Our itBit exchange offers a simple fee structure with low rates. We have a maker-taker fee model where Maker orders like Post-Only orders (which add liquidity to the exchange) are subject to lower fees than Taker orders. This is to ensure that we are operating with a deep liquidity pool, which allows for better price discovery and a favorable trading environment for all customers.
Rebates: Customers with a 30-Day Trading Volume of more than USD 15,000,000 qualify for a rebate of 3 bps for Maker orders (see our Fee Structure below).
One basis point is equal to 1/100th of 1%
*SIngapore Dollar & Euro markets are no longer active markets and are therefore not shown in the fee structure matrix
Note: If you suspect that the fee calculation for Post-Only orders is not displaying
properly on your trading screen, please refer to our Fee Structure table.
Am I a Maker or a Taker?
Maker Order: Orders that add ("make") liquidity to an orderbook. You become a “maker” when you place an order and it does not execute immediately, instead, the order is placed on the order book until another counterparty matches the other side of the trade. This can be done using the “Post-Only” order type or strategically using the “Limit” order type, depending on the details of the order.
Take Order: Orders that remove ("take") liquidity from an order book. Taker orders will always incur a fee. You become a "taker" when you place an order that executes immediately and matches with an existing order on the order book. This can be done using the “Market” order type or strategically using the “Limit” order type, depending on the details of the order.