Poloniex: Fees & Limits

Estimated reading time: 2 min
Effective January 8, 2020 Below are the fees and transaction costs that apply when using Poloniex:
  • Spot & Margin Trading Fees
  • Deposit and Withdrawal Transaction Costs
  • Margin Fees & Interest
  • Lending Fees
  • Bank Wire Fees

What Are the Fees?

Spot & Margin Trading Fees

To encourage liquidity and tighter spreads in our markets, we use a volume-tiered, maker-taker fee schedule. Visit your Trading Fee Tier page to see which fee tier is applicable to you. Fees are charged and deducted on a per-trade basis. As your total volume on a rolling 30 day basis increases, the percentage of fees you pay will decrease. Your fees will be dynamically updated and calculated based on your last 30 days of trading volume (total buys and sells) based on the daily average BTC-USD rate (using a 24-hour weighted average price). Spot and margin trading fees will use the following schedule:
Tier 30 Day Trading Volume Maker Fee Taker Fee
1 < $50K 0.090% 0.090%
2 $50K – $1M 0.075% 0.075%
3 $1M – $10M 0.040% 0.070%
4 $10M – $50M 0.020% 0.065%
5 $50M + 0.000% 0.060%
Poloniex Plus Silver 0.000% 0.040%
Poloniex Plus Gold 0.000% 0.030%
Poloniex Market Maker – 0.020% 0.025%

What Does Maker-Taker Mean?

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own. The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides.

Deposit and Withdrawal Transaction Costs

We do not charge fees for depositing crypto into your Poloniex account. You may have to pay fees in the account you are sending funds from. When you withdraw assets from your wallet, Poloniex will charge a fixed fee per asset to cover the cost of broadcasting a transaction to the network. You must have enough assets in your account to cover the transaction fee in order to transfer your assets out. Withdrawal fees per asset are outlined in our support article, here.

Margin Fees & Interest

(Note: Margin/Lending is only available for Level 2 and above) Interest charged to margin customers by lenders If you are a margin customer, you will pay interest to the lending customer based on the amount loaned. This interest will be paid to lending customer when your position is closed. The interest rate is specified in the loan offer by the lender and you will be matched based on the maximum loan rate you specify. Any margin trades will also be subject to the trading fees set out above.

Lending Fees

Poloniex will charge a fee of 15% of earned interest by the lending customer.

Bank Wire Fees

Item Fees Details and disclosures
Bank Wire – Deposit No fees Poloniex and its banking partners do not charge fees for tokenizations into your USDC account made in connection with the tokenization of US Dollars, provided that the wire is denominated in US Dollars. If you wire funds in another currency, Circle’s banking partners may charge you a currency conversion fee and your tokenization will be converted at the applicable currency conversion rate of Circle’s banking partners. You may also incur fees from your own bank. *
Bank Wire – Rejected Deposit $50 Poloniex will charge a fee if your bank wire is rejected and needs to be returned. Possible reasons for rejection include missing or misspelled reference numbers or attempting to deposit an amount in excess of your deposit limit.
Bank Wire – Withdrawal No fees Poloniex and its banking partners do not charge fees for redeeming USDC for US Dollars and wiring funds to your bank account. You may incur fees from your own bank when receiving funds, A minimum of $50 is required to redeem via bank wire.

*For these reasons, you should always denominate your wire transfer in US Dollars so that you know exactly how much USDC you will receive in respect of a given tokenization.

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