Fee schedule

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

Trading and membership fees

Users who subscribe to a membership on Blocktrade are considered members. The Blocktrade membership is divided into different categories (tiers 1 to 3). A higher tier results in lower trading fees and other benefits. The Blocktrade memberships can be paid monthly or annually.

Paying the membership fee with BTT tokens lowers the price by 50%.

Retail memberships

No membership

• Trading fee: 0.30%

Basic membership

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

Advanced membership

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

Premium membership

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

Institutional memberships

Standard membership

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

Professional membership

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

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

Memberships 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 extensions and periodic billing as defined below.

Blocktrade will deduct the membership fees from the users’ available balance (if the BTT payment option is selected) during the 24 hours prior to the expiry of the membership, and again at expiry if any previous attempts were unsuccessful. If a deduction is not possible, the membership will cease automatically at 0:05 UTC and will have to be renewed manually by the users. Membership fees are deducted on the same day of the month/year. If the period starts at the end of a calendar month/year that 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 March 31, 2019, at 17:09 UTC, the initial payment in BTT (if the BTT payment option is selected) is deducted immediately from the users’ 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. The membership fees will be deducted on April 30, 2019, and again at 0:00 UTC on May 1, 2019, if any previous attempts were unsuccessful.
• (Assuming annual billing): If a membership package is purchased on February 29, 2020, at 17:09 UTC, the initial payment in BTT (if the BTT payment option is selected) is deducted immediately from the users’ available balance and the features associated with the selected membership tier become active. The billing period starts on March 1, 2020, at 0:00 UTC and lasts until March 1, 2021, 0:00 UTC. The membership fees will be deducted during February 28, 2021, and again at 0:00 UTC on March 1, 2021, if any previous attempts 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 rounded to two decimal places, and all crypto-assets are rounded to eight decimal places. 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.

Users may be charged by third parties that are outside of Blocktrade’s scope. Blocktrade is not liable for such charges.

FIAT

Depositing FIAT currencies is charged with the following fees:

• Credit card: 5%
• SEPA deposit: EUR 1.00
• Other FIAT deposits: EUR 1.00

Deposits made in a currency other than EUR (see the Blocktrade 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 the 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 a 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

Users may be charged by third parties that are outside of 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): 1.00 XLM + 0.50%
• Blocktrade Token (BTT): 5.00 BTT + 0.50%
• Basic Attention Token (BAT): 1.00 BAT + 0.50%
• Own (CHX): 1.00 CHX + 0.50%

FIAT

Withdrawals of FIAT currencies are charged with the following fees:

SEPA withdrawals: EUR 1.00

Other FIAT withdrawals: EUR 10.00 + 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 users’ available balance for the amount of the fee at the time that the order is matched.

There are no fees for orders that are placed but not filled.

Fees may vary between orderbooks. 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 treatment 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 the market-making document.