Cryptocurrency Q&A
How do I avoid fees on Kraken?
How do I avoid fees on Kraken?
EnchantedSeeker
Thu Sep 05 2024
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7 answers
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Hello, I'm interested in minimizing costs when using Kraken for my cryptocurrency transactions. Can you explain to me some strategies or tips for avoiding fees on the platform? Are there any specific features or settings that I should be aware of to optimize my experience and keep my expenses low? I'd appreciate any guidance you can offer to help me navigate the fees associated with using Kraken effectively.
7 answers
MysticMoon
Fri Sep 06 2024
However, when it comes to more advanced trading techniques, such as using leverage, the fee structure can be more complex. Leverage allows traders to borrow funds to increase their potential profits, but it also comes with risks and additional costs.
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emma_lewis_pilot
Fri Sep 06 2024
In the case of using leverage on a cryptocurrency exchange, traders may be subject to additional margin opening and rollover fees. These fees are separate from the trading fees associated with executed orders and can vary depending on the exchange and the specific terms of the leverage agreement.
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Leonardo
Fri Sep 06 2024
In the world of cryptocurrency trading, it's important to understand the various fee structures associated with different exchanges and transactions. One key aspect to consider is the handling of cancelled orders.
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Andrea
Fri Sep 06 2024
It's important for traders to carefully consider the implications of using leverage before making a decision. While it can offer the potential for greater profits, it also increases the risk of loss and can result in higher fees.
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EmilyJohnson
Fri Sep 06 2024
Specifically, when an order is cancelled before it is executed, it is referred to as an "untouched" order. It's crucial to note that these untouched orders typically do not result in any fees being charged to the trader.
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