Cryptocurrency Q&A
What is the transaction fee for HitBTC?
What is the transaction fee for HitBTC?
KimonoSerenity
Sat Sep 14 2024
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6 answers
1020
Could you please elaborate on the transaction fee structure for HitBTC? Is there a flat fee or is it a percentage-based fee? Additionally, are there any additional fees to consider, such as withdrawal fees or deposit fees? It would be helpful to know if these fees vary depending on the cryptocurrency being traded and the transaction size. Clarifying these points would provide a more comprehensive understanding of the cost associated with trading on HitBTC.
6 answers
benjamin_rose_author
Mon Sep 16 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of traders in the digital asset space. From spot trading to futures trading, BTCC provides a robust platform for traders to execute their strategies.
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Stefano
Mon Sep 16 2024
In the world of cryptocurrency trading, traders who contribute to market liquidity by placing orders that do not immediately match with existing bids or asks are referred to as "makers". These traders, by placing their orders below the best buy price or above the best sell price, are effectively adding depth to the market.
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MichaelSmith
Mon Sep 16 2024
As a reward for their role in enhancing market liquidity, exchanges like HitBTC offer incentives to makers. Specifically, makers on HitBTC enjoy reduced trading fees compared to takers, who are traders who execute orders that immediately match with existing bids or asks.
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Stefano
Mon Sep 16 2024
For traders just starting out on HitBTC, the fee structure is straightforward. Makers are charged a fee of 0.1% on their trades, while takers are charged a slightly higher fee of 0.2%. This fee structure serves as an incentive for traders to contribute to market liquidity by acting as makers.
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ShintoBlessing
Sun Sep 15 2024
In addition to its trading services, BTCC also offers a secure and reliable wallet solution for storing digital assets. This wallet service allows traders to safely store their cryptocurrencies and access them whenever they need to, without having to worry about the risks associated with storing them on less secure platforms.
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