BITTREX GLOBAL SERVICE FEES

Page Updated: 10/08/2019

Trading Fees

Trading fees are incurred when an order is filled by the Bittrex Global matching engine. All trades are charged .25%.  This is calculated by taking the (amount * purchase price * .0025). When an order executes the buyer and the seller are each charged a fee based on the total price of the executed order. There are no fees for placing an order which does not execute. Any portion of an order that has not executed will be refunded fully upon the cancellation of the order. Bittrex Global reserves the right to change the commission rates at any time, including providing other discounts and temporary incentive programs.

Maker-Taker Fees

All executed trades in our matching engine are between an existing order that is on the order book and a newly placed order. The order that is already on the order book is the ‘maker’ order. The newly placed order is the ‘taker’. The fees charged to the buyer and a seller in a transaction are based on which order is the maker and which order is the taker.

If a newly entered order doesn’t immediately match with any orders already in the system or is not completely filled by existing orders on the order book, the remainder of the order goes onto the order book and becomes a potential maker order for a future trade.

Example: In a USD-BTC market, assume there is a sell order for 0.75 BTC on the order book (the maker order). If a trader places a buy order for 1.0 BTC that matches the 0.75 BTC order’s price, there will be one trade for 0.75 BTC where the newly entered order is the taker. If the remaining 0.25 BTC from the new order does not match with another order already on the book, it will be placed on the buy side of the order book and will potentially be the maker order of another future trade.

Maker Orders

Maker orders create (make) liquidity on a market by being entered onto the order book. In other words, maker orders are not filled when they are placed but instead wait until a future order is placed that matches them. A maker order can be on either the sell side or a buy side of the order. When an existing order on the order book is matched with a newly placed order (the taker), the maker order in the transaction is charged the maker fee.

Taker Orders

Taker orders reduce (take away) liquidity on a market. Orders which execute immediately and take volume off the order book are takers. A taker order can be on either the sell side or buy side of the order. When a new order is placed and it matches against another order already on the order book (the maker), the taker in the transaction is charged the taker fee. 

Transaction Fees

Blockchain

Moving funds on the blockchain to and from Bittrex Global incurs a cost for users related to the specific coin's network fees.

Deposits - There are no fees charged by Bittrex Global for deposits. Please be aware that some tokens or coins require us to move your funds to another address before we credit them. This means the coin or token’s network will charge you the normal transaction fee for this send and is not something Bittrex Global can avoid.

Withdraws - Each token or coin has a network transfer fee that is built into it, and we charge a small amount to cover this fee. You can view the fee for each coin or token by  clicking the withdraw button next to the coin to bring up the withdraw window which shows the network fee.

 

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