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Crypto fee & trading glossary

Every term that decides what trading actually costs — defined in plain English, with the fee and payback angle where it genuinely applies.

3

  • 30-day trading volume — 30-day trading volume is the rolling sum of your filled order notional over the last 30 days.

A

  • Account linking — Account linking is connecting your exchange account to a rebate platform by registering its UID — the single setup step that activates payback tracking.
  • Affiliate program — An affiliate program is an exchange's formal system for paying partners a commission on the trading fees of users they refer.

C

  • Commission rebate — Commission rebate is another name for a fee rebate — the return of part of your paid trading commission.

D

  • Daily settlement — Daily settlement means your fee payback is calculated and credited every day, based on the previous day's paid fees — rather than accumulating toward a weekly or monthly payout.
  • Deposit fee — A deposit fee is a charge for receiving funds into an exchange account.

E

  • Effective fee — An effective fee is what a trade actually costs you after all discounts and rebates are applied — as opposed to the headline rate printed in the fee schedule.
  • Effective taker rate — The effective taker rate is an exchange's published taker fee after your payback is subtracted — the real per-fill cost for market orders.

F

  • Fee currency — The fee currency is the asset in which a trading fee is charged — typically the quote or settlement currency of the market, unless a token-discount program redirects fees to the exchange's own token.
  • Fee discount — A fee discount lowers the rate you are charged at trade time — via VIP tiers, token programs, or promotions.
  • Fee rebate — A fee rebate — also called trading fee cashback — is a share of your trading fees paid back to you after each trade.
  • Fee schedule — A fee schedule is the official table where an exchange publishes its trading fee rates — maker and taker, per market type, per tier.
  • Fee tier — A fee tier is a discount level within an exchange's fee schedule, usually unlocked by 30-day trading volume or asset balance.
  • Funding fee — A funding fee is a periodic payment exchanged directly between long and short holders of perpetual futures, keeping the contract's price anchored to the underlying index.
  • Funding interval — The funding interval is how often funding payments occur on a perpetual contract — most commonly every 8 hours, though some venues and contracts use 4-hour or 1-hour cycles.
  • Funding rate — The funding rate is the percentage applied to your position's notional at each funding interval, determining who pays whom and how much between longs and shorts on a perpetual contract.
  • Futures fee — A futures fee is the trading fee on derivatives contracts — 0.05–0.06% taker and 0.02% maker on the exchanges loweef tracks.

G

  • Gas fee — A gas fee is the network fee on Ethereum and similar smart-contract chains, priced per unit of computation ("gas") a transaction consumes.

I

  • IB commission — IB commission is the fee share an exchange pays to an introducing broker for its referred clients' trading.
  • Internal transfer — An internal transfer moves assets between accounts inside the same exchange, instantly and without network fees.
  • Introducing broker (IB) — An introducing broker (IB) is a partner that brings clients to a trading venue in exchange for an ongoing share of their fees — the higher-tier, more formal layer of exchange partnership programs.

M

  • Maker fee — A maker fee is the rate charged on orders that add liquidity to the order book — limit orders that rest before filling.
  • Maker order — A maker order is any order that rests in the order book before filling, adding liquidity for other traders.

N

  • Network fee — A network fee is the cost of recording a transaction on a blockchain, paid to the network's validators or miners.
  • Notional value — Notional value is the full size of a position — price × quantity — including any leverage.

P

  • Payback — Payback is loweef's word for the fee share returned to you — the practical result of the rebate system: a daily USDT credit proportional to the trading fees you paid.
  • Promotional fee rate — A promotional fee rate is a temporarily reduced trading fee offered by an exchange — for a launch, a specific market, or a user segment.

R

  • Rebate platform — A rebate platform is a service that holds affiliate partnerships with exchanges and passes most of the resulting commission back to the traders who generate it, as an ongoing fee payback.
  • Rebate rate — The rebate rate is the percentage of your paid trading fees that is returned to you.
  • Referral attribution — Referral attribution is the exchange-side record of which referrer an account belongs to, normally fixed at account creation.
  • Referral code — A referral code is a short identifier entered at exchange sign-up that permanently links your new account to a referrer.
  • Referral commission — Referral commission is the share of a referred user's trading fees that an exchange pays to the referrer.
  • Referral link — A referral link is a sign-up URL with a referral code embedded, applying the attribution automatically when you register through it.
  • Revenue share — Revenue share is a partnership payout model where the partner earns a continuing percentage of the revenue a referred user generates — in crypto trading, a percentage of trading fees, for as long as the user stays active.
  • Round-trip cost — Round-trip cost is the total fee for opening and closing one position — two fills, two fees.

S

  • Self-referral — Self-referral is signing up under your own referral code to collect commission on your own trading.
  • Spot fee — A spot fee is the trading fee charged on spot market orders — buying and selling actual crypto assets for immediate delivery.

T

  • Taker fee — A taker fee is the rate charged on orders that remove liquidity — market orders and any order that fills immediately against the book.
  • Taker order — A taker order fills immediately against orders already resting in the book, removing liquidity.
  • Token fee discount — A token fee discount is a reduced trading fee for paying fees with — or simply holding — the exchange's own token.
  • Total rate — On loweef, the total rate is the full percentage of your trading fees returned to you — the standard rebate plus loweef's payback combined into one number, currently 50–67% depending on the exchange.
  • Trading fee — A trading fee is the amount an exchange charges every time you open or close a position, calculated as a percentage of your order's notional value.

U

  • UID — A UID (user ID) is the unique account number an exchange assigns to you at registration.
  • UID verification — UID verification is the check that a submitted exchange UID exists and is attributed under the rebate platform's partnership — the gate that must pass before any payback can accrue.
  • USDT settlement — USDT settlement means your payback is paid in Tether (USDT), a dollar-pegged stablecoin, rather than in points, exchange tokens, or fee vouchers.

V

  • VIP level — A VIP level is an exchange's named status tier for high-volume traders, granting reduced fees and sometimes extra perks.
  • VIP program — A VIP program is an exchange's structured package for high-volume traders — tiered fee discounts plus service perks like higher limits, dedicated support, and negotiated terms at the top end.
  • Volume-based pricing — Volume-based pricing is the general model of charging lower fee rates to users who trade more, implemented through tier ladders keyed to rolling 30-day volume.

W

  • Welcome boost — A welcome boost temporarily raises the payback rate for new users — on loweef, 67% standard rising to 77% for your first 2 weeks after linking.
  • Withdrawal fee — A withdrawal fee is what an exchange charges to send crypto out to an external wallet — usually a flat amount per withdrawal that covers the network fee plus the exchange's margin.

Z

  • Zero-fee promotion — A zero-fee promotion removes trading fees entirely on selected pairs or products for a limited time.