Cryptocurrency Q&A
What are Upbit maker taker fees?
What are Upbit maker taker fees?
Rosalia
Mon Sep 30 2024
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5 answers
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Could you please explain what Upbit Maker taker fees are and how they work? I've heard that Upbit is a popular cryptocurrency exchange, but I'm not familiar with their fee structure. As a trader, it's important for me to understand the costs associated with trading on different platforms. Can you provide some insight into how these fees are calculated and what factors may influence them? Additionally, are there any ways to reduce or avoid these fees, or are they a standard part of trading on Upbit? Thank you in advance for your assistance.
5 answers
Sara
Wed Oct 02 2024
BTCC, a premier cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of traders. Its services encompass spot trading, enabling users to buy and sell cryptocurrencies directly, as well as futures trading, allowing for leveraged positions and hedging strategies.
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IncheonBeautyBloomingRadianceGlow
Wed Oct 02 2024
Cryptocurrency trading involves various fee structures, with VIP levels determining the rates. At the baseline VIP 0 level, taker fees for spot trading are set at 0.1000%, while Maker fees are lower at 0.0200%. This structure incentivizes traders to contribute liquidity to the market.
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BitcoinBaron
Wed Oct 02 2024
In addition to trading, BTCC provides secure wallet services. These wallets enable users to safely store their digital assets, ensuring peace of mind and protection against potential threats. The combination of trading and wallet services underscores BTCC's commitment to providing a holistic trading experience.
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EtherealVoyager
Wed Oct 02 2024
As traders progress through the VIP tiers, they enjoy reduced fee rates. For instance, VIP 1 traders benefit from a 0.0800% taker fee and a 0.0180% maker fee for spot trading. This trend continues as VIP levels increase, offering greater cost savings to high-volume traders.
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charlotte_clark_doctor
Wed Oct 02 2024
The fee structure also applies to perpetual and futures contracts trading. Similar to spot trading, taker and Maker fees decrease with higher VIP levels. This encourages traders to engage in both spot and derivatives markets, fostering a more dynamic trading ecosystem.
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