A taker fee for all BTC books and taker fee for all ETH and LTC books is collected on each trade during the day. At the end of the day (UTC 00:00), a rebate is calculated and issued. The amount of the rebate issued is calculated on the percentage of total exchange volume, per product, that a trader has participated in over the past 30 days.
For example, if 100 BTC was traded on COINSTEC's™ BTC/USD order book in the last thirty days and you accounted for 1.1 bitcoin, your account for more than 1% of the total volume and receive a rebate of 0.01% that day and pay an effective taker fee of 0.24%.
The rebate is issued in the quote currency.
How is exchange volume calculated?
Volume is defined as the amount of bitcoin that is traded, or “changes hands” on the exchange. For example, if 10 bitcoins are transacted between a maker and taker, then the total exchange volume is 10 bitcoin, and each party will have participated in 100% of trade volume.
Maker vs. Taker
When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee between 0.10% and 0.25% for BTC books and 0.10% and 0.30% for ETH books.
When you place an order, which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker and your fee will be 0%.
When you place an order that gets partially matched immediately, you pay a taker fee for that portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order. The fee is 0% for that part of the total order.
COINSTEC™ strives to be an affordable place to buy, sell, trade, store and use Bitcoin. We aim to have a transparent fee structure, without hiding any costs from our customers. The following fees may apply when using our products.
COINSTEC™ only levies a fee for local currency deposits in cases where we incur costs to receive your funds.
When you withdraw local currency from COINSTEC™ to your bank account, a small fee may apply. This admin fee is levied by our financial partners.
Sending and receiving Bitcoin
COINSTEC™ levies a nominal fee for send and receive Bitcoin transactions, regardless of the size of the transaction.
Buy or sell Bitcoin
When you use the Instant buy, or sell feature on the website or mobile application, we will show you the full price that you will pay for the transaction and no extra fees will be levied.