Basis points (bps) are hundredths of a percent so 1 basis point = 0.0001 (or 0.01/100). To determine what your fee will be on a given trade you can multiply the notional value of the trade by the bps fee converted to a percent (# bps/100).
For example, if you wanted to BUY 0.1 BTC @ $45,000, the notional value of the trade would be ($45,000 * 0.1), or $4,500. To determine the fee in USD, assuming your fee was 20 bps, you would take $4,500 and multiply it by 0.0020, for a fee of $9.00.
We’ve created a handy tool to let you compare our (individual crypto account) fees vs the fees on comparable cryptocurrency exchanges.
Please refer to our fee schedule for our most up-to-date fees.