Understanding Biconomy’s spot trading fee structure, trading limits, and rules helps optimize your trading experience while ensuring compliance with platform policies. This article details Biconomy’s spot trading fees, transaction limits, and key trading rules.
Spot Trading Fees Overview
Biconomy adopts a transparent and straightforward fee structure for spot trading, catering to different types of traders. The platform follows a Maker-Taker model, with a standard 0.2% fee for both makers and takers:
1. Maker Fee (Market Maker)
•A fee for adding liquidity to the market, such as placing a limit order that is not immediately matched.
• Standard Rate: 0.2%
2. Taker Fee (Market Taker)
• A fee for removing liquidity from the market, such as placing a market order or an immediately matched limit order.
• Standard Rate: 0.2%
Spot Trading Limits
Biconomy imposes certain trading limits to maintain a fair and efficient trading environment.
1. Minimum Order Amount
Each trading pair has a minimum order volume, ensuring sufficient market liquidity and optimal execution. For example:
• BTC/USDT: 10 USDT
• ETH/USDT: 10 USDT
2. Daily Trading Limit
• No specific daily trading limit is imposed on spot trading.
Key Spot Trading Rules
3. Account Requirements
•Users must complete KYC verification to remove trading restrictions.
•Ensure that your spot account has sufficient funds before placing trades.
4. Supported Assets
• Biconomy offers a wide range of trading pairs, such as BTC/USDT, ETH/USDT, etc.
• You can check all supported trading pairs on the Spot Trading Page.
5. Trading Mechanism
• Orders are matched in real-time via the order book, ensuring market fairness and efficiency.
• Market Order: Executes immediately at the best available market price.
• Limit Order: Users can set a buy or sell price, and the order executes only when the market reaches the specified price.
6. Trading Restrictions
• Certain trading pairs may not be available in specific regions due to regulatory requirements. Please verify the availability of trading pairs in your region before trading.
How to Check Spot Trading Fees on Biconomy?
•You can check the trading fee details at the bottom of the fee section:
👉 https://www.biconomy.com/en/fee
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Frequently Asked Questions (FAQ)
7. What is the default fee for spot trading?
•The default maker and taker fees for Biconomy spot trading are 0.2%.
• For details, visit: https://www.biconomy.com/en/fee
8. What is the minimum order volume for spot trading?
•Minimum trading volume varies by trading pair. For example:
• BTC/USDT: 10 USDT
• ETH/USDT: 10 USDT
9. Are there any restrictions on spot trading?
• Certain trading pairs may be restricted due to regional regulations.
• It is recommended to check the list of supported pairs before trading.
10. What happens if my order is only partially filled?
• Partially filled orders remain as open orders until they are either fully executed or canceled.
•If an order does not get fully filled within the specified time, you can manually cancel or adjust the price.
Disclaimer & Risk Warning
Biconomy provides all trading guides for educational purposes only and does not constitute investment advice. The strategies and examples described are for reference only and may not reflect current market conditions. Cryptocurrency trading involves significant risk and may result in financial losses. Please fully understand the market risks before trading and make decisions based on your personal investment strategy. Biconomy assumes no responsibility for users’ trading decisions.