Cryptocurrency Q&A
Are Phemex fees high?
Are Phemex fees high?
EchoWhisper
Fri Sep 06 2024
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7 answers
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Are the fees charged by Phemex considered to be on the higher side compared to other cryptocurrency exchanges? Do they offer competitive pricing, or do traders need to be mindful of potentially higher costs when conducting transactions on the platform? It's important to understand the overall cost structure of trading on Phemex to make informed decisions about whether it's the right exchange for your needs.
7 answers
CryptoAlchemyMaster
Sun Sep 08 2024
Trading fees are a common aspect of cryptocurrency exchanges, and Phemex is no exception.
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KatanaBladed
Sun Sep 08 2024
When trading on Phemex, users are charged a fee for their transactions.
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SoulWhisper
Sun Sep 08 2024
Makers, who place orders that are not immediately filled, are charged a fee of 0.01% of the transaction amount.
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Giuseppe
Sat Sep 07 2024
Takers, who place orders that are immediately filled, are charged a higher fee of 0.06% of the transaction amount.
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CryptoElite
Sat Sep 07 2024
However, Phemex offers incentives for users to trade more frequently and in larger volumes.
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