Bitfinex Commissions

Fees charged by BitfinexThe fee scale depends on the type of transaction and the type of service provided by the service. After logging in to your personal cabinet, you can go to the “Fee Schedule”. On it you can check the amount of fees to be paid. Calculator crypto exchanges is updated according to the amount of LEOs available on the balance and the 30-day trading volume. On the page bitfinex.com you can view and download reports for a certain period of time with all movements of funds in the selected currency.

Trade commissions

The exchange charges trading fees. These are commissions that are charged for conducting trades on the Bitfinex terminal. They are divided into amounts for maker and taker. In the first case, fees are paid when the user adds liquidity to the order book of the service by placing a limit order below the ticker price when buying or higher when selling.

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Taker commission is charged when a trader withdraws liquidity from the order book by placing an order that can be executed against another offer from the list. If a hidden order (not displayed in the book) is placed, a taker commission will be charged. If a limit order is created, maker fees will be charged. Bitfinex has developed several levels of trading fees, which depend on various factors, including the volume of transactions over the past 30 days and the amount of UNUS SED LEO tokens on the balance. So, having the equivalent of 1 Tether USDt LEO for the last month will give a discount of 15% on the ticker commission for transactions on such pairs: cryptocurrency-cryptocurrency, token-stablecoin.

In the “Fees” section of the exchange site there is a fee calculator. You can enter the volume of transactions over the last 30 days and the amount of UNUS SED LEO tokens in your account. The service will automatically calculate and show the fees for transactions in cryptocurrency-cryptocurrency, crypto-stablecoin, cryptocurrency-fiat, derivatives pairs. The commissions are 0.02-0.1% for the maker and 0.065-0.2% for the toker. There is also a table where commissions for order execution are published depending on the trade volume. For the maker they are as follows:

• for a volume of $0 to $500,000 – 0.1%;
• from 500,000 USD – 0.08%;
• from 1,000,000 – 0.06%;
• from 2,500,000 -0.04%;
• from 5,000,000 – 0.02%;
• From 10,000,000 – 0.

Collections of tickers on Bitfinex:

• for a volume of 0 to 10,000,000 U.S. dollars – 0.2%;
• from 10,000,000 USD – 0.18%;
• from 15,000,000 – 0.16%;
• from 20,000,000 -0.14%;
• from 25,000,000 – 0.12%;
• from 30,000,000 – 0.1%;
• from 300 million – 0.09%;
• from 1 billion – 0.085%;
• from 3 billion – 0.075%;
• from 10 billion – 0.06%;
• from 30 billion – 0.055%.

Execution of a derivatives order

Separate commissions are calculated for such transactions. They also depend on the volume of transactions made in the last month (from $0 to $3 billion). The table in the “Fees” section shows such commissions and discounts:

• Market maker charges -0.01 to 0.02%.
• Discounts for a maker with LEO on his account – from -0.005% to 0.
• Minimum commission with a maker (with LEO on the balance) – -0.015-0.02%.
• Taker charges are 0.035 to 0.065%.
• The discounts for the taker with LEO are -0.015 to -0.02%.
• The minimum commission from the taker (with LEO on the account) – from 0.02 to 0.045%.

Total fees and commissions are calculated as a percentage of the transaction to which they apply. The commission is charged to the maker when a limit order, displayed in the book until realized, is executed. If the fees are negative, the user is rewarded. Taker commission is charged when the trader places an order executing against another order in the book.

Discounts on commission for Unus SED LEO on balance

Bitfinex is offering 3 levels of discounted fees for keeping the UNUS SED LEO token in your account:

• The first one is from 1 LEO in USDt equivalent. Discount – 15% for crypto-crypto and crypto-stablecoin pairs.
• The second is from LEO 5,000. Discount – 25% for crypto-crypto and crypto-stablecoin, 10% for crypto-fiat.
• The third is from LEO 10,000. Discount – 25% for crypto-crypto and crypto-stablecoin, 10% for crypto-fiat.

Bitfinex Borrow Commissions

Users of the Bitfinex Borrow credit service are also subject to fees. The borrower is charged a maker fee for order fulfillment. This is done twice: when a deposit is made to the platform and when the funds are returned and the deposit is refunded. Lender fees are 15% (of the fees generated by Bitfinex Borrow). Commissions charged to loan providers when placing a hidden offering are 18% (of the commissions generated by loans).

The recipient of the loan is charged interest calculated by the second, except in situations where financing is received and returned manually. In this case, the borrower must pay interest for at least one hour of using the money. After that time, interest is charged every second.

If the recipient chooses a variable rate, lending cannot begin until the recipient withdraws money from the margin account. A fixed rate means that lending begins when the borrower and lender’s request is matched. If Bitfinex takes over the user’s credit positions rather than liquidating them, the trader will be charged a 5% fee on the losses he would have incurred had his offer been liquidated, at the time the service took it over.

Margin financing

For those who use such a service, too, they have developed their own scale of fees. The fee charged by the liquidity provider (lender) is 15% of the amount received from funding offers. The fee charged to the lender when a hidden offer is published is 18%. The borrower is charged interest every second, except when the collateral is received and returned without use. In that case, interest will be charged for a minimum of one hour. If Bitfinex takes over the user’s margin positions, the user will be charged 5% of the loss he would have incurred if the position had been liquidated at the time the service took it.

Fiat deposits and withdrawals

To deposit and withdraw fiat currency it is necessary to pass full verification of Bitfinex account. After verification user can transfer funds to his bank account and deposit. A 0.1% fee is charged for fiat deposits and withdrawals (minimum – $60/euro). Express withdrawal procedure is also available. In this case, they will be withdrawn in 24 hours, but the commission will increase to 1% of the amount.

Cryptocurrency withdrawal

Cryptocurrency withdrawal fees depend on the digital assets that are withdrawn. The “Fees” section has a list of coins and the amount that is charged for their withdrawal. For example, for Bitcoin it is 0.0004, for Ethereum – 0.00126, for Litecoin – 0,001.