrawal fees
The fees charged by Huobi for withdrawing coins vary depending on the currency. Fees range from 0.0005 BTC to 50 XLM.
Recharge fee
Huobi.com usually does not charge recharge fees, except for the following currencies:
- XRP: 0.25 XRP
- EOS: 0.2 EOS
- BTT: 15 BTT
Example
Assume you buy 10,000 USD worth of Bitcoin from Huobi.com, your handling fee is calculated as follows:
- Transaction fee (0.02%): 10,000 USD x 0.02% = 2 USD
- Withdrawal fee (0.0005 BTC): approximately 8 USD
So, you The total handling fee is approximately $10.
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