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Trading fees

Trading 2 min readLast updated

What are the trading fees on Lovely Legends?

The standard spot schedule is 0.20% maker and 0.30% taker. You pay the maker fee when your order rests on the book and someone else trades against it, and the taker fee when your order fills immediately against orders already there. On a buy the fee is charged on top of the order total, so you need slightly more quote currency than the total shown.

The standard schedule

RoleFeeWhen you pay it
Maker0.20%Your order rested on the book and someone else traded against it.
Taker0.30%Your order filled immediately against orders already on the book.
Note

These are the standard defaults. An individual account or market can carry a different rate, so the figure shown in the app for your account and pair is the authoritative one. The full published schedule lives at https://llx.lflabs.fund/fees.

What else costs anything?

MovementCost
Crypto depositFree
Crypto withdrawal$1 equivalent, flat, per withdrawal
Internal transfersFree — every product shares one balance
Fiat deposit or withdrawalNot supported
Margin tradingNot supported

Lovely Legends charges a flat $1 equivalent withdrawal fee on all supported coins, deducted in the same coin being withdrawn. The final fee is shown before confirmation.

Am I a maker or a taker?

It depends on what your order does, not on which type you chose. A market order is always a taker, because it can only fill against what is already there. A limit order is a maker if it rests on the book and is filled later, and a taker if it is priced so that it matches immediately on placement.

The order form shows an estimated fee before you place the order.

How the fee is applied

On a buy, the fee is added on top of the order total: for a 100 USDT buy at the 0.30% taker rate you need 100.30 USDT available. This is why the maximum size the order form will let you enter is a little below your raw balance — it is reserving room for the fee so the order does not fail at the last moment.

On a sell, the fee is taken from the quote currency you receive.

Are there other trading costs?

No deposit fee is charged by Lovely Legends. Withdrawals carry a flat $1.00 fee. Claiming mining, staking or referral rewards into your main balance carries a 0.5% claim fee. There is no inactivity fee and no account fee.

Still need help?

Nobody from Lovely Legends will ever ask for your seed phrase, password or login code, and support never messages you first.

Still need help?Contact support