Bitget will be launching the "GT deduction transaction fee" function on November 21, 2018 (UTC/GMT+08:00). This is to strengthen the ecological construction of GT, but also to effectively reduce the transaction costs of users.
How to use GT to deduct transaction fees?
Taking the EOS/BTC trading pair as an example, the platform will obtain the latest market price of EOS/BTC and GT/BTC at the time of the transaction, and calculate according to the following formula:
Fee (GT) = (EOS / BTC) market price / (GT / BTC) market price * Taker / Maker rate * Discount（50%）.
How to turn on the "GT deduction transaction fee" function?
You can check the available option when you place an order or open the "GT Deduction Transaction Fee" function in the Personal Center.
As long as you have enough GT to pay a single transaction fee, the system will automatically convert the handling fee into GT and deduct from the GT balance and enjoy the corresponding discount.
If the transaction fee is GT itself, the corresponding discount is also available; if it is closed, the transaction fee is charged at the default rate.
How to turn off the "GT deduction transaction fee" function?
After logging in to your account, you can turn off or turn on the GT Deductible Fee at the Personal Center.
When the GT is insufficient, the transaction will charge a fee at the default rate and currency.