How are the commissions calculated?
- Commission rates for Turkish Lira pairs depends on your 30 day total trade volume and maker/taker order type.
- Commission rates for crypto pairs depend on your 30 day total trade volume in TRY and maker/taker order type.
- Turkish Lira equivalent of crypto/crypto trades are being added to 30 day total volume as TRY.
- You can find detailed information on the BtcTurk | Kripto Fee page.
Do I pay commission for unmatched or cancelled orders?
- There are no commissions charged for unmatched or cancelled orders.
- For partially matched orders, commissions are being charged only for the matched part. Remaining orders in the order book are not being charged until they match.
- If you cancel a partially matched order, the cancelled portion's blocked commission will be released and added to your available balance.
What are Market Maker and Market Taker orders?
Market Maker and Market Taker fee models are being used to separate orders that provide liquidity (market maker) and which uses the liquidity (market taker). That's why market maker and market taker orders have different commission rates.
What is Market Taker Order?
Your order is accepted as market taker order if it matches to any of the best buy or best sell orders at the time of transmission.
- For Market order type, all orders are accepted as market taker order because they immediately match best buy or best sell at the time of transmission.
- For Limit orders, if the order matches (partially or completely) immediately with any order in the order book it's accepted as market taker order.
- Stop Market orders, are accepted as market taker orders as they match immediately to best buy or best sell orders when the Stop price is triggered.
- For Stop Limit orders, user's balance covering the order is being blocked by market taker fee until it's being triggered. If the order matches immediately (partially or completely) to best buy or best sell order after Stop price is triggered, it's recorded as market taker. Rest of the partially matched order will be charged as market taker if not cancelled.
What is Market Maker Order?
If your order is not being matched to orders in the order book and recorded into the order book at the time of transmission it's accepted as Market Maker order.
- For Limit order type, at the time order transmitted, it's accepted as market maker order if not matched to any orders in the order book. If it's matched partially because there is not enough orders to cover the order in the order book, it's being accepted as market taker. Rest of the order is being kept as market taker order.
- For Stop Limit orders, user's balance covering the order is being blocked by market taker fee until it's being triggered. If the order doesn't match immediately after Stop price is triggered, it's recorded as market maker. The commission difference between maker and taker in the blocked amount will be returned to user's balance.
Please note that, commission rates for TRY pairs are being calculated according to users' volume level. For USDT pairs, commission rate is independent from the volume.
Order book may have some short delays rarely. Because of this, orders may have been recorded different than displayed as market maker or market taker in the order book.
You can check your volume at Account Details page ( https://kripto.btcturk.com/en/basic/exchange/) and the commission rates at Fees page (https://kripto.btcturk.com/en/help/fees )