FAQ - Trading
Newbie Guidance
Prediction Market
See all articlesCoinUp Prediction Market FAQ
To help users better understand and use CoinUp Prediction Market, we have compiled the following Frequently Asked Questions (FAQ).
I. Product Overview
1. What is CoinUp Prediction Market?
CoinUp Prediction Market is an innovative trading platform that allows users to trade based on the outcomes of real-world events.
Users can participate using USDT by purchasing:
- Yes
- No
to express their prediction regarding the outcome of a specific event.
Prediction markets cover a wide range of categories, including:
- Cryptocurrency
- Sports
- Politics
- Technology
- Culture
- Economy
When a market is settled:
- Winning positions will be settled according to the final market outcome;
- Losing positions will become worthless.
Market prices fluctuate in real time and reflect the collective expectations of participants regarding the probability of an event occurring.
2. How is Prediction Market different from traditional trading?
Traditional spot and futures trading primarily focus on the price movement of assets.
Prediction Markets, on the other hand, focus on the outcomes of specific events, such as:
- Will BTC exceed a certain price before a specified date?
- Will a particular team win a championship?
- Will a project successfully launch its mainnet?
- Will a specific policy be approved?
Users do not need to predict the magnitude of price movements; they only need to determine whether an event will occur.
II. Account & Funds
3. How do I participate in Prediction Market?
To participate:
- Register a CoinUp account;
- Complete KYC verification;
- Transfer USDT to your Prediction Wallet;
- Select a market and purchase Yes or No shares;
- Wait for settlement or close your position before settlement.
4. Why is KYC verification required?
Due to regulatory requirements in certain jurisdictions, Prediction Market services may not be available in some countries or regions.
To ensure compliance, users must complete KYC verification before participating in Prediction Market trading.
5. Why am I unable to transfer funds?
Possible reasons include:
- Open orders or active positions;
- Frozen assets in your account;
- Ongoing risk control review;
- Incomplete KYC verification;
- Transfer services temporarily suspended during system maintenance.
If the issue persists, please contact Online Support for assistance.
6. Why haven't my transferred funds arrived immediately?
The Prediction Wallet and Spot Account operate under separate asset management systems.
Transfer requests are typically processed within 10 minutes.
If your funds have not arrived after an extended period, please contact Online Support for assistance.
III. Trading Rules
7. What do Yes and No represent?
Yes
Indicates that you believe the event will occur.
No
Indicates that you believe the event will not occur.
For example:
Question:
Will BTC exceed 150,000 USDT before December 31, 2026?
- Buy Yes = You believe it will exceed 150,000 USDT;
- Buy No = You believe it will not exceed 150,000 USDT.
8. What does the market price represent?
The market price reflects the market's current expectation of the probability that an event will occur.
Prices fluctuate in real time based on trading activity between buyers and sellers.
9. Can I exit my position before settlement?
Yes.
You may sell your Yes or No shares at any time before market settlement.
The execution price will depend on the current market price and available market liquidity.
10. Why is my available balance insufficient?
The following assets may be temporarily unavailable:
- Funds currently used in open positions;
- Funds undergoing transfer or withdrawal processing;
- Funds under risk control review;
- Other frozen assets.
Frozen assets cannot be used for new trades.
11. Why am I unable to place trades?
Please ensure that:
- Your Prediction Wallet has sufficient balance;
- The market is open for trading;
- The event has not entered the settlement stage;
- KYC verification has been completed;
- Your account is not subject to risk control restrictions.
IV. Market Settlement
12. How are markets settled?
CoinUp determines market outcomes based on a combination of:
- Official data sources;
- Authoritative third-party data providers;
- Trusted oracle data;
- Professional review and verification procedures.
Each market will clearly specify its settlement rules and data sources in advance.
13. When will a market be settled?
Markets are generally settled as soon as the event outcome is confirmed.
In some cases, settlement may require additional time while waiting for:
- Official announcements;
- Final data confirmation;
- Manual review and verification.
The actual settlement time displayed on the market page shall prevail.
14. Why hasn't the market been settled even though the result is already known?
Possible reasons include:
- Awaiting final official confirmation;
- Disputed outcomes requiring further review;
- Data sources have not yet been updated;
- Ongoing risk control or verification procedures.
To ensure fairness, CoinUp will only settle markets after the outcome has been fully confirmed.
