Fees
We offer a competitive rate for each of our platformโs trading tools. For each feature, fees are as follows:
Leverage:
Deposits
Gas fees for deposits are paid in ETH by the user.
Withdrawals
Gas fees for withdrawals are paid in USDC by the user.
The user pays 0.1% in USDC for fast withdrawals to dYdX.
Market orders
Paid in USDC.
Opening a position - the user pays 0.05%.
Closing a position - 0.05% is paid by the user.
Limit orders
Limit orders are paid in USDC.
User pays 0.02% as a โMakerโ.
User pays 0.05%. as a โTakerโ.
Stop-loss
Paid in USDC.
User pays 0.02% as a โMakerโ.
As a โTakerโ the user pays 0.05%.
Liquidation
User pays 1% in USDC to the dYdX liquidator.
Swaps:
Gas fees.
Limit orders:
No fees.
User is responsible for the fee paid to Ethereum miners to validate the transaction on the blockchain.
On the Layer 2 Perpetual product for fast withdrawals, a 0.1% fee is paid to cover the cost of the liquidity required to execute the fast withdrawal.
When utilizing the leverage trading feature, you will pay gas fees for withdrawals in USDC.
Maker-Taker:
A maker-taker fee model is used to determine trade fees on bitoftrade.
Maker orders provide depth and liquidity to the order book, while taker orders remove liquidity from the order book. Users are charged a different fee depending on which of the two types of orders theyโre utilizing.
There is complete transparency with bitoftrade, so you neednโt worry about hidden costs! Youโll receive a full breakdown of the total fees required to complete a transaction before itโs executed.
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