Bibox Futures: What is the futures fee structure and how is it calculated

Dear Bibox users:

About Bibox futures [What is the futures fee structure and how is it calculated]

1. Introduction of future trading fee

Futures trading fees are the transaction fee you charge when you trade.  Each type of fee structure is different, the latest standard rates please Bibox official announcement or latest rates page (https://www.bibox.com/en/rate-list) to check the formalities.

2. Description of future trading fee

Futures trading fees are calculated based on a simple percentage formula that depends largely on the type of product being traded and whether the trader is a Maker or Taker.

Maker: Can be understood as "hanging out of the deep zone."  It refers to that after placing an order at a specified price, because the price is high or low, other orders in the depth list will not be concluded immediately, but enter the depth list waiting for the other party to conclude the  trading.

Taker: Can be understood as' eating deep areas'.  When placing an order at the specified price, it immediately deals with the existing order in the depth list.

3. How to calculate the futures trading fee?

Futures  trading fees formula:

Trading commission

= (Contract quantity x  trading price) x  trading rate

= Order value x  trading rate

Note: Order value = contract quantity x  trading price

[Risk Warning]

There are huge risks in digital asset transactions. Please purchase with caution and pay attention to transaction risks. Bibox will select high-quality currencies, but will not assume any responsibility for guarantees, compensation, etc. for any of your transactions.

[Contact Us]

If you have any questions, you are welcome to contact us at any time (7*24) through the following methods.Wish you a happy transaction!

• Official Website: https://www.bibox.com
• Online Customer Service: Go to consult
• Official Email: [e-mail] or Submit a ticket
• Official English Telegram: https://t.me/BiboxExchangeEnglish

Bibox will continue to improve user trading experience and provide you with better services.

*Bibox reserves the right of final interpretation.