Dear BVOX User,
Regarding the contract fee structure and fee calculation of BVOX contracts:
I. Introduction to Contract Fees
Contract fees are the transaction fees charged to you when you place an order in trading. The fee structure varies for each type of transaction. Please refer to the latest fee rate standards on the BVOX official announcement or fee rate page for more information.
The main source of BVOX revenue comes from the transaction fees paid by users in trading, including contract trading and spot trading. This announcement will provide a detailed explanation of contract fee calculation and details.
II. Explanation of Contract Fees
Contract fees are calculated based on a simple percentage formula, which mainly depends on the product type of the transaction and whether the trader is a maker or a taker.
Maker: A maker is a trader who places an order at a specified price, which will not be immediately executed against other orders in the depth list. Instead, the order is placed in the depth list waiting for the counterparty to actively match it.
Taker: A taker is a trader whose buy price is greater than or equal to the sell price or whose sell price is less than or equal to the buy price. Such orders are immediately executed, reducing the market depth.
III. How to Calculate Contract Fees?
Formula for Contract Trading Fees:
Trading Fees = (Contract Quantity x Trading Price) x Trading Fee Rate
Example:
Trader A buys 1 BTCUSDT contract using a market order, while Trader B sells 1 BTCUSD contract using a limit order. If the final trading price is 40,000 USDT: Trader A's taker fee = 1 x 40,000 x 0.06% = 24 USDT Trader B's maker fee = 1 x 40,000 x 0.04% = 16 USDT
Thank you for your support of BVOX. We will continue to provide you with better products and services!
BVOX Team
Risk warning: The cryptocurrency market has high risks, please understand the risks and invest in products you are familiar with. Please carefully consider your investment experience, financial situation, investment objectives, risk tolerance and consult professional independent investment experts to make a decision before investing. The information presented on this page is for informational purposes only and should not be construed as any investment advice. Past earnings performance is not indicative of future earnings. You should be aware that the market value and returns of investment products fluctuate and you may lose the amount you invest. You are solely responsible for your investment decisions. BVOX is not responsible for any possible investment losses.
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