15. What happens if a market outcome cannot be determined?
Under special circumstances, such as:
- Event cancellation;
- Absence of official results;
- Conflicting data sources;
- Invalid or unverifiable events;
CoinUp reserves the right to:
- Declare the market invalid;
- Refund affected participants;
- Resolve the market according to the pre-defined market rules.
Any final resolution will be announced through official channels.
V. Market Creation & Review
16. Who can create a market?
Individual users, partners, and institutions may submit market creation requests.
Submissions should include:
- A clear event description;
- Well-defined settlement criteria;
- Reliable data sources;
- An estimated end date.
17. What are the review criteria for market approval?
CoinUp evaluates markets based on:
- Clarity of the event description;
- Verifiability of the outcome;
- Compliance with applicable laws and regulations;
- Market demand and relevance;
- Potential risks of manipulation.
Only approved markets will be listed for trading.
18. Can market rules be modified?
As a general principle, core market rules will not be modified after a market goes live.
However, under exceptional circumstances, such as:
- Changes in official data;
- Ambiguities in rule interpretation;
- Obvious factual errors;
CoinUp may issue clarification announcements.
Any updates or clarifications will be publicly disclosed.
VI. Fees & Promotions
19. What fees does Prediction Market charge?
Fee structures may vary across different markets.
A trading fee will be charged for each executed order based on the applicable fee rate of the corresponding market.
20. Are there any holding fees?
No.
There are no additional holding fees charged while positions remain open before settlement.
21. Will there be promotional campaigns or rewards?
CoinUp may periodically launch promotional events, including but not limited to:
- Trading competitions;
- Market creation rewards;
- Community engagement campaigns.
Please refer to official announcements for specific event details and rules.
VII. Risk Disclosure
22. Does Prediction Market involve risk?
Yes.
Prediction Market trading is subject to uncertainties related to real-world events, and market prices may fluctuate significantly.
Users should fully understand the applicable rules and risks before participating and make decisions based on their own risk tolerance.
CoinUp does not guarantee profits or investment returns. Users are solely responsible for any gains or losses resulting from their trading activities.
If you have any further questions, please contact CoinUp Online Support for assistance.
CoinUp Prediction User Guide
This guide provides step-by-step instructions to help you transfer funds, participate in prediction market trading, and manage your positions on CoinUp Prediction.
📱 App Version
Step 1: Access Prediction Market and Transfer Funds
Before participating in Prediction Market trading, you must first transfer USDT from your Spot Account to your Prediction Wallet.
Instructions:
1. Enter Prediction Market
Open the CoinUp App and tap [Prediction] on the homepage.
2. Open Wallet
Tap the [Wallet] button located in the lower-right corner.
3. Initiate a Fund Transfer
On the Wallet page, tap [Transfer In / Out] next to Total Assets.
4. Transfer Funds
Select [Transfer In], enter the amount of USDT you wish to transfer, and confirm the transaction.
Notes
- The minimum transfer amount is 1 USDT.
- Only USDT is supported for Prediction Market trading.
- Transfer requests are subject to system review and approval.
- Under normal circumstances, funds will be credited within 10 minutes.
- Actual processing times may vary depending on system reviews and network conditions.
Once completed, your updated balance will be displayed in your Prediction Wallet.
Step 2: Participate in Prediction Market Trading
After your Prediction Wallet has sufficient available balance, you can begin participating in prediction markets.
Instructions:
1. Select a Market Category
Browse and select a category that interests you, such as:
- Popular
- World Cup
- Latest
- Politics
- Economy
2. Enter a Market
Select a market to view its details.
For example: "World Cup: France Stage of Elimination"
3. Choose Trading Mode and Prediction Direction
CoinUp Prediction supports two trading modes:
Market Order
- Execute immediately at the current market price.
- Faster order execution.
Limit Order
- Set your preferred purchase price.
- The order will execute once the market reaches your specified price.
After selecting a trading mode, choose your prediction:
- Buy Yes – You believe the event will occur.
- Buy No – You believe the event will not occur.
4. Enter Trading Amount
Enter the amount you wish to participate with.
The minimum trading amount is subject to the amount displayed on the trading page.
The system will display:
- Current Market Price
- Estimated Win amount
5. Submit Your Order
Review the order details and click [Trade] to proceed.
Once the transaction is completed, your position will be displayed under:
Wallet → Positions
Tips
- Trading is available until the market enters the settlement phase.
