Is it possible to negotiate the custodial fee with a cryptocurrency exchange?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, it is possible to negotiate the custodial fee with some cryptocurrency exchanges. While not all exchanges may be open to negotiation, it doesn't hurt to try. You can start by reaching out to the exchange's customer support or account manager and expressing your interest in negotiating the fee. Provide them with reasons why you believe you deserve a better rate, such as your trading volume or loyalty to the exchange. Be polite and professional in your communication, and be prepared to provide any necessary documentation to support your case. Remember, the exchange has the final say, but it's worth a shot to negotiate and potentially save some money on custodial fees.
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• Nov 27, 2021 · 3 years ago
  Negotiating the custodial fee with a cryptocurrency exchange can be a tricky task. While some exchanges may be open to negotiation, others may have fixed fee structures that are non-negotiable. It's important to research the exchange's policies and terms before attempting to negotiate. If negotiation is possible, it's best to approach the exchange with a clear understanding of your value as a customer. Highlight any unique circumstances or factors that may warrant a lower fee, such as a large trading volume or long-term commitment to the exchange. However, keep in mind that not all exchanges may be willing to negotiate, so it's important to be prepared for the possibility of a fixed fee.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of transparency and fair pricing. While we cannot speak for other exchanges, we do offer the option to negotiate the custodial fee with our customers. We believe in building long-term relationships with our clients and are open to discussing fee structures that align with their needs. If you're interested in negotiating the custodial fee, please reach out to our customer support team, and we'll be happy to explore the possibilities with you.
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