According to the White Paper BIT.TEAM, you can use BTT to pay trading fees within the platform BIT.TEAM. If you have BTTs on your account balance and you activate the “use BTT to pay trading fee” function, you get a significant discount, the amount of which depends on the number of BTT tokens stored on your account balance.

Token Balancefrom 1,000,000 BTTfrom 500,000 BTTfrom 100,000 BTT
Discount rate50%25%10%

Calculation example: a BTC/RUB transaction completed, the fee amount is 0.002 BTC (0.1% or 0.001 BTC the service fee BIT.TEAM and 0.001 goes to the referral program). Considering the rate of the transaction, we calculate the fee amount in BTC/BTT ratio, in case the exchange rate is 1,000,000 RUB / 1 BTC, that is 0.1% of 1,000,000 = 1000 RUB, and the average BTT rate at the time of the transaction is 0.3 RUB, this means that the platform fee will be 3333.3333 BTT, then the discount is calculated in %-ratio, which is indicated in the table above.
To activate this feature, before placing an order, make sure that you have a sufficient amount of BTT on your account balance and activate the “Fee in BTT” button located before the order/transaction creation button.

Created - February 11, 2023 4:36 PM
Updated - February 16, 2023 4:36 PM