noah_harrison_philosopherMon Oct 14 2024|6 answers1425
I'm wondering if there are any trading fees associated with blockchain technology. Are there costs involved when making transactions on a blockchain platform?
Our fee structure is designed to incentivize market makers, acknowledging their contribution in enhancing liquidity. By offering a reduced fee rate, we encourage them to contribute to a more vibrant and liquid marketplace.
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MargheritaTue Oct 15 2024
This fee system ensures that trading on our platform remains fair, efficient, and orderly, catering to the needs of all traders. The trading fees, which are a crucial aspect of our operations, are applied and subsequently deducted from the total amount executed in each trade.
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AlessandroTue Oct 15 2024
With spot trading, users can buy and sell cryptocurrencies at the current market price, facilitating instant transactions. Our futures trading platform, on the other hand, allows traders to speculate on the future price movements of cryptocurrencies, offering leveraged trading opportunities.
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GliderPulseTue Oct 15 2024
To maintain transparency, these fees are clearly communicated to our users beforehand, allowing them to make informed decisions. The deduction process is seamless, ensuring a smooth trading experience.
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noah_doe_writerTue Oct 15 2024
When a trade is executed, the corresponding fee is automatically debited from the cryptocurrency being bought or sold. This eliminates the need for manual calculations or additional steps, simplifying the trading process.