New Fees for Trading With Leverage, New Interest and Plans for Crypto Lending

WhiteBIT
Published 04 August 2023
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New Fees for Trading With Leverage, New Interest and Plans for Crypto Lending

Content

You might think that updating margin trading on our exchange is our new hobby. And it is not surprising, because we work diligently to make leveraged trading convenient, user-friendly, and profitable.

As you know, the fee for using borrowed funds is only applied in case if at least part of the order is executed. And now we have reduced the fee for using borrowed funds! As part of the update, starting August 21, the daily fee for margin trading will be 0.0585%.

Current Fee Fee Starting August 21, 2023
0.078% 0.0585%

In this regard, the interest rate of Crypto Lending plans will also change.

Crypto Lending is a WhiteBIT product that allows receiving interest from the long-term storage of digital assets on the platform in special plans. Each plan provides for the accrual of a certain percentage. Starting August 21, 2023, the percentage for storing digital assets in the Crypto Lending will be changed. However, for all plans opened before August 21, 2023, current interest will remain.

Here’s how it will look:

Tether (USDT)

Period Current Interest Rate Interest Rate Starting August 21
360 days 24.85% 18.64%
180 days 10.75% 8.06%
90 days 4.97% 3.73%
30 days 1.44% 1.08%
20 days 0.82% 0.62%
10 days 0.33% 0.25%

Bitcoin (BTC)

Period Current Interest Rate Interest Rate Starting August 21
360 days 23.19% 17.39%
180 days 10.04% 7.53%
90 days 4.63% 3.47%
30 days 1.35% 1.01%
20 days 0.77% 0.58%
10 days 0.3% 0.23%

The asset plans available for margin trading will have the same interest rates as the BTC plans, namely ADA, APE, ATOM, AVAX, BCH, DOGE, DOT, EOS, ETC, ETH, LINK, LTC, MATIC, NEAR, SHIB, SOL, TRX, UNI, USDC, XLM, and XRP.

It’s worth mentioning that the 10 and 20-day plans will be available only for BTC, ETH, USDT, and USDC. 

The terms and conditions for Crypto Lending remain unchanged. You can close your active plan at any time, but in this case, the funds will be returned without interest.

Take advantage of the new favorable fee within margin trading and maximize your profits!