When trading on Flipster Spot, a trading fee is charged for each completed transaction. This fee is automatically deducted at the time of the trade and is based on the Taker fee model.
What is a Taker Fee?
In spot trading, users are classified as either Makers or Takers:
-
Takers are traders who place orders that are immediately matched with an existing order in the order book. Since liquidity is taken out from the market, the corresponding fee also known as taker fee is charged to the user.
Standard Trading Fee for Regular Users
For basic users (non-VIP), a Taker fee of 0.05% applies to all Spot trades.
Examples
Let’s break this down with a few examples:
Example 1: Buying Crypto
You want to buy 1 ETH when the price is 2,000 USDT.
- Total trade value = 1 ETH × 2,000 USDT = 2,000 USDT
- Trading fee (0.05%) = 2,000 × 0.0005 = 1 USDT
Result: You will pay 2,001 USDT total (2,000 USDT for the ETH + 1 USDT trading fee).
Example 2: Selling Crypto
You sell 0.5 BTC at 100,000 USDT per BTC.
- Total trade value = 0.5 × 100,000 = 50,000 USDT
- Trading fee (0.05%) = 50,000 × 0.0005 = 25 USDT
Result: You will receive 49,975 USDT after the fee is deducted.
VIP Tier Discounts
Flipster offers reduced trading fees for users based on their VIP Tier status. The higher your VIP Tier, the lower the Taker fee you’ll pay.
You can refer to the full VIP Tier table and the associated fee discounts here: Trading Fees and the VIP Tier System.