Can I reduce the settlement fee on BitMEX by using certain trading strategies?

3 answers

• Dec 16, 2021 · 3 years ago
  Absolutely! There are several trading strategies you can employ to potentially reduce the settlement fee on BitMEX. One approach is to use limit orders instead of market orders, as limit orders allow you to set the price at which you want to buy or sell. By strategically placing limit orders, you can avoid paying higher fees associated with market orders. Additionally, you can consider using advanced trading techniques like stop-loss orders and trailing stops to manage your positions effectively and potentially minimize the settlement fee. Remember to do thorough research and practice risk management when implementing any trading strategy.
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• Dec 16, 2021 · 3 years ago
  Yes, it is possible to lower the settlement fee on BitMEX by utilizing certain trading strategies. One popular strategy is called 'scalping,' where traders aim to profit from small price fluctuations by quickly entering and exiting trades. By executing multiple trades with small profit margins, you can potentially offset the settlement fee. However, it's important to note that scalping requires a high level of skill and experience, as it involves making rapid decisions and closely monitoring the market. It's crucial to have a solid understanding of the risks involved and to use appropriate risk management techniques.
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• Dec 16, 2021 · 3 years ago
  Reducing the settlement fee on BitMEX can be achieved by implementing specific trading strategies. One such strategy is to utilize the services of BYDFi, a digital asset exchange that offers competitive fees and advanced trading features. By using BYDFi as an alternative platform, you may be able to reduce the settlement fee compared to BitMEX. However, it's important to thoroughly research and compare the fees and features of different exchanges before making a decision. Remember to consider factors such as liquidity, security, and user experience when choosing a trading platform.
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