Fees & Accounting
Sequence Wiki — General FAQs
Key terms on this page
How much does Sequence cost?
As a SaaS fintech startup, Sequence charges a commission-based fee which is calculated based on the profits before generated by our platform. For new accounts that are not part of an offer and hold a wallet balance of less than $100,000, a $299 activation fee will be applied only to the first bot on the initial invoice. But there is no need to worry, it all comes out of your profits.
How much are the exchange fees?
Exchange fees vary based on the platform. It's best to check directly with the exchange to see their current fee structure. Fees vary depending on your wallet balance, trading volume, and the exchange or promotional tier you fall under.
Bybit and Binance occasionally offer promotions that may reduce fees. Both exchanges are comparable in terms of liquidity and minimal , making them reliable options for automated trading.
For the most accurate and up-to-date information, visit the fee section on your chosen exchange's website.
There are two main types of fees to consider:
Trading Fees
Trading fees are charges applied when you execute trades (buying or selling). These vary based on:- The platform you're using (Bybit, Binance, etc.)
- Your wallet balance and trading volume
- Your exchange tier or any promotional rates
- Whether your order is a
To find the exact trading fee for your specific account type or product, please check with your exchange.
Bybit users please visit: Bybit Trading Fee Structure
( Only)
When trading perpetual contracts, you'll also encounter funding rates. These are periodic payments exchanged between long and short positions to keep the contract price aligned with the spot price. Depending on market conditions, funding rates may be positive or negative, meaning you could either pay or receive a funding fee.
For detailed fee structures specific to your account type, please refer to your exchange's documentation.
Bybit users please visit: Introduction to Funding Rate
What is coin control?
is an advanced feature in some Bitcoin wallets that allows users to manually select which "coins" (technically, UTXOs or Unspent Transaction Outputs) will be used for a transaction.
Using Coin Control can help you reduce transaction fees, manage privacy, and have more control over how your funds are spent. To learn more about how Coin Control works and why it is useful, check out our detailed article:
What's the commission from the profits?
Unless you joined Sequence by a specific referral or offer, the commission you pay depends on your wallet size:
- Customers trading below $100k pay 33% of profits + $299 activation fee
- Customers trading above $100k pay 30%
- Customers trading $1M pay 25%
Note that commission payments are only required after your subscription costs have been covered by your profits.
How can I reduce my trading fees?
You can get trading credits for referring other customers to us.
Trading credits are applied in the unit of account against the amount owed.
For more information contact us or go to our section "Referral Program" below.
How are profits calculated?
Profits are calculated based on your absolute closed (excluding exchange fees) from all trades executed during each billing period.
The billing period runs from either your signup date (for your first invoice) or the end of your previous billing cycle, and covers approximately 4-6 weeks of trading activity.
a) For spot trades, this includes all closed PnL for the period (before trading fees).
b) For derivatives, this includes all closed PnL for the period (before trading fees and funding rates).
Please note these fees vary depending on the exchange and the wallet size/VIP status on the exchange.
Important note on funding rates: Funding rates can be positive or negative depending on market conditions. When negative, they actually work in your favor and can boost returns. Over time, these rates tend to balance out. For more details on how funding fees are calculated, visit: Bybit Funding Fee Calculation
Invoices are typically issued within a few days of the billing period closing.
How much will my first invoice be?
Unless otherwise specified, Sequence charges a $299 one-time fee for the first bot added. This amount is deducted from your first profits.
Once the $299 is settled, your standard performance-based commission rate will apply — 33%, 30%, or 25%, depending on your total funds traded.
When will my first invoice be due?
Your first invoice will be issued approximately 4-6 weeks after you start trading with us. The exact timing depends on your signup date and our billing cycle.
Invoices are typically issued within a few days of the billing period closing.
Please note that invoices may be delayed by a few days if you have large active trades that we're waiting to close before finalizing your billing period.
When is the payment due?
Within 48 hours of email receipt unless written differently on your invoice.
How do I pay the fees?
- At the end of each billing period (4-6 weeks), we will send you an invoice detailing your generated profits and the commission owed.
- For further details on how to pay your invoice please visit:
Which currency do I have to pay the commission in?
Commission is paid in BTC.
What are the available ways to pay my invoice?
- At the end of each billing period (4-6 weeks), we will send you an invoice detailing your generated profits and the commission owed.
- For further details on how to pay your invoice please visit:
Can I pay by credit card?
While it's technically possible to purchase Bitcoin using third-party services such as Moonpay or similar platforms, we do not recommend this payment method — it's often too complicated and expensive, with fees reaching 4.5% or more, plus additional conversion costs from multiple swaps.
For further details please visit:
Our upgraded system now uses Lightning Invoices (LN), which provides a faster, simpler, and lower-cost payment experience.
Once you pay via Lightning, your invoice is automatically marked as paid — there's no need to send or report your TxID.
For the most efficient experience, please pay directly through your Sequence Payment Gateway link included in your invoice email.
For further details on how to pay your invoice please visit:
I'm running more than one bot - why do I receive different invoices?
You'll receive a separate invoice for each bot you're running. This ensures accurate tracking and reconciliation of payments. We kindly ask that you pay each invoice individually, so we can correctly match your transaction to the corresponding invoice.
I'm trading derivatives or spot, can I withdraw the invoice fees from my trading sub-account?
Yes, as long as the withdrawal does not exceed 5% of your total account balance, you're free to do so.
Please note: Withdrawals should be made in the base asset only — not the quote asset.
How do I tell Sequence that I've paid my invoice?
With our upgraded system using Lightning Invoices (LN), your payment is automatically detected and reconciled — there's no need to submit a Transaction ID (TxID) or upload a screenshot.
Once your Lightning payment is completed, the invoice status will update to "Paid" automatically on your Payment Gateway and in our internal records.
For more information on how this process works, please visit our wiki:
What happens if I don't pay on time?
If for any reason you cannot pay within 48 hours please contact support@tradewithsequence.com as soon as possible.
As a normal course of action, if the invoice goes beyond 96 hours without having received a transaction ID for the invoice, the system will cease to operate.
Once payment for the overdue invoice, we may consider manually rebooting the system on your account. Please note, any disconnection from the trading system may result in losses - but you will, of course, be able to trade yourself without the system.
What happens if I don't pay the fees?
We require commission payments to be made within 48 hours of receiving your invoice.
If we don't receive a payment within this timeframe, you will receive some reminders.
If we haven't heard from you after 96 hours, we will disconnect our trading system from your exchange shortly after. Once payment has been made, we may consider re-establishing the connection.
Outstanding fees
If the prior month's invoice is underpaid (example - not including the transaction fee), then you will see additional fees on your next invoice.
I'm trading USD, how is the BTC price calculated?
The quoted prices are generated at the time of invoice creation using a price index.
I want to pay in BTC - what if there is a BTC price discrepancy?
We've been doing payments like this for a few years now! Generally speaking, there is not much difference inside the 48-hour payment window. Sometimes you win by a few Sats, sometimes we win by a few Sats.
However, if the price move is more than 7.5%, we either issue an accounting credit or an accounting amount still owed, on your next invoice.