CoinDCX always aims to provide a best-in-class trading experience for our community. And, today we are going live with yet another community-centric offering.
Introducing “exclusive negative fee tiers” on makers fees on your favorite INR pairs.
This offering will be available for both existing traders who enroll in the offer (through email sent on the registers email address) and new traders joining the platform using the link -> https://info.coindcx.com/signup?r=51361819
Here, we will explain “How Fee tiering on CoinDCX will help you gain more benefits on your INR trading?“
Every time when you are trading on the market of your choice you are either a Maker or a Taker. Let’s understand these terms before we move forward.
Maker: You immediately become a ‘maker’ when you place an order and it does not get matched instantly. hence it stays in the order book until some matches or fulfills it later, providing liquidity to the order book.
Taker: Takers are the one who takes liquidity away from the order book by taking the orders already placed in the order book.
Exclusive fee tiering is available for only Maker trades on the order book.
Going forward whenever you place an order on the order book (Maker or taker) – The Maker and Takers Fees charged are different for different exchanges, and fees offered by CoinDCX are one of the lowest in the market already.
How will the traders get up to -0.025% trading fee?
One of the major benefits of premium tiering in the INR market is that trades will become more profitable with each tier. This benefit is activated by taking advantage of a tiered based system that’s available to traders of all types. The benefits provided to the traders would be in the form of rebates calculated daily.
Rebate in trading is a certain discount, which is fulfilled through the return of a part of the spread or commission to the trader. Regardless of whether the trade is profitable or not, the trader still receives back a portion of the funds paid to the exchange for the trade.
The Fee tiering model is designed to be community-centric and each tier is designed to give traders more benefit:
|
Volume range (₹) |
maker fee (%) |
taker fee (%) |
|
|
0 |
50,000 |
0.100% |
0.100% |
|
50,000 |
250,000 |
0.085% |
0.100% |
|
250,000 |
2,500,000 |
0.070% |
0.100% |
|
2,500,000 |
25,000,000 |
0.05% |
0.100% |
|
25,000,000 |
50,000,000 |
0.025% |
0.100% |
|
50,000,000 |
100,000,000 |
0.000% |
0.100% |
|
100,000,000 |
150,000,000 |
-0.010% |
0.100% |
|
150,000,000 |
1,500,000,000 |
-0.025% |
0.100% |
As observed in the table, premium tiering benefits would start from the second tier itself. You can look into the benefits provided by the each tier below:
-
Premium Tier 2 will give a reduction of the Maker fees to 0.085%. A 15% savings.
-
Premium Tier 3 reduces this amount to 0.07% for the Maker. A 30% overall savings from the Basic membership plan.
-
Premium Tier 4 reduces the maker fees to 0.05%. A 50% savings on the fees.
-
Premium Tier 5 will reduce the maker fees to 0.025%. A whopping 75% savings in the fees.
-
Premium Tier 6 saves you 100% of the fees and charges 0% maker.
-
Premium Tier 7 is where it gets interesting and negative maker fees, come into play. The maker fees are now – 0.01% you will now start receiving a rebate for trading.
-
Lastly, Premium Tier 8 increases the negative maker fees to -0.025% and now you will be earning more money on each trade.
Note: This is a limited period offer! Selecting or eliminating anyone from the offering would be solely based on pre-set criteria decided by CoinDCX.
