I've noticed a strange thing with fees that HitBTC charges if you want to buy coins for super low price.
Just try to place an order for example TNT/BTC.
Amount: 100000 TNT
Price: 0.000001 BTC
Total: 0.100000000
Fee 0.1%฿: 0.10000000
Total is 0.1 and Fee is 0.1, that makes commission 100%.
Does anyone know why?
I've had this issue as well. I saw the explanation from HitBTC in this thread, but it didn't make any sense because the fee is taken right when you set your limit order, not when the orders are executed. Is the fee refunded upon execution? I haven't noticed that in my records.
Some exchanges charge you less for limit orders because it helps the liquidity of the market, but it seems like HitBTC charges far more for these type of orders. Am I missing something?
The fee isn't exactly taken from your account as you're placing an order. That amount is being locked.
Once your order is filled or cancelled, the leftovers are released back on your account.