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What does Bitcoin transfer mean Is there any fee for Bitcoin tr

Date:2024-08-12 19:27:43 Channel:Exchange Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Before answering this question, let me talk to you about Bitcoin. According to market data, Bitcoin has risen in the short term, breaking through the $19,000 mark and now at $19,000.78, with a daily increase of 0.29%. It is precisely because of these data that Bitcoin has attracted public attention recently. It can be said that the ups and downs of Bitcoin have affected the hearts of all investors in the currency circle, and of course, it has also attracted many investors to enter the currency circle. After understanding the basic information of Bitcoin, let's get back to the topic. What does Bitcoin transfer mean? Let me tell you what Bitcoin transfer means? And is there a handling fee for Bitcoin transfer?

 What does Bitcoin transfer mean?

Bitcoin transfer refers to the process of transferring account assets of currency-to-currency transactions and account assets of fiat currency transactions.

The fund functions of different accounts are different. You cannot use the currency in the fiat currency account to do currency-to-currency transactions. So if your currency is in the fiat currency account, what should you do if you want to do currency-to-currency transactions?

You need to transfer your currency from the fiat currency account to the currency-to-currency account through the fund transfer function.

So generally speaking, if you want to transfer money between accounts in digital currency, you need to use the fund transfer function. It is free to transfer funds between different accounts.

Generally, you can see the transfer function entrance in the currency list. After clicking, you can transfer the digital currency to other accounts.

 Is there a fee for Bitcoin transfer?

There are two types of Bitcoin transfers. The following currency circle editor takes Huobi as an example. There are two types of transfers on Huobi.com. One is the transfer from Huobi.com exchange to Huobi.com's trading platform. In this case, no fee is required. The other is the transfer from Huobi.com exchange to the investor's account. This requires a fee. Different fees will be charged according to the currency. The spot transaction rate (currency transaction) is 0.2%; the leveraged loan rate is 0.0980%/day; the fiat currency transaction is free of charge; the futures transaction rate (contract transaction) is 0.015%-0.02%.

Opening amount is the amount of funds held: principal  leverage; handling fee: opening amount  fee rate; Huobi contract fee rate: delivery contract: Maker (order) 0.02%
Taker (order taker) 0.04%; perpetual contract: Maker (order) 0.02% Taker (order taker) 0.05% Regardless of opening or closing, the fee rate is the same.

The handling fee for opening and closing Huobi contracts is: principal  leverage  fee rate, 10,000  100 times  0.05% / 0.02% = 500 / 200

So if you open and close a position with 100 times your principal of 10,000, if you are a taker, that is, actively taking the order, the handling fee is 5 points  2 = 1,000 yuan (it is assumed that you are trading in perpetual contracts).

If you use maker order handling fees, you can save 60%, which is 400 yuan.

The basic rate of currency-to-currency handling fee is 0.2%. Huobi is currently implementing a preferential rate policy, mainly for holding ht, and of course some 18-year point card retention. The current price of ht is about 4 knives, which is 28 yuan per piece. According to the chart, you can calculate the current holding value of ht's fee rate, such as a 45% discount on the fee, which means holding 1,000 hts, about 28,000 funds.

Through the above introduction, I believe that everyone has understood what Bitcoin transfer means. The editor of the currency circle kindly reminds investors not to over-trade, and not to trade for the sake of trading under suboptimal market conditions, because this may lead to bad situations, such as inappropriate transactions that will cause you to lose your income little by little. If you want to know more about related knowledge, you can pay attention to the currency circle, and the editor of the currency circle will continue to update related reports later!

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