What are the trading fees on CoinEx exchange?

CoinEx provides a tiered fee structure that rewards market makers and incentivizes higher trading volumes, offering discounts for CET token holders and a referral program for user acquisition.

Nov 28, 2024 at 06:24 pm

Delving into the Trading Fees Structure of CoinEx Exchange: A Comprehensive Guide

CoinEx, a renowned cryptocurrency exchange, offers a streamlined trading experience for users. Understanding the exchange's trading fees structure is crucial to optimize trading strategies and navigate the platform effectively. This in-depth guide explores the various factors influencing trading fees on CoinEx.

1. Market Maker vs. Market Taker:

CoinEx employs a tiered fee structure based on the role of traders in the market:

• Market Maker: Traders who add liquidity to the market by placing limit orders (i.e., orders with a pre-defined price) qualify as market makers. They enhance market stability and receive rebates on their trading fees.
• Market Taker: Traders who remove liquidity from the market by executing market orders (i.e., orders executed at the current market price) are considered market takers. They pay trading fees on each transaction.

2. Trading Volume Tier:

CoinEx categorizes market takers into different tiers based on their monthly trading volume:

• VIP 0 (Trading Volume < 500 BTC): Standard trading fees applicable.
• VIP 1 (Trading Volume 500 to 2,500 BTC): Discounted trading fees.
• VIP 2 (Trading Volume 2,500 to 10,000 BTC): Significant fee reductions.
• VIP 3 (Trading Volume 10,000 to 50,000 BTC): Substantial fee discounts.
• VIP 4 (Trading Volume > 50,000 BTC): Lowest possible trading fees on CoinEx.

3. Maker Fee:

• Market makers receive maker rebates that reduce their trading fees.
• Maker fees vary depending on the VIP tier, starting at 0.03% and decreasing progressively to 0.00% for VIP 4 traders.

4. Taker Fee:

• Market takers incur trading fees based on their VIP tier and trading volume.
• Taker fees range from 0.10% to 0.02%, with VIP 4 traders enjoying the lowest fees.

5. CET Token Holder Discount:

• CoinEx offers additional fee discounts to traders who hold its native CET token.

• The discount rate depends on the amount of CET held, offering tiered benefits to users:

  • 1% trading fee discount for holding 100 to 500 CET.
  • 5% trading fee discount for holding 500 to 1,000 CET.
  • 10% trading fee discount for holding 1,000 to 2,500 CET.
  • 15% trading fee discount for holding 2,500 to 5,000 CET.
  • 20% trading fee discount for holding over 5,000 CET.

6. Referral Program:

• CoinEx operates a referral program where users can invite new traders to the platform.
• Referring users earn a commission on the trading fees paid by the invited traders.
• The referral commission depends on the VIP tier of the referred trader and ranges from 10% to 50%.