Understanding fee calculations is crucial for managing your investments. Coins.ph uses VIP tiers based on monthly PHP trading volume, offering lower fees to high-volume traders.
How Trading Fees Are Calculated
Trading fees on Coins.ph are determined based on your monthly trading volume across all trading pairs. Here's a brief overview of how it works:
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Monthly Trading Volume: The total value of your trades within a 30-day period. It's important to note that cash ins and cash outs do not contribute to this volume.
For more information on monthly rolling trading volumes, please read: How does the Rolling Trade Volume (RTV) work? - Fee Structure: Fees are tiered based on your 30-day spot trading volume, with lower rates for higher volumes.
- VIP Level: Serves as the tier labels based on your 30-Day Spot Trading Volume. The system automatically updates your level as you reach new volume thresholds. You can read more about the Coins VIP center and how to monitor your VIP level.
Maker vs. Taker Fees Explained
- Maker Fees: These are applied to orders that add liquidity to the order book.
- Taker Fees: These are applied to orders that remove liquidity from the order book.
Learn more through our article about maker and taker fees.
VIP Fee Structure
For Spot Trading fees, please see the complete list on our Fee Rates page.
Example of Fee Calculation
To illustrate how fees are calculated based on your trading activity:
- Suppose you have a 30-day spot trading volume of PHP 100,000,000 (at VIP 5).
- The current ask price of BTC is PHP 2,000,000
- If you place a Limit Order to buy 1 BTC at PHP 1,950,000, this order will not execute immediately and will incur a maker fee of 0.05% of the trade amount:
Fee=1 BTC×PHP 2,000,000×0.0005=PHP 1,000
- Conversely, if you place a Market Order for the same amount of BTC at the current ask price of PHP 2,000,000, you will incur a taker fee of 0.09%:
Fee=1 BTC×PHP 2,000,000×0.0009=PHP 1,800
Tips to Reduce Your Trading Fees
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Increase Your Trading Volume
- Higher volumes unlock better VIP levels
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Monitor Your 30-Day Volume
- Track your progress toward next VIP level
- Plan larger trades strategically
Key Takeaways
- Higher Trading Volume = Lower Fees: As you increase your trading activity and reach higher tiers, your fees will decrease.
- Understanding Maker vs Taker Fees: The maker fee applies when you provide liquidity to the market (e.g., placing a limit order), while the taker fee applies when you take liquidity from the market (e.g., placing a market order).
Frequently Asked Questions
Can I see my current VIP tier?
- Go to the Coins.ph website
- Look for the User icon at the lower left of the screen
- Click on VIP Center to view your current VIP tier and trading volume.
When do my trading fees get charged?
Fees are deducted automatically at the time of trade execution. Partial filled orders are charged only on the portion filled.
Where can I find my current VIP status?
You can check your status on the VIP Center. Check our article here to know how to access the Coins VIP Center.