What is Trading Fee Balance?
The Trading Fee Balance is a separate USDT balance on the Exchange Plus that Clients may use to cover their trading fees.
How can I get funds on the Trading Fee Balance?
Funds on the Trading Fee Balance may be obtained for participating in activities that the Exchange Plus conducts. Stay tuned for announcements.
I have funds on the Trading Fee Balance. How can I use them?
If the Client has funds on the Trading Fee Balance, there are no additional steps required to activate it. The trading fees will be covered by the Trading Fee Balance in priority.
Where can I find my Trading Fee Balance?
The Client may find the Trading Fee balance in several places:
In the Place Orders section on the Trade page:
On the Finances Page:
Note: When hovering over the Trading Fee Balance on the Finances Page (or tap if using the mobile), the Client is able to see the tooltip with the information about accruals of the Trading Fee Balance and expiration date for each of them (some accruals may have a limited period for use).You may also use the Reports page to check the Trading Fee Balance changes (Balance tab):
Or Trading Fee Balance operations (Transactions tab) using the Account Type selector (choosing the Trading Fee account type):
Opening the order details, you may see the commission amounts that were charged from your trading account balance or Trading Fee Balance.
How can the Trading Fee Balance be used?
Trading Fee Balance can be used to cover commissions for orders on the Exchange Plus. When an order is executed, the corresponding commission amount is charged from the Trading Fee Balance in the equivalent of USDT at the current market rate.
In case if the amount on the Trading Fee Balance is not enough to fully cover the commission the maximum possible amount will be charged from the Trading Fee Balance, and the rest of the amount will be covered with the funds from the trading account balance.
Example: The Client placed an order with a commission of 10 USD and the Trading Fee Balance is 8 USDT. The current USDT-USD exchange rate is 1.0002. In a result, 8 USDT will be charged from the Trading Fee Balance and the amount of 10 - 8*1.0002 (which is about 2 USD) will be charged from the trading account balance
What happens when the funds on my Trading Fee Balance run out?
When the Client’s Trading Fee Balance is fully utilized, trading fees will be charged as usual from the trading account balance and the Trading Fee Balance will not be displayed.
Can I withdraw, move, or trade funds from the Trading Fee Balance?
No, funds on the Trading Fee Balance are not available for withdrawal or order execution. Clients are able to use it only to cover trading fees for orders.