POLONIEX FEE SCHEDULE
Effective June 3rd, 2019
Set out below are the fees and transaction costs that apply when using our product:
- Trading Fees
- Deposit and Withdrawal Transaction Costs
What Are the Fees?
In order to encourage robust liquidity and tighter spreads in our markets, Poloniex employs a volume-tiered, maker-taker fee schedule. Visit your Trading Tier Status page to track your progress.
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule:
|Maker||Taker||Trade Volume (trailing 30 day avg)|
|0.15%||0.25%||< $25k USD|
|0.08%||0.20%||< $1m USD|
|0.05%||0.15%||< $2.5m USD|
|0.02%||0.13%||< $20m USD|
|0.00%||0.10%||≥ $20m USD|
What Does Maker-Taker Mean?
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes") the maker's order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own.
The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides.
Deposit and Withdrawal Transaction Costs
When you withdraw assets from your wallet, Poloniex will charge a flat fee to cover the cost of broadcasting a transaction to the network. You must therefore have enough assets in your account in order to transfer the assets out, net of any withdrawal transaction costs.
Note these fees can be viewed on the Deposits & Withdrawals page of your account.
To be considered for an alteration to this fee structure, please submit your request to
Bank Wire Fees
|Item||Fees||Details and disclosures|
|Bank Wire -
|No fees||Poloniex and its banking partners do not charge fees for tokenizations into your USDC account made in connection with the tokenization of US Dollars, provided that the wire is denominated in US Dollars. If you wire funds in another currency, Circle's banking partners may charge you a currency conversion fee and your tokenization will be converted at the applicable currency conversion rate of Circle's banking partners. You may also incur fees from your own bank. *|
|Bank Wire -
|$50||Poloniex will charge a fee if your bank wire is rejected and needs to be returned. Possible reasons for rejection include missing or misspelled reference numbers or attempting to deposit an amount in excess of your deposit limit.|
|Bank Wire -
|No fees||Poloniex and its banking partners do not charge fees for redeeming USDC for US Dollars and wiring funds to your bank account. You may incur fees from your own bank when receiving fuds, A minimum of $50 is required to redeem via bank wire.|