POLONIEX FEE SCHEDULE
Effective January 8, 2020
Set out 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
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|
|2||$50K - $1M||0.075%||0.075%|
|3||$1M - $10M||0.040%||0.070%|
|4||$10M - $50M||0.020%||0.065%|
|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.
Poloniex will charge a fee of 15% of earned interest by the lending customer.