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How can I get a discount on cryptocurrency trading fees in Canada?

avatarSneha Sagar DubyalaDec 18, 2021 · 3 years ago3 answers

I'm looking for ways to reduce the trading fees I pay when trading cryptocurrencies in Canada. Are there any strategies or methods I can use to get a discount on these fees?

How can I get a discount on cryptocurrency trading fees in Canada?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    One way to potentially get a discount on cryptocurrency trading fees in Canada is by using a referral program. Many cryptocurrency exchanges offer referral programs where you can earn discounts on your trading fees by referring new users to the platform. By sharing your referral link with friends or on social media, you can earn a percentage of their trading fees as a discount on your own fees. This can be a great way to reduce your costs and save money while trading cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    Another strategy to get a discount on cryptocurrency trading fees in Canada is by becoming a VIP member on certain exchanges. Some exchanges offer tiered membership levels where you can unlock lower trading fees by reaching certain trading volume thresholds. By consistently trading on the platform and reaching higher membership levels, you can enjoy reduced fees and potentially save a significant amount of money over time. Keep in mind that each exchange has its own VIP program with different requirements, so make sure to check the details and see if it aligns with your trading habits.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a unique way to get a discount on trading fees in Canada. They have a token called BYD that you can use to pay for trading fees. By holding a certain amount of BYD tokens in your account, you can enjoy discounted trading fees. The more BYD tokens you hold, the higher the discount you receive. This can be a great option for frequent traders who want to reduce their fees and maximize their profits. Make sure to check out BYDFi's website for more information on how to participate in their token economy and take advantage of this discount.