Cryptocurrency Q&A
What are Coinsbit transaction fees?
What are Coinsbit transaction fees?
StormGalaxy
Thu Oct 10 2024
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7 answers
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I'm curious about the transaction fees on Coinsbit. I want to know how much it costs to make trades or perform other transactions on the platform. Are the fees fixed or variable, and how do they compare to other cryptocurrency exchanges?
7 answers
Federico
Sat Oct 12 2024
Contrastingly, Binance offers more competitive rates, with a maximum taker fee of 0.1% and a minimum maker fee of 0.012%. This structure encourages traders to provide liquidity to the market by offering more favorable fees for makers.
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Giulia
Sat Oct 12 2024
Trading fees are an integral part of cryptocurrency exchanges, with each platform offering varying rates for traders. When comparing popular exchanges like Coinsbit and Binance, it's essential to consider their fee structures.
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DaeguDivaDanceQueen
Sat Oct 12 2024
At Coinsbit, the maximum taker fee stands at 0.2%, while the minimum maker fee is also 0.2%. This indicates a relatively uniform approach to trading costs, with no significant incentives for market making.
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GeishaElegance
Fri Oct 11 2024
On the other hand, Binance offers a significantly lower fee of 0.01 for debit/credit card purchases, making it a more cost-effective option for those looking to buy cryptocurrencies with their cards.
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CharmedEcho
Fri Oct 11 2024
For traders looking to minimize their costs, Binance's lower maker fees can be a significant advantage. However, the minimum taker fee at Binance, 0.024%, is still lower than Coinsbit's standard 0.2%, making it an attractive option for all types of traders.
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