Why do some cryptocurrency exchanges charge a commission for trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Cryptocurrency exchanges charge a commission for trading because it is their primary source of revenue. Running an exchange involves significant costs, such as maintaining the trading platform, ensuring security, and complying with regulations. By charging a commission, exchanges can cover these expenses and continue to provide a reliable and secure trading environment for users. The commission is typically a percentage of the trading volume or a fixed fee per trade.
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• Dec 17, 2021 · 3 years ago
  Well, you see, cryptocurrency exchanges are not charities. They need to make money somehow, right? So, they charge a commission for trading. It's like a small fee you pay for using their services. Think of it as the price you pay for the convenience of buying and selling cryptocurrencies on their platform. It's just the way things work in the crypto world.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that some exchanges charge a commission for trading because it helps them cover their operational costs. These costs include things like server maintenance, customer support, and regulatory compliance. However, not all exchanges charge a commission. For example, BYDFi, a decentralized finance platform, doesn't charge any commission for trading. They believe in providing a fair and transparent trading experience for their users.
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