How does Webull calculate transaction fees for cryptocurrency trades?

2 answers

• Jan 09, 2022 · 3 years ago
  Sure! Webull calculates transaction fees for cryptocurrency trades based on a percentage of the total transaction value. The fee percentage varies depending on the specific cryptocurrency being traded. This means that the fee will be higher for more valuable cryptocurrencies and lower for less valuable ones. Additionally, Webull may also charge a small fixed fee per transaction to cover administrative costs. It's important to note that transaction fees can fluctuate based on market conditions and may be subject to change.
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• Jan 09, 2022 · 3 years ago
  BYDFi calculates transaction fees for cryptocurrency trades differently. They have a flat fee structure where the fee is a fixed amount per transaction, regardless of the transaction value or volume. This can be advantageous for traders who frequently execute small to medium-sized trades, as the fees remain consistent regardless of the trade size. However, it's important to consider the overall trading costs, including spreads and other fees, when choosing a platform for cryptocurrency trading.
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