Trading fees will be based on your VIP level - which overall depends on your 30 day spot trading volume. For example, if your trading volume reaches PHP 10,000,000, your trades will be charged a 0.10% maker fee or 0.15% taker fee. Please refer to the VIP tier eligibility for Spot Trading below:
|
VIP Fee Tier |
30-Day Spot Trading Volume (PHP) |
Maker |
Taker |
|
VIP 0 |
- |
0.25% |
0.30% |
|
VIP 1 |
≥ 500,000PHP |
0.22% |
0.27% |
|
VIP 2 |
≥ 1,000,000 PHP |
0.18% |
0.24% |
|
VIP 3 |
≥ 2,500,000 PHP |
0.15% |
0.20% |
|
VIP 4 |
≥ 5,000,000 PHP |
0.12% |
0.18% |
|
VIP 5 |
≥ 10,000,000 PHP |
0.10% |
0.15% |
|
VIP 6 |
≥ 100,000,000 PHP |
0.08% |
0.12% |
|
VIP 7 |
≥ 500,000,000 PHP |
0.07% |
0.09% |
|
VIP 8 |
≥ 1,000,000,000 PHP |
0.06% |
0.07% |
|
VIP 9 |
≥ 2,500,000,000 PHP |
0.05% |
0.05% |
Note that maker fees are applied to orders that provide liquidity on the order book while taker fees are applied to orders that take away liquidity.
To provide a general scenario, let’s suppose that the current ask price of BTC is PHP 2,000,000 and your 30 day spot trading volume is PHP 10,000,000.
If you create a Limit Order to buy 1 BTC at PHP 1,950,000, it will not be executed immediately and your Limit order stays on the order book. Once the ask price reaches PHP 1,950,000, your order is executed and you are charged with a maker fee of 0.001 BTC (0.10% of the 1 BTC you were able to buy).
Alternatively, if you initiate a market buy order of 1 BTC, your order will be executed immediately. You will be charged with a taker fee of 0.0015 BTC (0.15% of the 1 BTC you were able to buy).
Contact us through the Coins app or Coins Support Form should you need any further assistance.