At SunCrypto, we’ve heard your feedback and are excited to introduce a new and improved crypto fee structure for our INR and USDT futures markets. This isn’t just a small change—it’s a major upgrade designed to make high-volume trading benefits accessible to everyone, from beginners to experienced traders.
Upgraded VIP Program and Crypto Fee Structure
Our new crypto fee structure streamlines the VIP program across Levels 0 to 7, offering steeper discounts on maker and taker fees for both INR and USDT markets.
As you advance through the levels, your fees drop significantly. For example, the Crypto Futures INR taker fee starts at 0.0700% at VIP Level 0 and goes as low as 0.0050% at the top VIP Level 7, and vice versa for Crypto Futures USDT.
The best part? We’ve dramatically lowered the 30-day trading volume requirements to maintain each VIP level—by almost 10 times.
Why Did SunCrypto Make This Change?
Our previous crypto fee structure had a significant drawback: the 30-day trading volume thresholds were extremely high. For instance, to be at VIP Level 0, you needed a massive trading volume of over ₹17.6 crore. This was a huge barrier, even for dedicated traders, making it difficult to progress and earn fee reductions.
We recognized that our traders needed a system that would fuel their success, not hold them back. This new structure is our solution, designed to make rewards more attainable and your trading journey more rewarding.
Types of Crypto Fees Structure on SunCrypto
SunCrypto primarily has three types of fees: spot trading fees, and futures trading fees. These fees are designed to cover the costs of using the platform and processing transactions.
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- Spot Trading Fees: This is the fee charged when you buy or sell cryptocurrencies. SunCrypto’s trading fee is 0.5% on the buy and sell of the transaction amount. The 0.5% fee applies to the majority of coins, and the trading fee is inclusive of 18% GST.
- Example: If you buy Bitcoin worth ₹10,000, a trading fee of 0.2% would be ₹20.
- Withdrawal Fees: This fee is for moving crypto assets from your SunCrypto wallet to an external wallet. SunCrypto’s support page states that the exchange itself does not charge a withdrawal fee. However, a separate network fee is charged.
- Futures Trading Fees: A tiered fee structure for futures trading is common among cryptocurrency exchanges. It works by rewarding traders with lower fees as their trading volume increases. This model is often referred to as a maker-taker model.
- Spot Trading Fees: This is the fee charged when you buy or sell cryptocurrencies. SunCrypto’s trading fee is 0.5% on the buy and sell of the transaction amount. The 0.5% fee applies to the majority of coins, and the trading fee is inclusive of 18% GST.
How It Works: Maker and Taker Fees?
- Maker Fee: This is the fee charged when you place a limit order that is not immediately filled. By adding an order to the order book, you are “making” liquidity, and exchanges often reward this behavior with lower fees.
- Taker Fee: This is the fee charged when you place a market order that is filled instantly by an existing order on the book. You are “taking” liquidity, and these fees are typically higher than maker fees.
Example:
- You are a VIP 0 trader with a 30-day trading volume of $500,000.
- You place a market order to buy a futures contract worth $10,000.
- Since you are a taker, your fee would be 0.080%. The total fee would be $10,000 * 0.00080 = $8.
Now, imagine your trading volume increases to $1.8 million over the next 30 days, moving you to VIP 2.
- You place another market order to buy a futures contract worth $10,000.
- Your new taker fee is 0.060%. The total fee would be $10,000 * 0.00060 = $6.
As you can see, by moving up to a higher VIP level, your trading fees are reduced, allowing you to save money on every trade. This tiered system incentivizes higher trading volume by rewarding users with lower costs.
How Does This Benefit You?
The new crypto fee structure is built to enhance your futures trading experience and boost your portfolio. Here’s what you can expect:
- Easier VIP Progression: With significantly reduced volume requirements, you can move up VIP levels and unlock benefits much faster.
- Greater Savings: Enjoy up to a 77% trading fee discount at higher VIP levels, which directly increases your net returns on every trade.
