# Fees

## Fees

<table data-header-hidden><thead><tr><th>Fee Tier</th><th>Requirements</th><th width="150">Taker</th><th>Maker</th></tr></thead><tbody><tr><td>Fee Tier</td><td>Requirements</td><td>Taker</td><td>Maker</td></tr><tr><td>0</td><td>Hold &#x3C;100 SRM</td><td>4 bps</td><td>0 bps</td></tr><tr><td>1</td><td>100 SRM</td><td>3.9 bps</td><td>0 bps</td></tr><tr><td>2</td><td>1,000 SRM</td><td>3.8 bps</td><td>0 bps</td></tr><tr><td>3</td><td>10,000 SRM</td><td>3.6 bps</td><td>0 bps</td></tr><tr><td>4</td><td>100,000 SRM</td><td>3.4 bps</td><td>0 bps</td></tr><tr><td>5</td><td>1m SRM</td><td>3.2 bps</td><td>0 bps</td></tr><tr><td>6</td><td>1 MSRM</td><td>3 bps</td><td>0 bps</td></tr></tbody></table>

Trading fees are incurred when an order is executed.

### Fees in the Serum ecosystem currently work as follows:

* 20% of net fees go to the project or GUI hosting the activity
* 80% of fees go to buy and burn of SRM