- Prices fluctuate in real time based on market activity.
- Please review the market rules and settlement criteria carefully before trading.
Step 3: Exit a Position Early (Sell)
Instructions:
1. Select the Position You Wish to Sell
Under [Wallet] → [Active Positions], select the prediction market position you would like to exit.
2. Sell the Position
Tap [Shares to sell] in the lower-right corner and enter the number of shares you wish to sell.
3. Confirm the Transaction
Review the estimated proceeds and tap [Trade] to complete the sale.
After execution, your position will be reduced or fully closed.
Notes
- Sell orders execute based on the current market price.
- Early exits may result in either profits or losses.
- Settled markets cannot be sold.
- Trading will be suspended once a market enters the settlement phase.
💻 Web Version
Step 1: Access Prediction Market and Transfer Funds
Instructions:
1. Log in to CoinUp
Sign in to your CoinUp web account.
2. Enter Prediction Market
Click [More] → [Prediction Market] from the navigation menu.
3. Transfer Funds
On the Wallet page, tap [Transfer In / Out] next to Total Assets.
4. Enter Transfer Amount
Enter the amount of USDT you wish to transfer and confirm the transaction.
Notes
- Minimum transfer amount: 1 USDT
- Transfer requests are subject to system review
- Funds are typically credited within 10 minutes
- Actual processing times may vary depending on system review results
Step 2: Participate in Prediction Market Trading
Instructions:
1. Select a Market Category
Choose a category from the Prediction Market homepage.
Examples include:
- Trending Events
- FIFA World Cup
- Sports
- Politics
- Economy
2. Enter a Market
Select the market you wish to participate in.
For example: "World Cup: France Stage of Elimination"
3. Choose Trading Mode and Prediction Direction
CoinUp Prediction supports two trading modes:
Market Order
- Execute immediately at the current market price
- Faster order execution
Limit Order
- Set your desired purchase price
- The order will execute once the market reaches your target price
After selecting the trading mode, choose your prediction:
- Buy Yes – You believe the event will occur.
- Buy No – You believe the event will not occur.
4. Enter Trading Amount
Enter the amount you wish to trade.
Minimum participation requirements are subject to the amount displayed on the trading page.
The system will display:
- Current Price
- Estimated Win amount
5. Submit Your Order
After confirming all details, click [Trade] to place your order.
Upon successful execution, the following will be deducted from your Prediction Wallet:
- Trading Principal
- Applicable Trading Fees
Your active positions can be viewed under:
Wallet → Positions
Step 3: Exit a Position Early (Sell)
Instructions:
1. Select the Position to Sell
Locate the position you wish to exit.
Under Positions, click [Sell] on the far right side of the corresponding position.
2. Enter the Quantity
Enter the number of shares you wish to sell.
You may choose to:
- Sell all shares
- Sell part of your position
3. Confirm the Transaction
Review the order details carefully and click [Withdraw] to complete the sale.
Once the transaction is successful, the corresponding position will be reduced or fully closed.
Notes
- Positions may be sold at any time before market settlement.
- The execution price is based on current market conditions.
- Early exits may result in either profits or losses.
- Markets that have entered the settlement phase can no longer be traded.
- Settled markets cannot be sold.
Important Notice
- Please review all market rules and settlement criteria before participating.
- Market prices fluctuate in real time based on trading activity.
- You may sell your position before settlement to lock in profits or reduce risk.
- Markets entering the settlement phase will no longer accept trades.
- Prediction Market trading involves risk. Please participate responsibly according to your risk tolerance.
- Final settlement results are determined in accordance with the published market rules and official settlement announcements.
Need More Help?
If you encounter any issues while using CoinUp Prediction, please contact our online customer support team.
For more information, please refer to:
Thank you for supporting CoinUp Prediction.
CoinUp Team
Spot trading
See all articlesHow to Perform Spot Trading on CoinUp.io?
This article provides a step-by-step guide for performing spot trading on the CoinUp.io mobile app/website. Spot trading allows you to buy or sell cryptocurrencies at the current market price.
What is Spot Trading?
Spot trading is the direct purchase or sale of cryptocurrencies using available funds. It allows traders to instantly buy or sell assets like Bitcoin or Ethereum at current market prices. On CoinUp.io, spot trading offers competitive fees, a user-friendly interface, and access to a wide range of trading pairs, making it an ideal choice for both beginners and experienced traders.
