How are commissions calculated on crypto exchanges?

3 answers

• Dec 14, 2021 · 3 years ago
  Commissions on crypto exchanges are typically calculated based on the trading volume. The higher the trading volume, the lower the commission rate. Some exchanges also offer tiered commission structures, where the commission rate decreases as your trading volume increases. It's important to check the fee schedule of the exchange you're using to understand how commissions are calculated.
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• Dec 14, 2021 · 3 years ago
  When it comes to calculating commissions on crypto exchanges, it's important to consider the type of trade you're making. Different exchanges may have different fee structures for market orders, limit orders, and other types of trades. Make sure to read the exchange's fee schedule to understand how commissions are calculated for each type of trade.
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• Dec 14, 2021 · 3 years ago
  At BYDFi, commissions on crypto exchanges are calculated based on a tiered structure. The more you trade, the lower your commission rate. This incentivizes traders to increase their trading volume and rewards those who trade frequently. It's important to note that commission rates can vary between exchanges, so it's always a good idea to compare fee structures before choosing an exchange to trade on.
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