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      Posted by Poloniex Team on 2018-10-30 18:39:39

POLONIEX FEE SCHEDULE

Effective November 1, 2018

Set out below are the fees and transaction costs that apply when using our product:

  • Trading Fees
  • Deposit and Withdrawal Transaction Costs

What Are the Fees?

Trading Fee

In order to encourage robust liquidity and tighter spreads in our markets, Poloniex employs a volume-tiered, maker-taker fee schedule. Visit your Trading Tier Status page to track your progress.

Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule:

Maker Taker Trade Volume (trailing 30 day avg)
0.10% 0.20% < 500K USD
0.08% 0.20% ≥ 500K USD
0.06% 0.20% ≥ 1M USD
0.04% 0.20% ≥ 2.5M USD
0.02% 0.20% ≥ 5M USD
0.00% 0.20% ≥ 7.5M USD
0.00% 0.18% ≥ 10M USD
0.00% 0.16% ≥ 15M USD
0.00% 0.14% ≥ 20M USD
0.00% 0.12% ≥ 25M USD
0.00% 0.10% ≥ 30M USD

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 so 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

When you withdraw assets from your wallet, Poloniex will charge a flat fee to cover the cost of broadcasting a transaction to the network. You must therefore have enough assets in your account in order to transfer the assets out, net of any withdrawal transaction costs.

Note these fees can be viewed on the Deposits & Withdrawals page of your account.

To be considered for an alteration to this fee structure, please submit your request to
[support@poloniex.freshdesk.com]