BitStar is a professional digital asset leverage trading platform that provides 5x leverage trading for BTC, ETH, and other assets. It features a stable trading system and secure fund management. BitStar is committed to providing users with a wide range of professional trading products.

The platforms unique feature is its spot contract. What is a spot contract, and what are its advantages?

1. Both long and short positions are available. Currently, it supports BTC, LTC, ETH, and ETC, making it the only platform in China that allows short selling of ETH and ETC.

2. 5x leverage is supported with extremely low leverage fees. Unlike OKEX, where margin calls are based on futures prices, BitStar uses spot prices, effectively avoiding the drawbacks of large players manipulating spot prices for margin calls, ensuring fairer trading.

3. Spot contracts never expire, allowing users to invest in assets like traditional spot markets.

Bitstar Fee Structure

Deposit Fee

0

BitStar does not charge any deposit fees.

Withdrawal Fee

0

BitStar does not charge any withdrawal fees besides the network transfer fee paid to miners.

Trading Commission

Commission Rate: 0.01%, the lowest in the industry

Trading commission is charged upon opening and closing positions. Commission = Opening Quantity * Commission Rate

Holding Fee

Commission Rate: 0.01%

Charged every 8 hours. Holding Fee = Net Holding Quantity * Holding Fee Rate

If a user holds both long and short positions of the same contract, the overlapping positions can be offset, and no holding fee will be charged.

To encourage the price to revert to the spot market price, a fee compensation mechanism will be in place between long and short positions if the difference between the contract price and spot price is significant.

This compensation fee is only exchanged between users. The platform does not charge any fees.

Adjusted Holding Fee Rate as per the following table:

Note: Spot Price refers to the Spot Index Price. Fee collection time is 0:00 UTC (8:00 Beijing time), 8:00 UTC (16:00 Beijing time), and 16:00 UTC (24:00 Beijing time) every day. If the position is closed before the fee is charged, the fee will not be charged.

The holding fee rate for the next charging period is determined based on the average deviation between the contract price and the spot index price for the previous 8 hours. For example, at 8:00 UTC every day:

1) The current holding fee is charged;

2) The holding fee rate at 16:00 UTC is determined based on the deviation between the contract price and the spot index price during the period from 0:00 UTC to 8:00 UTC.

The holding fee rate at 16:00 UTC is pre-determined during the trading period between 8:00 UTC and 16:00 UTC.