New Switchable Fee Preferences
BitMEX has been listening to your feedback, and we are pleased to be the first Bitcoin exchange to offer a two-tier trading fee schedule! This new customization enables BitMEX to meet a wider variety of traders’ needs.
The types available are:
Some traders want to make fast trades for low fees, react to market movements quickly, and predict trends. For the active trader, BitMEX offers the Trader fee schedule. This fee schedule combines extremely low individual trade fees (0.005%) with a low insurance fee charged at the end of each session to cover margin risk. This is the default choice when creating a new BitMEX account.
- Flat Trading Fee: 0.005% (0.5 basis points)
- Insurance Fee: 0.015% (1.5 basis points) per 8-hour trading session
The Hedger fee schedule is more traditional for Bitcoin exchanges. It is tailored toward hedgers, arbitrageurs, and those who want to invest long-term without capital loss. This fee schedule is Maker/Taker and has higher trading fees than the Trader schedule, but has no recurring insurance costs. Contracts held under this fee schedule retain their full value until expiration.
If you are hedging Bitcoin liabilities for the duration of a contract’s lifetime, this fee schedule may be more favorable than the Trader schedule.
- Maker Trading Fee: 0.25% (25 basis points)
- Taker Trading Fee: 0.50% (50 basis points)
Choosing a Structure
Traders may choose which fee structure to apply to their account on the My Account page when logged in. You may only change your fee preferences when all your outstanding positions are zero.
If you have any concerns, please don’t hesitate to email us.