Cryptocurrency Q&A
What is the cheapest crypto fees?
What is the cheapest crypto fees?
Giulia
Tue Oct 08 2024
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5 answers
1117
Could you please clarify what you mean by "cheapest crypto fees"? Are you referring to the transaction fees associated with buying, selling, or transferring cryptocurrencies? Or are you looking for the cryptocurrencies with the lowest overall costs to hold and manage? It's important to note that transaction fees can vary greatly depending on the cryptocurrency and the platform being used, so it's important to do your research and compare options before making a decision. Additionally, some platforms may offer discounts or promotions that can help reduce fees, so it's always a good idea to keep an eye out for those as well.
5 answers
EchoSolitude
Thu Oct 10 2024
Kraken, a cryptocurrency exchange known for its security, charges a maker fee of 0.25%. Kraken also offers discounts for volume trading, with discounts of up to 0% or 0.1% for high-volume traders. These discounts can make trading on Kraken more affordable for traders who execute a large number of orders.
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Andrea
Thu Oct 10 2024
Cryptocurrency exchanges often charge fees for their services, which vary depending on the platform and the type of transaction. Maker fees, which are charged when an order is placed that adds liquidity to the market, are one of the main fees that traders encounter. The percentage charged can vary significantly between exchanges.
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CryptoPioneer
Thu Oct 10 2024
OKX, a global cryptocurrency exchange, offers a competitive Maker fee of 0.080%. OKX also provides discounts for volume trading, with discounts of up to -0.005% or 0.015% for high-volume traders. This negative discount is unique and allows traders to earn a rebate on their trading fees.
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Elena
Thu Oct 10 2024
Binance, a popular cryptocurrency exchange, charges a maker fee of 0.1000%. However, Binance offers discounts for volume trading, with discounts of up to 0.0090% or 0.0180% for high-volume traders. This can make trading on Binance more cost-effective for those who frequently execute large orders.
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benjamin_rose_author
Thu Oct 10 2024
Coinbase, another well-known cryptocurrency exchange, charges a Maker fee of 40 basis points (bps), which is equivalent to 0.40%. Like Binance, Coinbase also offers discounts for volume trading, with discounts of up to 5bps or 0bps for high-volume traders.
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