What is the fee structure for trading on Bitfinex?
priya rawatDec 16, 2021 · 3 years ago1 answers
Can you please provide a detailed explanation of the fee structure for trading on Bitfinex? I would like to know the different fees involved in trading on this platform.
1 answers
- Dec 16, 2021 · 3 years agoAs a representative of BYDFi, I can provide you with the fee structure for trading on Bitfinex. Bitfinex charges both maker and taker fees. The maker fee starts at 0.1% and can go as low as 0% depending on your trading volume. The taker fee starts at 0.2% and can also be reduced based on your trading volume. Additionally, Bitfinex charges withdrawal fees for transferring your funds out of the platform. The withdrawal fees vary depending on the cryptocurrency you are withdrawing. It's worth noting that Bitfinex offers fee discounts for users who hold the platform's native token, UNUS SED LEO (LEO). By holding LEO, you can enjoy reduced trading fees. I hope this information is helpful. If you have any more questions, feel free to ask.
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