What is fee versus price?

BTCC, as a leading cryptocurrency exchange, offers a diverse range of services that encompass various aspects of the digital asset ecosystem. Among these services, BTCC provides spot trading, allowing users to buy and sell cryptocurrencies at the current market price.

Furthermore, BTCC extends its offering to include futures trading, a derivative product that enables traders to speculate on the future price movements of cryptocurrencies without necessarily owning the underlying assets. Additionally, BTCC offers a secure wallet service, safeguarding users' digital assets and facilitating seamless transactions.

The distinction between "fee" and "price" is fundamental in understanding their respective applications. A "fee" essentially represents a payment made for the acquisition of services or a specific privilege, whereas "price" refers to the monetary value assigned to a good or service being offered for sale.

This differentiation becomes evident in our daily lives through various examples. For instance, when we join a club or organization, we pay a "membership fee" to enjoy the benefits and privileges offered by that group. Similarly, acquiring a license or permit often requires the payment of a "license fee" in exchange for the right to engage in a particular activity.

On the other hand, when shopping for goods or services, we encounter the concept of "price." This term refers to the monetary amount that must be paid to obtain an item, such as the "suggested retail price" displayed on a product or the "consumer price index," which measures changes in the average prices of consumer goods and services over time.