What is the transaction fee of the Bitfinex exchange?

Bitfinex's transaction fees vary depending on the trader's volume and role (maker or taker), ranging from 0.04% to 0.20%.

Oct 08, 2024 at 05:00 am

What is the Transaction Fee of the Bitfinex Exchange?

1. Overview

Bitfinex is a popular cryptocurrency exchange that offers a wide range of trading options for digital assets. However, like all exchanges, Bitfinex charges transaction fees for each trade.

2. Transaction Fee Structure

The transaction fee structure on Bitfinex is tiered, based on the maker or taker fee and trading volume.

• Maker Fee:

  • Traders who create liquidity by placing limit orders that are not immediately executed are charged a maker fee.

• Taker Fee:

  • Traders who take liquidity by executing orders that have been placed by other traders are charged a taker fee.

3. Maker and Taker Fees

The maker and taker fees on Bitfinex vary depending on the trading volume over the past 30 days. The fees are as follows:

Trading Volume	Maker Fee	Taker Fee
< $500,000	0.10%	0.20%
$500,000 - $2,500,000	0.09%	0.19%
$2,500,000 - $5,000,000	0.08%	0.18%
$5,000,000 - $10,000,000	0.07%	0.17%
$10,000,000 - $25,000,000	0.06%	0.16%
$25,000,000 - $50,000,000	0.05%	0.15%
> $50,000,000	0.04%	0.14%

Example:

If a trader with a trading volume of $10 million places a limit order that gets executed immediately, the trader would pay a maker fee of 0.06%. If the trader immediately executes an order that was placed by another trader, they would pay a taker fee of 0.16%.

Conclusion:

Bitfinex's transaction fees are competitive compared to other major exchanges. By understanding the maker and taker fee structure and the tiered volume-based fees, traders can optimize their trading strategies to minimize transaction costs.