Individuals using Bittrex are beneficiaries of a fee schedule that improves the more the individual trades. The more one trades, the more one can save.
Fees arising from trading are incurred when an order is filled by the Bittrex matching engine. When an order is executed, the buyer and the seller are then each charged a fee based on the total price of the executed order. No fees exist for orders that have not been executed. Any given portion of an order that has not been executed will be refunded fully once the cancellation of the order has been made.
Fees vary by the currency pair being traded, your 30-day trading volume, and whether the order undertaken is a maker or taker.
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 called the ‘maker’ order. Conversely, 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.
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 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 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.
Your trading volume impacts the price you pay for each trade. Our fees are built to reward users who drive liquidity to Bittrex markets to ensure a healthy ecosystem. Your trading fees are reduced according to the USD value of your total volume traded by your account over the previous 30 days.
Bittrex calculates the 30-Day Volume on a daily basis, updating each account’s volume calculation and trading fee schedule between the hours of 00:30 UTC and 01:30 UTC each day.
You can check your current 30-Day Volume by logging in and navigating to Account > My Activity.
The fee (commission) charged by Bittrex on each executed trade is calculated by taking the (amount * purchase price * rate) for the given trade. The fee schedule below provides the applicable rate based on the account’s 30-Day Volume and if the order is a maker or taker.
|30-Day Volume (USD)
| $0k – $200k
| $200k – $500k
| $500k – $1M
| $1M – $2M
| $2M – $3.5M
| $3.5M – $7M
| $7M – $12M
| $12M – $40M
| $40M – $60M
Bittrex reserves the right to change the commission rates at any time, including providing other discounts and temporary incentive programs.
Moving funds on the blockchain to and from Bittrex incurs a cost for users related to the specific coin’s network fees.
– There are no fees charged by Bittrex 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 can avoid.
– 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.
Bittrex does not charge fees for USD deposits and withdrawals. You will want to check with your bank as they may charge a fee to send your wire transfer as well as receive a wire transfer at your bank. Also, if your bank uses an intermediary bank, you will want to check with them to see if they charge a fee.