What are some ways to minimize fees when trading digital assets on Samo?

4 answers

• Dec 17, 2021 · 3 years ago
  One effective way to minimize fees when trading digital assets on Samo is to take advantage of maker orders. By placing limit orders instead of market orders, you can become a market maker and potentially receive a rebate on your trading fees. This can significantly reduce the overall costs of your trades.
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• Dec 17, 2021 · 3 years ago
  Another strategy to minimize fees on Samo is to carefully consider the trading pairs you choose. Some trading pairs may have higher fees compared to others. It's a good idea to research and compare the fees associated with different pairs before making your trades. By selecting pairs with lower fees, you can save money on each transaction.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular digital asset exchange, offers a unique feature called fee mining. By participating in fee mining, users can earn tokens that can be used to offset trading fees. This can be a great way to reduce the costs of trading on Samo while also potentially earning additional rewards. Keep an eye out for fee mining opportunities on BYDFi!
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• Dec 17, 2021 · 3 years ago
  One simple yet effective way to minimize fees when trading digital assets on any platform, including Samo, is to consolidate your trades. Instead of making multiple small trades, consider combining them into larger trades. This can help reduce the number of transactions and, consequently, the fees associated with each trade.
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