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  • Market Cap: $3.4448T 2.380%
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What are the trading fees on DigiFinex exchange?

DigiFinex's tiered maker-taker fee model rewards market makers with rebates and offers VIP discounts for both spot and perpetual contract trades.

Nov 28, 2024 at 07:14 am

What are the trading fees on DigiFinex exchange?

DigiFinex, a Singapore-based cryptocurrency exchange established in 2018, offers a comprehensive range of trading services for various digital assets. Understanding the trading fees associated with DigiFinex is crucial for traders to optimize their investment strategies.

1. Trading Fee Structure

DigiFinex employs a tiered maker-taker fee model, where market makers (those who provide liquidity by placing limit orders) receive a rebate on trading fees, while market takers (those who execute orders against existing orders) pay a fee. The fee structure varies based on the user's trading volume and VIP level.

2. VIP Tiers and Trading Fee Discounts

DigiFinex offers multiple VIP tiers based on users' 30-day trading volume, which range from VIP 0 to VIP 8. Higher VIP tiers entitle users to significant trading fee discounts, with VIP 8 traders enjoying the lowest fees of 0.01% maker and 0.04% taker.

3. Spot Trading Fees

For spot trading, DigiFinex charges varying fees based on the user's VIP tier and trading volume. Fees range from 0.06% maker and 0.12% taker for VIP 0 traders to 0.01% maker and 0.04% taker for VIP 8 traders.

4. Margin Trading Fees

Margin trading allows traders to borrow funds to increase their trading positions. DigiFinex charges a daily interest rate for margin trading, which varies based on the cryptocurrency being traded and the user's VIP tier.

5. Perpetual Contract Trading Fees

Perpetual contracts are continuous futures contracts without an expiration date. DigiFinex charges a maker and taker fee for perpetual contract trades, with fees ranging from 0.03% for makers and 0.06% for takers for regular users. VIP traders receive discounted fees based on their tier.

6. Other Fees

In addition to trading fees, DigiFinex also charges fees for certain other services, such as:

  • Withdrawal fees: Fees vary based on the cryptocurrency being withdrawn and the withdrawal method.
  • Deposit fees: While most deposits are free, some cryptocurrencies may incur a deposit fee.
  • Conversion fees: DigiFinex charges a fee for converting one cryptocurrency to another.

7. Fee Reductions and Incentives

DigiFinex periodically offers promotions and incentives that can reduce trading fees. Users can participate in trading competitions or hold specific cryptocurrencies to earn fee discounts.

Conclusion

The trading fees on DigiFinex are competitive within the cryptocurrency exchange landscape. By understanding the fee structure and maximizing VIP benefits, traders can optimize their trading strategies and minimize costs.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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