If you're new to trading on the WEEX exchange or simply want to better understand how much you're paying in fees, this guide is for you. Whether you're placing a spot order or entering a futures contract, knowing how trading fees are calculated on WEEX can help you optimize your trades and reduce unnecessary costs.
In this article, we’ll walk through:
- How spot trading fees work on WEEX
- How futures trading fees are calculated
- Real-world fee examples
- Tips to reduce trading costs
- FAQ on trading fees
🔹 What Are Trading Fees on WEEX?
Trading fees are charges imposed by the WEEX platform whenever you buy or sell assets through spot or futures trading. These fees help maintain the exchange’s infrastructure, liquidity, and services. On WEEX, fees are calculated based on the actual transaction value and can vary depending on your user level, trading volume, and whether you’re trading spot or futures.
📊 WEEX Spot Trading Fee Calculation
Spot trading is the direct buying and selling of cryptocurrencies. The fee on each spot trade is calculated using this formula:
✅ Formula:
Spot Trading Fee = Actual Transaction Amount × Fee Rate
💡 Example:
If you're buying 2 BTC at a price of $30,000 and the fee rate is 0.1%, then:
Transaction Value = 2 × $30,000 = $60,000
Trading Fee = $60,000 × 0.1% = $60
Important Notes:
- The trading fee is deducted in the base asset or the asset used for the transaction.
- If you're selling ETH/USDT, the fee is typically deducted in USDT.
- If you're buying BTC with USDT, the fee is deducted in BTC.
📉 WEEX Futures Trading Fee Calculation
Futures contracts allow you to speculate on the price movements of cryptocurrencies without owning the underlying asset. WEEX supports both USDT-margined and coin-margined futures. The fee structure for futures is slightly different.
✅ Formula:
Futures Trading Fee = Position Value × Fee Rate
Where:
Position Value = Open Price × Contract Size
💡 Example:
Imagine you're opening a long position with 5 BTC contracts at an open price of $25,000, and the fee rate is 0.02%.
Position Value = 5 × $25,000 = $125,000
Opening Fee = $125,000 × 0.02% = $25
Closing Fee = (Exit Price × Contract Size) × 0.02% (based on closing)
So if the price rises to $28,000 when you close:
Closing Value = 5 × $28,000 = $140,000
Closing Fee = $140,000 × 0.02% = $28
Total Fees Paid = $25 + $28 = $53
Note:
- For USDT-margined futures, both the opening and closing fees are paid in USDT.
- For coin-margined contracts (e.g., BTC/USD), fees are paid in the coin itself (BTC).
🧮 Fee Rate Tiers on WEEX
WEEX provides a tiered fee structure based on your VIP level or 30-day trading volume. The more you trade, the lower your fee rate.
Here’s a simplified example:
| VIP Level | Maker Fee | Taker Fee |
|---|---|---|
| VIP 0 | 0.1% | 0.1% |
| VIP 1 | 0.08% | 0.1% |
| VIP 5 | 0.05% | 0.07% |
Maker: Someone who adds liquidity by placing limit orders
Taker: Someone who removes liquidity by placing market orders
You can check your current fee tier and trade volume in your WEEX account dashboard.
🧾 How to View Your Fees on WEEX
To keep track of how much you’re paying in fees:
- Log in to your WEEX account
- Go to Orders > Trade History
- Check the Fee column for each trade
You’ll also find summaries in your Assets and Reports section.
💡 Tips to Reduce WEEX Trading Fees
- Increase trading volume to qualify for lower VIP levels
- Use limit orders to take advantage of lower maker fees
- Participate in fee promotions and bonus campaigns
- Join affiliate programs or use referral codes that offer discounts
- Avoid frequent small trades that accumulate higher fees
❓ Frequently Asked Questions
Q: Are there any hidden fees on WEEX?
A: No. All trading fees are transparent and shown before you confirm your order.
Q: Does WEEX charge deposit or withdrawal fees?
A: Deposits are generally free. Withdrawal fees depend on the coin and network used.
Q: Can I pay fees with WEEX tokens (if available)?
A: This depends on WEEX's future token model. Check official updates regularly.
🚀 Final Thoughts
Understanding how trading fees are calculated on WEEX helps you plan better, save on costs, and improve your trading performance. Whether you're a beginner or an advanced trader, knowing how spot and futures fees work allows you to make smarter decisions.
To get started or check the latest fees:
👉 Visit the WEEX official fee page
👉 Login to your WEEX dashboard for personalized info