Categories: Ethereum

HitBTC Massively Lowers Its Trading Fees

Click here to view original web page at
Photo: Shutterstock

HitBTC recently in a press release announced that they are lowering the exchange trading fees, presenting a new fee adjustment system. The fees have been lowered as much as 1,3%.

HitBTC which is a leading cryptocurrency exchange just announced in a press release that they are lowering the trading fees on their platform to a “market-leading lows”. By doing this, HitBTC has repositioned as one of the most beneficent places to trade crypto. The exchange has come up with a “maker-taker” fee tier system. This is a very common practice in the industry which, basically, means that the users who generate more liquidity, get rewarded.

“When a user places a buy or sell order that is outside of the existing range on the order books, they are in effect making liquidity. By doing this they are paving the road for further asset movement on the exchange, whereas, if a user completes an order that already exists on the books, they are in effect taking liquidity off the board,” reads the release.

Considering all this, HitBTC wants all of its users to receive benefits when trading with them, so they massively lowered the fees for operations under 10 BTC. Previously, the fees for makers were 0,1% and 0,2% for takers, but now these figures have been lowered to 0,07 to both. That makes it a massive rate cut, especially for takers.

Here is an explanatory image of how the tier system is going to work:

Photo: HitBTC Blog

However, to be eligible to use this fee system, you have to have an account with 30 days of trading volume. That’s not 30 days of account existence, but 30 days of actual trading. Also, only upgraded accounts can apply to this tier system. As for starter and general accounts are left with the old fee system which is a fixed rate of 0,1% for Makers and 0,2% for Takers, as mentioned above. HitBTC backs it’s incentive by saying that they want to “reward community members for high volume trading.”

Example: The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total.

HitBTC is one of the leading cryptocurrency exchanges and started operating as early as 2013. The exchange offers more than 800 crypto trading pairs. HitBTC has a daily volume of almost $700 million and the most used trading pair is BTC/USDT with a daily volume of $241 million. It also offers trading pairs with cryptocurrencies such as Ethereum, Litecoin, Tron, EOS, and others.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Tom Lee: Another Big Leap for BTC Is Coming

Well, it looks like Tom Lee is back in the news, and when you really think about it, why shouldn’t… Read More

5 hours ago

Graeme Moore Publishes Bitcoin Book for Kids

A new book has emerged to teach children about bitcoin. Known as “B Is for Bitcoin,” the book shows children… Read More

5 hours ago

Key Technical Indicator Signals Bitcoin is Gearing Up for a Big Move

After inching higher yesterday, Bitcoin faced a somewhat strong rejection at just above $10,400, which has brought the cryptocurrency down… Read More

5 hours ago

Day Trading is a Great way to get Rekt, Study Finds

Making money in the financial or cryptocurrency world isn’t as easy as one might think. The volatility of Bitcoin and… Read More

5 hours ago

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180%… Read More

5 hours ago

The Story Behind ‘B is for Bitcoin,’ an ABC Book for Kids

While writing B is for Bitcoin , an ABC children’s book about cryptocurrency, author Graeme Moore had an epiphany—children don’t… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More