- More Frequent Rewards: Lower thresholds mean you reach new milestones and get rewarded with fee deductions more quickly.
- A Stronger Community: By making futures trading more accessible, this update helps grow and strengthen the SunCrypto community.
- Better Risk Management: Lower fees allow you to diversify your positions without worrying about high costs, helping you navigate volatile crypto markets with confidence.
Conclusion
SunCrypto’s new crypto fee structure is now live, transforming futures trading from a high-stakes challenge into a rewarding journey. By addressing the issues of the old structure and boosting your benefits, we’re not just updating our fees—we’re upgrading your entire trading experience.
Disclaimer: Crypto products & NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. We strongly encourage you to conduct independent research, exercise caution, and invest only after proper due diligence.
Frequently Asked Questions
1. How many exchanges have a crypto fee structure?
All centralized cryptocurrency exchanges have a fee structure. It’s the primary way they operate as a business, allowing them to provide trading services, maintain liquidity, and ensure the security of their platforms. The fees can vary greatly, with some exchanges offering lower fees for high-volume traders, while others may charge higher, flat fees for simplicity.
2. How does the exchanges’ crypto fee structure work?
Crypto exchange fee structures typically consist of several different types of fees:
- Trading Fees: This is the most common fee. It’s charged every time a trade is executed. Trading fees often follow a maker-taker model. A maker is a user who places an order (like a limit order) that isn’t immediately filled, thus adding liquidity to the exchange’s order book. A taker is a user who places an order (like a market order) that is filled instantly by an existing order on the book, thus “taking” liquidity. Exchanges often charge lower fees to makers to encourage them to provide liquidity.
- Deposit and Withdrawal Fees: Some exchanges charge fees for depositing and withdrawing funds, especially fiat currencies (like INR or USD). While cryptocurrency deposits are often free, network fees for withdrawals are common and are not set by the exchange but by the blockchain network itself.
- Tiered Fee Models: Most exchanges, including SunCrypto, use a tiered fee structure where fees decrease as a user’s trading volume increases. This model incentivizes high-volume trading and rewards loyal users with lower costs.
3. Exchanges crypto fee structure schedules
The fee schedules on exchanges are highly dynamic and depend on several factors, including a user’s VIP level, 30-day trading volume, and whether they are a maker or a taker.
SunCrypto’s updated fee structure is designed to make it easier for all traders to benefit from lower fees. The old structure had extremely high trading volume thresholds, which made it difficult for most users to progress to higher VIP levels and unlock better rates. With the new structure, SunCrypto has slashed the 30-day trading volume requirements by almost 10 times, making VIP progression more achievable for everyone.
SunCrypto’s New Futures Fee Schedule (as an example):
The new structure streamlines VIP levels from 0 to 7. As you move up these levels by meeting the new, lower volume requirements, both maker and taker fees for INR and USDT futures markets are significantly reduced. For instance, an INR taker fee can drop from an initial 0.0700% at VIP Level 0 to as low as 0.0050% at VIP Level 7.
4. The Bottomline
A clear and fair fee structure is essential for any crypto exchange. While every platform has fees, the best exchanges prioritize transparency and offer competitive rates that benefit their users. SunCrypto’s recent update is a direct response to user feedback, moving away from a rigid system and toward a more democratic and rewarding one. By making it easier for traders to advance through VIP levels and save on fees, the platform encourages more frequent trading and empowers its community to grow their portfolios more efficiently.
5. Buy, Trade, and hold 550+ crypto on SunCrypto
SunCrypto offers a platform to buy, trade, and hold over 550+ cryptocurrencies. Its user-friendly app makes it simple for both beginners and experienced traders to manage their portfolios. With a wide range of assets, including popular tokens and new, promising projects, SunCrypto aims to provide a comprehensive and secure environment for all your crypto needs. You can start investing with as little as ₹100 and take advantage of features like instant buy/sell, real-time price tracking, and a secure crypto wallet.