Cryptocurrency Q&A
What is the Luno exchange fee structure?
What is the Luno exchange fee structure?
Margherita
Sun Jul 07 2024
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6 answers
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Could you elaborate on the fee structure imposed by the Luno exchange? I'm curious about the deposit fees, trading fees, and any other additional costs associated with using their services. How do these compare to other cryptocurrency exchanges in the market? Are there any discounts or incentives for high-volume traders? Understanding the full cost of trading on Luno is crucial for making informed decisions about where to invest my capital.
6 answers
BusanBeautyBlooming
Tue Jul 09 2024
The Luno Exchange utilizes the widely adopted maker-taker fee model to determine its transaction fees.
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Martino
Tue Jul 09 2024
Under this model, market makers play a crucial role by placing bids and offers using their local currency on the exchange.
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henry_rose_scientist
Tue Jul 09 2024
These market makers provide liquidity to the exchange, enabling other traders to buy and sell Bitcoin efficiently.
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CryptoVanguard
Tue Jul 09 2024
The Luno Exchange has implemented a revised fee structure that favors those engaging in substantial Bitcoin trades.
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Michele
Tue Jul 09 2024
As part of this process, the local currency deposited by market makers is reserved for potential use in future Bitcoin purchases.
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