App Version
How to perform Spot Trade on the CoinUp.io App?
Step 1: Navigate to the Spot Trading Section
1. On the CoinUp.io mobile app homepage, tap on Trade in the bottom navigation bar.
Step 2: Choose a Trading Pair
1. Use the search bar to find the crypto pair you wish to trade (e.g., BTC/USDT).
2. Tap on your desired pair to open the trading interface.
Step 3: Place an Order
Market Order: A market order is executed immediately at the current market price.
1. Select Market as the order type
2. Enter the total value you want to trade.
3. Click Buy or Sell, and your order will be executed instantly.
Example: To buy $100 worth of BTC, input "100 USDT" in the Total field.
Limit Order: A limit order allows you to set a specific price at which you want to buy or sell. The trade will execute only when the market price matches your set price.
1. Select Limit order as the order type.
2. Enter your desired price and the amount you wish to trade.
3. Tap Buy or Sell, and the order will be placed in the order book.
Example: To buy 1 BTC at $85,000, set the price to $85,000 and quantity to 1 BTC.
4. Monitor your order under the Orders tab to see when it is filled.
Step 4: Check Your Order History
After placing an order, you can track its status and view past transactions:
1. Tap Orders to see active or unfulfilled orders.
2. Click Order Details indicated with a clock/document icon and select Order History to review completed or canceled trades.
Web Version
How to Spot Trade on the CoinUp.io Website?
Step 1: Navigate to the Spot Trading Section
1. Click Spot in the top navigation bar.
Step 2: Choose a Trading Pair
1. On the trading interface, locate the search bar in the top-left corner.
2. Type the name of the cryptocurrency pair you wish to trade (e.g., BTC/USDT) and select it from the list.
Step 3: Place an Order
Market Order: A market order is executed immediately at the current market price.
1. Select Market as the order type from the order panel on the right-hand side.
2. Click Buy or Sell, and your order will be executed instantly.
Limit Order: A limit order allows you to set a specific price at which you want to buy or sell. The trade will execute only when the market price matches your set price.
1. Select Limit as the order type from the order panel.
2. Enter your desired price and the quantity you wish to trade.
3. Click Buy or Sell, and the order will be placed in the order book.
Example: To buy 1 BTC at $85,000, set the price to $85,000 and quantity to 1 BTC.
4. Monitor your order under the Orders tab to see when it is filled.
Step 4: Check Your Order History
After placing an order, you can track its status and view past transactions:
1. Go to the Open Orders to see active or unfulfilled orders.
2. Choose Order History to review completed or canceled trades.
Tips for Spot Trading on CoinUp.io
1. Market Orders: Use these for quick trades but note that they execute at the best available price, which may vary slightly due to market volatility.
2. Limit Orders: Ideal for setting strategic entry or exit points without constantly monitoring the market.
3. Manage Risk: Avoid trading with funds you cannot afford to lose.
4. Stay Updated: Monitor market trends and news for informed trading decisions.
FAQs
1. What is the minimum amount for spot trading on CoinUp.io?
The minimum trading amount varies depending on the trading pair. Refer to the pair’s trading rules for specifics.
2. What fees are applied to spot trading?
CoinUp.io offers competitive fees. Check the Fees Schedule for the latest rates.
3. Where can I view my trade history?
Open the Trade > Orders tab in the app and select Order History icon.
4. Can I cancel a pending order?
Yes, go to the Open Orders tab, locate the order, and tap Cancel.
Futures trading
See all articlesHow to Use CoinUp.io Contract AI Market Prediction?
This feature is designed to help users quickly and accurately understand market trends and current conditions. On the K-line chart page, users can submit the current chart data to the built-in AI analysis engine with a simple tap to receive an instant trend overview and trading reference suggestions.
Use Cases
When users encounter difficulties while analyzing K-line movements and want a professional explanation.
When users want quick confirmation of their own judgment or need additional market insights.
📱 App Version
How to Use AI Market Prediction on the CoinUp.io APP
Step 1: Open the K-line Chart Page in Futures Trading
Select any futures trading pair from the main trading page. The K-line chart area displays market price movement, technical indicators, and depth information—serving as the core interface for market analysis.
Step 2: Tap the “AI Analysis” Button
The AI Insight button is located above the K-line chart or within the trading function panel.
Tapping it tells the system to analyze the current market data and generate a professional reference strategy.
