# Fees

Trading fees are the costs you incur when buying, selling, or trading assets on a perpetual trading platform. These fees are typically a percentage of the transaction value and are usually divided into two primary types.

### Maker fees vs. Taker fees

There are two primary types of trading fees:

* **Maker fees**: Charged to traders who place orders that add liquidity to the market, like limit orders that aren't immediately filled and are added to the order book.
* **Taker fees**: Charged to traders who remove liquidity from the market, such as by placing market orders that are instantly filled. Most perpetual trading platforms offer competitive fee structures.&#x20;

For example, a platform might charge a Maker fee of 0.025% and a Taker fee of 0.055%. Lower fees allow traders to keep more of their profits, making frequent trading more affordable. This enables traders to closely monitor the markets and place orders regularly to maximize their benefits.

### Fee tiers

VeenoX is offering to its users a set of decreasing fee tiers, that way frequent traders will have an advantage on the fees they are paying, therefore trading more costs you less.

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