What are the fees for trading on Bitfinex exchange?
Ken W.Dec 17, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with trading on the Bitfinex exchange? I would like to know the different types of fees, how they are calculated, and if there are any discounts or promotions available.
3 answers
- Dec 17, 2021 · 3 years agoTrading fees on Bitfinex vary depending on the type of trade you make. For market makers, who add liquidity to the order book, the fees range from 0% to 0.1%. Market takers, who remove liquidity from the order book, are charged a fee ranging from 0.1% to 0.2%. The fees are calculated based on your trading volume over the past 30 days, with higher volume traders receiving lower fees. Bitfinex also offers a fee discount program for high-volume traders. You can find more details on the Bitfinex website.
- Dec 17, 2021 · 3 years agoWhen it comes to trading fees on Bitfinex, it's important to understand that they are dynamic and can change based on market conditions. The fees are calculated based on your trading volume and can range from 0.1% to 0.2% for market takers and 0% to 0.1% for market makers. It's always a good idea to check the Bitfinex website for the most up-to-date fee structure and any promotions or discounts that may be available.
- Dec 17, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that Bitfinex is known for its competitive trading fees. The exchange offers a tiered fee structure, which means that the more you trade, the lower your fees will be. Market makers, who provide liquidity to the market, can enjoy fees as low as 0%, while market takers, who remove liquidity, will have to pay a fee ranging from 0.1% to 0.2%. Additionally, Bitfinex occasionally runs promotions and discounts for certain trading pairs, so it's worth keeping an eye out for any special offers.
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