Cryptocurrency Q&A
What is StormGain funding fee?
What is StormGain funding fee?
Nicolo
Thu Sep 05 2024
|
5 answers
1041
Could you please clarify what the StormGain funding fee entails? Is it a fee charged for accessing the platform's funding services, or is it a fee associated with specific transactions or activities? Additionally, how does this fee compare to similar platforms in the cryptocurrency space? Is it a fixed amount or a percentage-based fee? Lastly, are there any ways to reduce or avoid this fee altogether?
5 answers
MichaelSmith
Sat Sep 07 2024
Funding on cryptocurrency exchanges is a crucial aspect of trading, as it allows traders to borrow funds to increase their exposure to market movements. When buying on a margin, traders can take advantage of the "Funding (Buy, rate for 8 hours)" rate, which at BTCC is -0.010%. This negative rate means that traders are effectively earning a small fee for borrowing funds to go long on the market.
Was this helpful?
331
37
ZenBalanced
Fri Sep 06 2024
On the other hand, when selling on a margin, traders are required to pay the "Funding (Sell, rate for 8 hours)" rate, which at BTCC is 0.010%. This small fee is charged for the privilege of borrowing funds to go short on the market. These funding rates are essential for maintaining the balance of the market and ensuring fair trading conditions.
Was this helpful?
170
27
Elena
Fri Sep 06 2024
In terms of trade amounts, BTCC has set clear limits for both minimum and maximum trade sizes. The minimal trade amount is 10.000 units of the respective cryptocurrency, ensuring that traders cannot place excessively small orders that may disrupt the market.
Was this helpful?
292
55
SoulWhisper
Fri Sep 06 2024
At the same time, the maximal trade amount is set at 15000.000 units, providing traders with ample room to execute large trades without fear of exceeding limits. These trade limits are designed to promote stability and liquidity in the market, ensuring that traders can execute their strategies with confidence.
Was this helpful?
172
97
Martino
Fri Sep 06 2024
BTCC, as a top cryptocurrency exchange, offers a wide range of services to traders. These services include spot trading, which allows traders to buy and sell cryptocurrencies at the current market price, as well as futures trading, which allows traders to speculate on future price movements. Additionally, BTCC provides a secure wallet service for storing cryptocurrencies, ensuring that traders' funds are kept safe and secure.
Was this helpful?
76
68
