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TagsWhat are the withdrawal fees for derivatives in the cryptocurrency market?
McLain SmallDec 20, 2021 · 3 years ago1 answersCan you provide more information about the withdrawal fees for derivatives in the cryptocurrency market? I'm interested in understanding the costs associated with withdrawing funds from derivative trading platforms. Specifically, I would like to know how these fees are calculated and if they vary across different platforms. Additionally, are there any factors that can affect the withdrawal fees? Please provide a detailed explanation.
1 answers
- At BYDFi, one of the leading cryptocurrency derivative trading platforms, the withdrawal fees for derivatives are calculated based on a tiered fee structure. The fees range from 0.05% to 0.25% of the withdrawn amount, depending on the user's trading volume. Higher-volume traders can enjoy lower fees. Additionally, BYDFi offers a fee discount program for users who hold a certain amount of BYD tokens. This program allows users to reduce their withdrawal fees by up to 50%. It's important to note that the fee structure and discount program may be subject to change, so it's recommended to visit the BYDFi website or contact their customer support for the most up-to-date information.Dec 20, 2021 · 3 years ago
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