All trades made on Kraken have a basic trading fee applied to them. For most markets the basic trading fee follows the maker/taker model, incentivizing orders that contribute liquidity by charging a lower fee.

Orders submitted to stablecoin markets and fiat-to-fiat (FX) markets, however, are charged a flat fee regardless of whether the order was a maker or taker. To see the full stablecoin fee schedule, visit our fee schedule page and click the tab labeled “Stablecoin & FX Pairs”.

You can tell which fees will be applied by checking the currency pair (market) your order is in.

To learn more about currency pairs, see Currency Pair (Market) in the Trading Glossary.

Examples

If the stablecoin is the base currency (e.g. USDT/USD):

• The stablecoin fee schedule applies.
• The trade will not contribute to your 30 day trading volume.

If the stablecoin is the quote currency (e.g. XBT/DAI):

• The maker/taker fee schedule applies.
• The trade will contribute to your 30 day trading volume.

If the currency pair has two stablecoins (e.g. DAI/USDT):

• The stablecoin fee schedule applies.
• The trade will not contribute to your 30 day trading volume.
• This is because the base asset (traded asset) of the pair is a stablecoin, and therefore the order is being submitted to a stablecoin market.

If the currency pair has two fiat currencies (e.g. EUR/USD):

• The stablecoin fee schedule applies.
• The trade will not contribute to your 30 day trading volume.

If you are unsure which fee will be applied to your order, you can check by selecting your intended currency pair from the Overview tab dropdown then checking the fee levels on your 30 day trading volume bar (found below the Trade Balances section of your Overview page).

When a pair is selected with a stablecoin as the base asset, only one fee value is displayed:

Otherwise, maker and taker fee values will be displayed: