Bitfinex has maker and taker fees for traders based on a user’s 30-day volume, which is calculated every 12 hours. Your 30-day volume is a moving sum of all trades executed between the current time and the previous 30 days. The snapshots are taken every 00:00 UTC using daily volume-weighted average price (VWAP). This will determine the fee level you will be categorised under.
What is the difference between taker and maker trading fees on Bitfinex
Taker fees are usually higher, while maker fees are lower.
- Maker fees are paid when you add liquidity to our order book by placing an order under the ticker price for buy and above the ticker price for sell.
- Taker fees are paid when you remove liquidity from our order book by placing an order that is executed against an order of the order book.
Note: If you execute a Post-Only Limit Order, you will pay the maker fee rather than the taker fee unless it is matched with a hidden order.
You can find additional information regarding Bitfinex fees in the article What fees does Bitfinex charge.
How to find the 30-day volume of your Bitfinex account
1. Firstly, log in to your Bitfinex account.
2. Then, navigate to the Reports page, which can be found under Manage Account > Reports.
3. Once on the Reports page, select My Account > Account Summary on the left side of the menu. This will provide you with a rundown of your account’s general fee information.
What is the Fees Calculator on Bitfinex
The Fees Calculator can be used to estimate your approximate trading fees. On the calculator, you can enter a 30-day volume USD equivalent as well as any UNUS SED LEO holdings you may have or intend to have, which may reduce your fees.
Note: If you want to pay less in trading fees, you may also read our article How to pay less trading fees at Bitfinex.
If you have any questions about the fee you were charged on Bitfinex, please contact us through Bitfinex Support and include the order ID in question so our team can take a closer look. We are happy to assist you.