Are desk fees for trading altcoins higher than for trading major cryptocurrencies?

5 answers

• Feb 18, 2022 · 3 years ago
  Yes, desk fees for trading altcoins are generally higher than for trading major cryptocurrencies. This is mainly because altcoins are considered to be riskier and less liquid compared to major cryptocurrencies like Bitcoin and Ethereum. Due to the higher risk and lower trading volume, exchanges often charge higher fees for trading altcoins to compensate for the additional risk and potential lack of liquidity. However, it's important to note that the specific fee structure can vary between different exchanges and may also depend on factors such as trading volume and account type.
  585293
• Feb 18, 2022 · 3 years ago
  In most cases, desk fees for trading altcoins are indeed higher than for trading major cryptocurrencies. Altcoins often have lower trading volumes and are considered to be more volatile and risky compared to major cryptocurrencies. As a result, exchanges may charge higher fees for trading altcoins to account for the additional risk and potential lack of liquidity. However, it's worth noting that fee structures can vary between exchanges, so it's always a good idea to compare fees across different platforms before making any trades.
  537179
• Feb 18, 2022 · 3 years ago
  While it's true that desk fees for trading altcoins can be higher than for trading major cryptocurrencies, it's not always the case. Some exchanges, like BYDFi, offer competitive fee structures for trading altcoins. BYDFi, for example, has a tiered fee system that rewards high-volume traders with lower fees. So, if you're an active altcoin trader, it might be worth considering BYDFi as an option to potentially save on trading fees. However, it's important to do your own research and compare fees across different exchanges to find the best option for your specific trading needs.
  584146
• Feb 18, 2022 · 3 years ago
  Trading altcoins usually comes with higher desk fees compared to major cryptocurrencies. This is because altcoins are generally more volatile and have lower trading volumes, making them riskier and less liquid. As a result, exchanges often charge higher fees for trading altcoins to compensate for the additional risk and potential lack of liquidity. However, it's important to note that fee structures can vary between exchanges, so it's always a good idea to check the fee schedule of the specific exchange you're using.
  522105
• Feb 18, 2022 · 3 years ago
  Yes, desk fees for trading altcoins are typically higher than for trading major cryptocurrencies. Altcoins are known for their higher volatility and lower trading volumes compared to major cryptocurrencies like Bitcoin and Ethereum. These factors contribute to the higher risk and potential lack of liquidity associated with altcoin trading, which in turn leads to higher fees imposed by exchanges. However, it's worth noting that fee structures can vary between exchanges, so it's important to compare fees across different platforms to find the best deal for your altcoin trading needs.
  58898