Bullish does not charge fees for opening an account. All fees are associated with transactions.

Trade fees and interest charges

Note: Fees are subject to change. 

Different fees may apply depending on whether your order immediately matches against an existing order (is a “taker”), is matched later (is a “maker”), or some combination of both. We only charge on the filled amount. We do not charge if your order is unfilled.

Buyers pay their fees in the same currency that they paid in (e.g. USD for BTC/USD) and sellers in the currency they sold (e.g. BTC for BTC/USD).

Trade

Currency pair Maker fee Taker fee
BTC/USD 0 bps 1 bps (0.01%)
EOS/USD 0 bps 1 bps (0.01%)
ETH/BTC 0 bps 1 bps (0.01%)
ETH/USD 0 bps 1 bps (0.01%)
LINK/BTC 0 bps 1 bps (0.01%)
LINK/USD 0 bps 1 bps (0.01%)
LTC/BTC 0 bps 1 bps (0.01%)
LTC/USD 0 bps 1 bps (0.01%)
MATIC/USD 0 bps

1 bps (0.01%)

UNI/USD 0 bps 1 bps (0.01%)
USDC/USD 0 bps 0 bps

 

Maker fees

Maker fees are charged on the amount filled when your limit order is matched later with a subsequent taker order.

We do not charge maker fees for any of our markets.

Taker fees

Taker fees are charged on the amount filled when you send a market order or when you send a limit order that immediately matches against another market participant’s previously sent limit order.

Stablecoin markets such as USDC/USD do not incur a taker fee.

Automated Market Making Instructions

No fees are charged to submit or terminate AMM Instructions.

AMM fees

As detailed in Generating Income With Automated Market Making Instructions, on every fill made by a taker against an AMM Instruction, Bullish collects earnings consisting of the taker fees paid against one or more AMM Instructions and the spread income generated by those AMM Instructions.

Bullish’s AMM fee is 25%, meaning that it retains 25% of Gross AMM Income.

Important: Automated Market Making Instructions can only be submitted by institutional customers.

Deposit and withdrawal fees

Bullish does not charge for wire transfers. However, for a fiat transfer, our fiat currency sub-custodian Silvergate Bank charges a deposit fee and a withdrawal fee, as detailed below.

Fee type Fee per transaction
Deposit
  • None
Withdrawal
  • Fiat - US$30
  • BTC - 0.0005
  • EOS - Free
  • ETH - 0.005
  • LINK - 1
  • LTC - 0.01
  • MATIC - 40
  • UNI - 7
  • USDC - US$5
Other
  • The associated blockchain may charge a transaction fee.
  • External wallets may charge a transaction fee on transfers.

Your bank may also charge additional fees. For these additional fees, please contact your bank for more information.

Viewing charged fees

To view the records of charged fees:

  1. Go to the left-hand navigation and choose Orders.
    Navigation menu with orders highlighted
  2. Choose Trade History.
    Trade history tab under orders
  3. View the Fees column.
    Fee column

Viewing your paid trade fees

To check your paid trade fee history:

  1. Go to the left-hand navigation and choose Orders.
    Navigation menu with orders highlighted
  2. Choose Trade History.
    Trade history tab under orders
  3. View the Fee column.
    Fee column

You can also filter your search results by:

  • Currency Pair (e.g. BTC/USD, EOS/USD, ETH/USD).
  • Side (Buy or Sell).
  • Time Span (Hour, Day, Week, Month, Quarter).
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