Step 3: System Captures Market Data and Performs Intelligent Scanning
A short scanning animation will appear, indicating that the system is reading market data.
AI automatically collects the following (no action required from the user):
Current price and recent fluctuations
K-line patterns and market structure
Technical indicator signals (MACD, KDJ, etc., if enabled)
Key support and resistance levels
The entire process takes only 1–2 seconds.
Step 4: Review the AI Multi-Dimensional Market Analysis
Once completed, the interface will display a detailed AI analysis that may include:
Market Trend Direction
Identifies whether the market is bullish, bearish, or ranging, with strength indicators.
Key Support & Resistance Levels
Highlights major price zones for potential rebounds or rejections.
Risk Alerts & Structural Diagnostics
Based on volatility and indicator shifts, AI may provide:
Risk-increase warnings
Unusual movement alerts
Reasons to exercise caution
Strategy Insights & Operational Suggestions
(Not financial advice)
Includes short-term and mid-term references:
Potential buy/sell signals
Suggested target/stop-loss ranges
Intraday directional bias (bullish, bearish, or range-bound)
Step 5: Additional Actions & Interactive Features
Users can also:
Copy analysis results for sharing or record-keeping
Voice playback of the analysis
Re-analyze after market movement updates
History to review past AI outputs
Quick trade shortcut to jump into the trading interface
💻 Web Version
How to Use AI Market Prediction on CoinUp.io Web
Step 1: Open the K-line Chart Page
Choose any trading pair from the futures trading page.
The AI Insight button is also located above the K-line chart or within the feature panel.
Step 2: System Scanning and AI Analysis Generation
The system will automatically scan relevant data:
Price & volatility
K-line patterns
Indicator signals
Support & resistance
Step 3: Additional Actions
Users can:
Copy analysis results for sharing or record-keeping
Voice playback of the analysis
Re-analyze after market movement updates
History to review past AI outputs
Quick trade shortcut to jump into the trading interface
Frequently Asked Questions (FAQs)
Q1: Can I copy or share the AI analysis?
Yes. Users can copy the results or share them with friends, groups, or communities.
Q2: Does the system support reading analysis aloud?
Yes. The “Read Aloud” button allows the system to voice the results—useful while driving, exercising, or when reading is inconvenient.
Q3: Can I re-analyze or check previous analyses?
Yes.
Re-analyze: Refresh market data and update the output
History: Review previous AI analyses
New pair session: Switch to another trading pair for independent analysis
Q4: Can I place an order directly after AI analysis?
Yes. A “Trade Now” button appears below the AI output for quick order execution.
Q5: Is the AI market prediction feature free?
Yes. Every user gets 3 free analyses per day.
Q6: What if I use up all free analyses?
You can continue using AI analysis unlimited times if:
Your spot account total asset value ≥ 100 USDT
No fees or deductions will be applied.
Q7: Will AI analysis affect my funds?
No. AI only reads market data. It does NOT initiate trades or deduct any fees.
Q8: How can I get more accurate AI results?
Enable common technical indicators on the K-line chart, such as:
MACD
KDJ
RSI
This allows AI to capture more structural and momentum signals.
Disclaimer
The CoinUp.io futures trading tutorials are for educational purposes only and do not constitute investment advice.Strategies and examples are illustrative and may not reflect actual market conditions. Cryptocurrency trading involves high risk and may result in financial loss. Past performance does not guarantee future results.Please fully understand the risks before trading. CoinUp.io is not responsible for any trading decisions made by users.
What is and How to Perform Futures Trading?
This article explains Futures Trading, a type of cryptocurrency futures trading on CoinUp.io. The guide includes instructions for both the CoinUp.io Mobile App and the CoinUp.io Website to help you get started.
What is Futures Trading?
Futures Trading is a type of financial trading where traders do not actually own the cryptocurrency itself. Instead, they speculate on the price movement of the cryptocurrency through contracts.
Key Features:
Leverage: Allows you to open larger positions with a smaller margin.
Two-way Trading: You can go long (profit from rising prices) or go short (profit from falling prices).
Settlement: Profits and losses are calculated based on the difference between the entry and exit prices, not actual ownership of the asset.
Risk and Reward: Leverage magnifies both potential profits and potential losses, which can lead to liquidation if the market moves against your position.
_____________________________________________________________________________________________
📱 App Version
How to Start Futures Trading on CoinUp.io Mobile App?
