How does Polymarket calculate fees for digital currency transactions?

3 answers

• Nov 26, 2021 · 3 years ago
  Polymarket calculates fees for digital currency transactions based on a tiered fee structure. The fees are determined by the trading volume of the user over a 30-day period. The higher the trading volume, the lower the fees. This encourages users to trade more and provides incentives for active traders. The fees are automatically deducted from the user's account balance at the time of the transaction. It's important to note that the fees may vary for different digital currencies and trading pairs.
  502251
• Nov 26, 2021 · 3 years ago
  When it comes to calculating fees for digital currency transactions, Polymarket takes into account several factors. These factors include the type of digital currency being traded, the trading volume, and the current market conditions. The fees are typically a percentage of the transaction amount and may vary depending on the specific circumstances. Polymarket aims to provide competitive fees to its users while ensuring the sustainability of its operations.
  461154
• Nov 26, 2021 · 3 years ago
  At BYDFi, we calculate fees for digital currency transactions in a similar manner to Polymarket. We also have a tiered fee structure based on trading volume. The fees are automatically deducted from the user's account balance and are transparently displayed during the transaction process. Our goal is to provide a fair and competitive fee structure that aligns with the value we provide to our users.
  401101