Cryptocurrency Q&A
Who charges exchange transaction charges?
Who charges exchange transaction charges?
AltcoinAdventurer
Thu Sep 05 2024
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6 answers
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I'm curious to know, who exactly is responsible for levying exchange transaction charges in the world of cryptocurrency? Are these fees imposed by the exchanges themselves, or are there external entities that determine the rates? Furthermore, how do these charges vary across different exchanges and trading platforms? Is there a standardized approach to calculating these fees, or do they differ significantly based on factors such as the volume of transactions, the type of cryptocurrency being traded, or the specific services offered by the exchange?
6 answers
Valentina
Sat Sep 07 2024
Transaction fees, also known as turnover fees, are levied by share brokers in India for trades conducted on major stock exchanges such as BSE, NSE, and MCX.
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Daniele
Sat Sep 07 2024
These fees typically encompass two primary components: Exchange Turnover Charges and Clearing Charges.
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SakuraWhisper
Fri Sep 06 2024
Exchange Turnover Charges are fees imposed by the stock exchanges themselves for facilitating the trade execution process.
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Martino
Fri Sep 06 2024
Meanwhile, Clearing Charges are levied by clearing corporations to ensure the smooth settlement of trades and to mitigate risks associated with default.
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SoulWhisper
Fri Sep 06 2024
The amount of transaction fees can vary depending on various factors, including the volume of trades executed, the type of securities traded, and the brokerage firm's fee structure.
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