Step 1: Navigate to the Futures
1. On the CoinUp.io mobile app homepage, tap on Futures in the bottom navigation bar.
Step 2: Choose a Trading Pair
1. Use the search bar to find the crypto pair you wish to trade (e.g., BTC/USDT).
2. Tap on your desired pair to open the trading interface.
Step 3: Configure Trade Settings and Place Your Order
1. Select the Margin Mode:
- Cross Margin: Uses your entire account balance as collateral for all positions.
- Isolated Margin: Limits collateral to the specific position you open.
2. Tap on Leverage to adjust the Multiplier for your trade.
3. Choose the Order Type
4. Enter the order details and tap Open long (if you expect the price to rise) or Open short (if you expect the price to fall).
5. Input Quantity & Selectable Unit Types
Contracts: Standard contract quantity, e.g., 1 contract = 0.001 BTC
USDT: Place orders based on the amount in USDT
Coin Units: Such as BTC / ETH / SOL, automatically adapted based on the trading pair
6. Confirm the order.
Step 4: Monitor and Manage Your Position
1. Go to the Positions tab to track open trades.
2. Use Close Position to exit a trade when desired.
💻 Web Version
How to Start futures Trading on CoinUp.io Website?
Step 1: Navigate to the Futures
1. Click on Futures in the top menu.
Step 2: Choose a Trading Pair
1. In the Futures section, search for your desired trading pair (e.g., BTCUSDT, ETHUSDT).
Step 3: Configure Trade Settings and Place Your Order
1. Select the Margin Mode:
- Cross Margin: Uses your entire account balance as collateral for all positions.
- Isolated Margin: Limits collateral to the specific position you open.
2. Click Leverage and adjust the Multiplier for your trade.
3. Choose Order Type
4. Enter the order details and select Open long or Open short based on your market expectations.
5. Input Quantity & Selectable Unit Types
Contracts: Standard contract quantity, e.g., 1 contract = 0.001 BTC
USDT: Place orders based on the amount in USDT
Coin Units: Such as BTC / ETH / SOL, automatically adapted based on the trading pair
Step 4: Monitor and Manage your Position
1. Navigate to the Positions tab in the trading interface to view open trades.
2. Use the Close button to exit your trade.
Important Tips for Futures Trading
- Understand leverage risks: Higher leverage magnifies both profits and losses. Trade responsibly.
- Use TP/SL features: Set Take-Profit and Stop-Loss levels when placing your orders to automate exits based on predefined profit and loss thresholds.
- Monitor liquidation risks: Maintain a healthy margin ratio to avoid forced liquidation.
- Stay informed: Regularly check market trends and price movements to adjust your strategy.
FAQs
-
What is the minimum amount required for futures trading?
The minimum amount depends on the trading pair and margin requirements. Check the trading interface for specific details. -
How does margin work in futures?
Margin is collateral deposited in USDT to maintain your positions. You can choose between cross margin and isolated margin modes. -
What happens if my margin ratio falls too low?
If your margin ratio drops below the maintenance level, your position will be liquidated. -
Can I trade futures on both the app and website?
Yes, USDT-M futures trading is supported on both the CoinUp.io app and website, with similar features. -
Can I change leverage after opening a position?
Yes, you can adjust leverage for open positions, but the changes affect risk and margin requirements.
Disclaimer and Risk Warning
All trading tutorials provided by CoinUp.io are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. CoinUp.io is not responsible for any trading decisions made by users.
Understanding CoinUp.io Contract Fees: Taker vs. Maker Explained
When trading contracts on CoinUp.io, the fee you pay depends on whether you are a Taker (liquidity taker) or a Maker (liquidity provider). What does this mean?
- When are you a Taker (paying a 0.06% fee)?
- When you place an order that is immediately matched against an existing order on the market. This means you are "taking" liquidity from the market.
- When are you a Maker (paying a 0.02% fee)?
- When you place an order that does not fill immediately, but instead enters the order book, waiting for someone else to match it. This means you are "making" or adding liquidity to the market.
What if an order is only partially filled? It's simple: The part of the order that fills immediately is charged the Taker fee (0.06%). The remaining part that enters the order book and fills later is charged the Maker fee (0.02%) upon execution.
Key Points to Remember:
- Fees are charged for both opening and closing a position.
- Fees are calculated based on your transaction volume.