Magic Eden has introduced a new fee structure that rewards active users based on their trading activity levels. The more you trade, the higher your reward level will be, and the greater the discounts and cost savings you can enjoy.
Can I link multiple wallets to my Magic Eden profile?
Yes! You can link multiple wallets to your Magic Eden profile, and your reward level will be based on your total trading activity across all connected wallets. To ensure that you accumulate as many rewards as possible, it is recommended that you connect all of your wallets to your profile.
More info here on how to connect wallets.
How do reward cycles work?
Cycle duration: The cycle starts at the beginning of each calendar month. At any point in time, your level will be the highest possible level you'd be in based on your trade during the previous and current month
Mid-cycle start: Even if you start in the middle of the month, your level will still be the highest possible level you'd be in based on your trade during the previous and current month to date.
What is Magic Eden's fee structure?
Maker fees (as of May 2023)
Makers are those that provide liquidity to the marketplace either by selling items (through listings) or making offers.
Level | Limited promo | Usual Fee |
1 | -0.25% | 0.50% |
2 | -0.25% | 0.45% |
3 | -0.25% | 0.35% |
4 | -0.25% | 0.20% |
5 | -0.25% | 0.10% |
💡 Selling Example:
 |
Taker fees (as of May 2023)
Takers are those that receive the liquidity provided by the makers by way of buying items, selling against an offer or instant selling against a collection offer.
Level | Fee |
1 | 1.50% |
2 | 1.45% |
3 | 1.40% |
4 | 1.30% |
5 | 1.05% |
💡 Buying Example:
You are at Level 4 this month and you buy an NFT listed at 5◎. For this example, let's also assume that the NFT has a fixed royalty of 2%. Based on the above table, you will be charged a taker fee of 0.065◎ (1.30%*5◎) and royalties amounting to 0.1◎ (2%*5◎). As such, 5.165◎ will be deducted from your wallet at the time of the transaction -- this is the sum of the listing price, the taker fee and royalties. |
The above is accurate as of the date this article was published. Trading activity required to qualify for each level and the fees for each level may be modified from time to time.
Note: Magic Eden will be monitoring unusual trades. Should a profile demonstrate an inordinate level of suspicious activity, especially trades that appear to artificially inflate their volume so as to qualify for higher levels, this profile will be reviewed by our team and may be downgraded to Level 1 and made ineligible for other rewards.
What other types of rewards are there?
In general, most rewards are not transferrable between wallets and secondary market purchases will not grant you the original benefits of these rewards.
Instantly unlock deals at your favourite merchants based on your investments. Purchasing this reward on the secondary market will not grant you AssetDash Gold Tier Membership. Membership is reserved only for wallets originally granted this reward.
Community members are able to enjoy and participate in various events, deals, and resources.
DM one of the Core Team members with (i) a brief about yourself, (ii) why you’re excited to join GCR, and (iii) your wallet address that contains the NFT
Enjoy the GCR Gold+ benefits for 3 months for FREE!
Purchasing this reward on the secondary market will not grant you GCR Gold+ benefits. Membership is reserved only for wallets originally granted this reward.