FEE & COST SCHEDULE

This document determines the rates of fees Blocktrade charges for the Services and other costs regarding the use of the Services. In case of discrepancies between this document and other material published by Blocktrade or any third-party, this version shall prevail.

Trading and Membership fees

Users that subscribe to a membership on Blocktrade are considered Members. Membership is divided into different categories (Tier 1-3). Higher Tier results in lower trading fees and other benefits. Membership has an annual commitment but can be paid monthly.

Using BTT token for payment of the membership fees lowers the price by 50%.

RETAIL MEMBERSHIP

No membership

  • Trading Fee: 0.15%*

Basic Membership

  • EUR 29.00 monthly / EUR 290.00 annually OR
  •     
  • EUR 14.50 monthly / EUR 145.00 annually worth of BTT tokens**
  •     
  • Trading Fee: 0.08%

Advanced Membership

  • EUR 129.00 monthly / EUR 1290.00 annually OR
  •     
  • EUR 64.50 monthly / EUR 645.00 annually worth of BTT tokens**
  •     
  • Trading Fee: 0.04%

Premium Membership

  • EUR 1,000.00 monthly / EUR 10,000.00 annually OR
  •     
  • EUR 500.00 monthly / EUR 5,000.00 annually worth of BTT tokens**
  •     
  • Trading Fee: 0.01%

INSTITUTIONAL MEMBERSHIP

Standard Membership

  • EUR 1,000.00 monthly / EUR 10,000.00 annually OR
  •     
  • EUR 500.00 monthly / EUR 5,000.00 annually worth of BTT tokens**
  •     
  • Trading Fee: 0.05%

Professional Membership

  • EUR 10,000.00 monthly / EUR 100,000.00 annually OR
  •     
  • EUR 5,000.00 monthly / EUR 50,000.00 annually worth of BTT tokens**
  •     
  • Trading Fee: 0.01%

* decreased trading fee is valid until 31.10.2018, after that date the trading fee is 0.30%

** The exchange rate BTT/EUR for payments in BTT is calculated dynamically as a 7-day simple moving average price, whereas the daily reference price is the EUR price at 0:00 UTC.


Membership can be purchased at any time, whereas the billing period starts at 0:00 UTC on the day following the purchase. This does not apply to automatic extension / periodic billing as defined below.

Blocktrade will deduct membership fees from Users' Available Balance (if BTT payment option is selected) during the 24h prior to the expiry of the membership, and again at expiry if the previous attempt(s) were unsuccessful. If a deduction is not possible, the membership will cease automatically at 0:05 and will have to be renewed manually by the User. Membership fees are deducted on the same day of the month/year. If the period starts at the end of a calendar month/year which contains more days than the next succeeding month/year, the period expires at the end of the latter month/year. For example:

  • (Assuming monthly billing): If a membership package is purchased on Mar 31, 2019, at 17:09 UTC, the initial payment in BTT (if BTT payment option is selected) is deducted immediately from the User's Available Balance and the features associated with the selected membership tier become active. The billing period starts on Apr 1, 2019, at 0:00 UTC and lasts until May 1, 2019, 0:00 UTC. Membership fees will be deducted during Apr 30, 2019, and again at 0:00 UTC on May 1, 2019, if the previous attempt(s) were unsuccessful.
  • (Assuming annual billing): If a membership package is purchased on Feb 29, 2020, at 17:09 UTC, the initial payment in BTT (if BTT payment option is selected) is deducted immediately from the User's Available Balance and the features associated with the selected membership tier become active. The billing period starts on Mar 1, 2020, at 0:00 UTC and lasts until Mar 1, 2021, 0:00 UTC. Membership fees will be deducted during Feb 28, 2021, and again at 0:00 UTC on Mar 1, 2021, if the previous attempt(s) were unsuccessful.

High-Frequency Traders and others in need of higher API limits can reach out to [email protected] to get a quote for higher API limits

The same trading fee within the same Tier applies to all Trading Pairs

Fees are always calculated as a percentage of the trade's Quote Asset volume

Fees are calculated to decimal places that reside with a single Asset. All FIAT currencies are calculated on two decimals and all Crypto-Assets are calculated on 8 decimals. If any fee exceeds this decimal limitation, the fee is rounded up to one digit on the last decimal. For example:

  • If the fee for the Trading pair BTC/EUR is EUR 1.234, the fee is rounded up to EUR 1.24.
  • If the fee for the Trading pair BTC/ETH is ETH 3.876543214, the fee is rounded up to ETH 3.87654322.
  • If the fee for the Trading pair ETH/LTC is LTC 2.766764572, the fee is rounded up to LTC 2.76676458.

Deposit fees

Crypto-Assets

There are no fees for depositing Crypto-Assets.

User may be charged by third parties that are outside Blocktrade's scope. Blocktrade is not liable for such charges,

FIAT

Deposits of FIAT currencies are charged with fees as follows:

  • Credit card: 5%
  • SEPA deposit: EUR 1 
  • Other FIAT deposits: EUR 1

Deposits made in a currency other than EUR (see Rulebook for available currencies) are subject to automatic conversion to EUR upon receipt in accordance with our payment provider's policies and exchange rates.

FIAT deposit rerouting

If for any reason, a FIAT deposit does not meet Blocktrade KYC and/or AML standards (account holder name mismatch, misspecified message, misspecified account number etc.), the deposit will be returned to the sending account. Such action incurs EUR 10 fixed fee. Erroneous deposits of less than EUR 10 will not be rerouted. Normal deposit and withdrawal fees do not apply in such cases.

Withdrawals

User may be charged by third parties that are outside Blocktrade's scope. Blocktrade is not liable for such charges.

Crypto-Assets

  • Bitcoin (BTC): 0.00005 BTC + 0.50%    

  • Ether (ETH): 0.003 ETH + 0.50%

  • Bitcoin Cash (BCH): 0.00001 BCH + 0.50%

  • Litecoin (LTC): 0.0007 LTC + 0.50%

  • Ripple (XRP): 0.00005 XRP + 0.50% 

  • Stellar (XLM): 1 XLM + 0.50%

  • Blocktrade Token (BTT): 5 BTT + 0.50%

  • Basic Attention Token (BAT): 1 BAT + 0.50%

  • Own (CHX): 1 CHX + 0.50%

FIAT

Withdrawal of FIAT currencies are charged with fees as follows:

    

  • SEPA withdrawals: EUR 1    

  • Other FIAT withdrawals: EUR 10 + 0.10%

Miscellaneous

Blocktrade charges a fee for each Order that is matched on the Orderbook. The fee is charged in the Quote Asset and is calculated as a percentage of the Order quantity.

The fee is charged by debiting the User’s Available Balance for the amount of the fee at the time that the Order is matched.

There is no fee for Orders placed to the Orderbook which are not filled.

Fees may vary between Order books. The current fee rates can be found at fee-schedule

All Users in the same Membership Tier pay the same trading fees. Blocktrade does not provide preferential or discounted fees.

Members who provide liquidity to the Orderbook (are acting as Market Makers) can be exempt of the Membership fee if they meet the requirement described in Market Making document.