Individual traders (excluding API trades) can use PT to deduct transaction fees, with a deduction rate of 20% for Spot and 10% for USDT contracts. Fee deductions can be combined with VIP fee discounts, meaning VIP users can use PT to deduct fees and enjoy even lower fee rates.
Note:
1. Using PT to deduct fees is only applicable to active order execution methods (maker & taker). Forced liquidation and ADL (Auto-Deleveraging) reduction cannot enjoy the fee discount.
2. To ensure the successful deduction of fees with PT, after turning on the deduction feature, make sure that there are sufficient PTs in the spot or contract wallet to cover the fee deduction. If the account's PT balance is insufficient, the transaction will not use PT for fee deduction, nor will it enjoy the fee discount.
3. When using PT to deduct fees for USDT contract transactions, PT must first be transferred into the USDT contract account. The deduction will then be taken from the corresponding PT in the USDT contract account.
4. Some products do not support PT fee deduction, including: spot/contract grid trading, copy trading, and margin trading.
5. When using PT to deduct fees, the number of PTs deducted will be calculated based on the currency received during the actual transaction, converted at the real-time price, and deducted in PT.
For example:
A standard rate user in the spot market uses 37,000 USDT to buy 1 BTC, so the original transaction fee is 1 BTC * 0.1% = 0.001 BTC. After PT deduction, the fee is 0.001 BTC * 80% = 0.0008 BTC. If the PT/BTC market price is 0.0001, then the fee converted to PT is 0.0008 BTC / 0.0001 = 8 PT. The system will deduct 8 PT from the user's wallet to pay the fee, without further deducting BTC for the fee.
How to enable PT deduction for transaction fees?
1. Account-Overview
Here, you can enable or disable the use of PT to deduct fees for spot trades and USDT perpetual trades.
2. VIP Portal
Here, you can set to enable or disable the PT deduction for fees for spot trades and USDT perpetual trades.
3. Trading Page
Within the Fee Level page, you can enable or disable the PT deduction for fees. Spot trading and USDT contracts need to be set separately. If the account's PT balance is zero, a prompt will appear, and users can choose to trade or transfer to acquire more PT.
4. APP: Overview & Trading Page
Overview: Click the wallet icon at the bottom right to access the overview page.
Trading page: Click "Contract," then click "..." in the top right corner to enter the settings page and select "Fee Discount."
