What are the fees associated with shorting a crypto coin?

3 answers

• Feb 17, 2022 · 3 years ago
  When it comes to shorting a crypto coin, there are a few fees you need to be aware of. Firstly, most exchanges charge a borrowing fee for borrowing the coins you want to short. This fee is usually a percentage of the borrowed amount and can vary depending on the exchange and the specific coin. Additionally, there may be an interest fee charged for holding the borrowed coins over a certain period of time. It's important to check with your exchange to understand their specific fee structure for shorting cryptocurrencies.
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• Feb 17, 2022 · 3 years ago
  Shorting a crypto coin typically involves paying a borrowing fee and an interest fee. The borrowing fee is the cost of borrowing the coins you want to short, and it's usually a percentage of the borrowed amount. The interest fee is charged for holding the borrowed coins over time. The exact fees can vary depending on the exchange and the specific coin you're shorting. It's always a good idea to check with your exchange to get the most accurate information on the fees associated with shorting a crypto coin.
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• Feb 17, 2022 · 3 years ago
  Shorting a crypto coin can come with various fees. When you borrow coins to short, you'll typically pay a borrowing fee, which is a percentage of the borrowed amount. Additionally, there may be an interest fee for holding the borrowed coins over time. The exact fees can vary depending on the exchange you're using. For example, at BYDFi, the borrowing fee for shorting a crypto coin is 0.2% of the borrowed amount, and there is an interest fee of 0.1% per day for holding the borrowed coins. It's important to consider these fees when deciding to short a crypto coin.
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