Trading Fees are the primary source of revenue for exchanges. They are typically charged on both fiat-crypto trades as well as crypto-crypto trades.
Bitfinex charges taker and maker fees based on the order type you place.
How to pay fewer costs while trading on Bitfinex:
1. Increase your volume:
Bitfinex has a range of fee tiers based on a user's 30-day volume, which is assessed every 12 hours. Increasing your volume will allow you to take advantage of a variety of discounts.
You can find out what your account fee tier is by visiting the following page: https://report.bitfinex.com/account_summary.
2. Hold UNUS SED LEO tokens:
You may be eligible for one of three levels of taker fee discounts if you have UNUS SED LEO tokens in your account.
The levels will be determined by the average number of UNUS SED LEO tokens held in your account over the last 30 days, as well as the type of Bitfinex trade conducted.
This means that simply holding at least 1 Tether USDt LEO equivalent for the past 30 days qualifies your account for a 15% discount on taker trading fees for crypto-to-crypto and crypto-to-stable coin pairs.
Note: UNUS SED LEO benefits are only available for UNUS SED LEO holders; LEO-EOS and LEO-ERC20 tokens need to be converted to UNUS SED LEO in order to contribute to LEO discounts. Conversion can be done via the Currency Conversion tool found on the Wallets page.
Important: Trading discounts range from 15 to up to 25.000 per cent + 6bps for Digital Token-to-Digital Token pairs, Digital Token-to-Stablecoin, and Digital Token-to-Fiat, depending on the tiers you're on.
Refer to the Knowledge Base and the Bitfinex Fees page for further details.
3. Take advantage of the Developers’ Reward
If you use Bitfinex API to create API tools or trading libraries, you can take advantage of the Developers' Reward, which gives you a 5% rebate on any trading fees paid using Bitfinex API. Furthermore, if your tools are used by other traders, you might receive a further discount on your trading fees as well as additional earnings.
4. Affiliate Program
New users, who sign up on Bitfinex through our Affiliate Program, receive a 6% discount on trading costs.
Existing users, who become Bitfinex Affiliates, can earn fees from up to three levels of connection within their network through a commission-based structure.