Trading fee

Spot trading (EXCHANGE mode)

For crypto/fiat pairs, trading fee is zero.

For crypto/crypto pairs that were previously on Qryptos only:

  • 0.15% execution value for market taker
  • -0.075% execution value (rebate) for market maker 

If you choose to pay trading fee using QASH, there will be a 50% discount applicable only to crypto/crypto pairs for market takers.

However, please note that crypto/crypto pairs that were previously listed on Quoinex are currently zero fee/rebate (for takers & makers). 

List of zero fee crypto/crypto pairs.


Stablecoin Pairs

For stablecoin pairs, trading fee for pairs as below :

  • 0.05% execution value for market taker
  • 0.05% execution value for market maker


Flat Fee Structure

Selected pairs with flat fee structure as of 21 January 2019

  • 0.10% execution value for market taker
  • 0.10% execution value for market maker


Margin trading (MARGIN mode)

Trading fee for margin trades is 5 bps (0.05%) for all pairs. 

Regarding interest, a margin trader pays an “opening interest” at the moment the trade is started, and a “daily interest” at ~2200 UTC daily for as long as the trade is kept open. Both interests have one same rate which is decided by the lender.

Deposit fee

Crypto deposits

Liquid does not charge fees for crypto deposits at the moment.

Fiat deposits

Liquid does not charge fees for incoming fiat deposits. We credit to our customers what we receive from our banks and payment processors. If your deposit is not the full amount when credited to your Liquid account, the difference is always bank fee.

We are using the following banks and payment processors:

  • SBI Japan (JPY): local transaction fee
  • Swapforex (USD, AUD, SGD, EUR): zero fee
  • UAB Mistertango (EUR - for deposits within SEPA): Processing fee of 0.99 EUR is applied by UAB Mistertango. Note that if your account is also held at UAB Mistertango, zero fee is charged.

Swapforex itself is a payment processor, not a bank. Transactions processed by Swapforex are subject to fees and charges imposed by their banks, which are in this case Raiffeisen Poland and DBS Singapore.

Deposits should be made in the currency that you wish to fund your Liquid account. Each of our bank accounts is designed for one specific currency. Failure to do so might result in the conversion fee charged by the banks.

Withdrawal fee

Crypto withdrawals

Liquid does not charge fee for crypto withdrawals at the moment.

Fiat withdrawals

Withdrawal fee collected by Liquid for fiat payments is deducted into withdrawal amount. 

  • USD: 5 USD
  • SGD: 5 SGD
  • EUR: 5 EUR
  • AUD: 5 AUD
  • JPY: Liquid fee 500 JPY + local bank fee 216 JPY (applied only if recipient bank account is local)

Payment processor charges:

  • Swapforex: 35.25 USD equivalent per transaction
  • UAB Mistertango (SEPA payments only): 0.99 EUR per transaction, or zero if the beneficiary account is held at UAB Mistertango.

Lending fee

"Interest Payment Fee" is 50% of Interest Transfer and is collected by Liquid from the lender whenever Interest Transfer is credited.

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