1. Terms & Definitions
a.30-Day Trading Volume (USDT):Converted to USDT based on the price of the corresponding currencies swap to USDT at the transaction. Daily, at 00:00 (UTC+8) , we update this calculation to reflect your Spot / Futures trading volume of all currencies over the past 30 days.Transactions in other trading areas like USDC, BTC, ETH, etc., currencies will also be settled based on the exchange rate of USDC / BTC / ETH and USDT at the time of settlement.
b.Total Asset Balance:We take a snapshot of all of your crypto assets at 00:00 (UTC+8) daily and convert their value into USDT based on the market price of currencies when taking snapshots. Snapshot assets include Spot, USDT-M Futures, Coin-M Futures P2P and Earn accounts.
c. Makers and Takers:Maker order is the limit order which enters into the order book before it can be traded in market. Then it will enter into the order book until someone fills it. After filled, you’re required to pay the maker fee and taker will pay the taker fee.
d.Daily Withdrawal Limit (BTC):Exchange determines the daily withdrawal limit according to your VIP level. All crypto held by the user will be converted to BTC, and the total converted amount must not exceed the withdrawal limit of the corresponding level.Withdrawal limit is different under different identity verification levels.
2.Daily Update Time of VIP Level:Your VIP level will be updated automatically at 02:00 (UTC+8) every day.Due to the large amount of data to be processed, there may be a delay in updating the VIP level. Please refer to the actual daily update time.
3.You will enjoy the highest level of fee benefits:You will enjoy the highest level of fee benefits, i.e., the most favorable fee rate, if you meet the conditions of VIP level for any transaction type then you will automatically fulfil the VIP level for all types.