Cryptocurrency Q&A
How much does Paxos charge?
How much does Paxos charge?
Elena
Tue Jul 23 2024
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6 answers
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As a keen observer of the cryptocurrency and finance landscape, I'm curious to understand the cost structure associated with Paxos. Could you elaborate on the various fees Paxos charges for its services? Specifically, I'm interested in knowing if there are any upfront setup costs, transaction fees, custody fees, or any other recurring charges that a user or business might encounter when utilizing Paxos' platform. Understanding these costs would help me determine if Paxos is a viable option for my financial needs.
6 answers
Valentina
Thu Jul 25 2024
For every transaction executed on their platforms, Paxos and Zero Hash impose a commission charge equivalent to 18 basis points (bps) of the trade value. This fee is applied uniformly to all trades, ensuring fairness and transparency.
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SeoulStyle
Thu Jul 25 2024
However, there is a minimum commission threshold that applies to all executed orders. Specifically, the minimum commission stands at USD 1.75. This means that even for small trades, the commission will not be less than this amount.
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DigitalLegendGuard
Thu Jul 25 2024
This fee structure allows Paxos and Zero Hash to offer their services at a competitive price point while still maintaining profitability. The 18 bps commission rate is considered industry-standard for many digital asset exchanges.
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Elena
Thu Jul 25 2024
Paxos and Zero Hash, both leading financial institutions in the digital asset space, adopt a fee structure that reflects the efficiency and competitiveness of their services.
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lucas_emma_entrepreneur
Thu Jul 25 2024
The minimum USD 1.75 commission ensures that the platform can sustain its operations even for very small trades. It also discourages users from executing numerous small trades to avoid paying higher fees, promoting more efficient trading behavior.
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