Fees
Fees on Conviction apply only when a trade fills. There are no fees on split, merge, or redeem, and no action ever costs gas.
#Where fees are deducted
Fees are always taken as a portion of the funds you receive.
- When a BUY fills and you receive outcomes → part of the received outcomes is the fee
- When a SELL fills and you receive USDT → part of the received USDT is the fee
The actual fee rate is set per market, and the estimated fee is shown on screen before you place an order.
#Fees by action
| Action | Fee |
|---|---|
| Trade fill (buy/sell) | Yes (set per market) |
| Split | None |
| Merge | None |
| Redeem | None |
#Discount tiers
Fee discounts are temporarily paused
Fee discounts are currently paused — every account settles at the full per-market fee with no discount applied. Cumulative volume keeps accruing in the meantime, so tier eligibility is preserved and applies when discounts are re-enabled.
Of the four discount tiers, only the single largest one applies (they don't stack).
| Tier | Condition | Discount |
|---|---|---|
| A | No referral relationship | 0% |
| B | Referral relationship exists (invited, or invited someone) | 20% |
| C | Condition B + cumulative volume of $30,000 or more (for 90 days after crossing) | 40% |
| D | Cumulative volume of $100,000 or more (regardless of referral, permanent) | 40% |
- Cumulative volume = the sum of the USDT notional of every fill you participated in (including partial fills).
- Referrals activate the moment you sign up. For details, see Referrals.
#Gas
- Conviction covers BSC network gas in full.
- You don't need to hold BNB, and no action ever costs you gas.
#Next concepts
- Referrals — the referral relationship that raises your discount tier
- Resolution — redemption has zero fees
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