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What are the fees associated with trading Monero on Kraken?

avatarmd sumithNov 25, 2021 · 3 years ago1 answers

Can you provide details on the fees that are involved when trading Monero on the Kraken exchange? I would like to know the different types of fees, such as trading fees, deposit fees, withdrawal fees, and any other fees that may be applicable. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available to reduce the fees.

What are the fees associated with trading Monero on Kraken?
Monero
Kraken
Trading Fees

1 answers

  • avatarNov 25, 2021 · 3 years ago
    When it comes to trading Monero on Kraken, there are fees involved. The trading fees on Kraken are based on a maker-taker model. Makers, who provide liquidity to the market, are charged a fee ranging from 0% to 0.16% depending on the trading volume. Takers, who remove liquidity from the market, are charged a fee ranging from 0.10% to 0.26% also depending on the trading volume. These fees are calculated based on the trading volume in the last 30 days. In addition to trading fees, there may be deposit and withdrawal fees depending on the funding method and currency used. It's worth noting that Kraken offers a fee discount for makers, which means that makers can actually earn a rebate on their trades. For more detailed information on the fee structure and any available discounts, it's recommended to visit the Kraken website.

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