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Are there any fees associated with ioc orders on cryptocurrency exchanges?

avatarAlbert Putra PratamaNov 28, 2021 · 3 years ago3 answers

Can you please explain if there are any fees associated with immediate-or-cancel (IOC) orders on cryptocurrency exchanges? I would like to know if I will be charged any additional fees for using this type of order.

Are there any fees associated with ioc orders on cryptocurrency exchanges?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Yes, there may be fees associated with IOC orders on cryptocurrency exchanges. These fees can vary depending on the exchange you are using and the specific terms and conditions they have in place. It is important to carefully review the fee structure of the exchange you are using to understand any potential costs associated with IOC orders. Some exchanges may charge a flat fee per IOC order, while others may charge a percentage of the total order value. Additionally, there may be additional fees for certain types of IOC orders, such as market IOC orders. It is always a good idea to familiarize yourself with the fee structure of the exchange you are using to avoid any surprises.
  • avatarNov 28, 2021 · 3 years ago
    Absolutely! When it comes to IOC orders on cryptocurrency exchanges, fees are something you need to consider. Different exchanges have different fee structures, so it's important to do your research and find out what fees you may be subject to. Some exchanges may charge a flat fee per IOC order, while others may have a tiered fee structure based on the size of your order. Additionally, some exchanges may charge a percentage of the total order value as a fee. It's always a good idea to read the terms and conditions of the exchange you are using to understand the fees associated with IOC orders.
  • avatarNov 28, 2021 · 3 years ago
    Yes, there are fees associated with IOC orders on cryptocurrency exchanges. For example, on BYDFi, there is a flat fee of 0.1% per IOC order. This fee is charged on the total order value and is deducted from your account balance. It's important to note that this fee is subject to change and may vary depending on market conditions. Other exchanges may have different fee structures, so it's always a good idea to check the fee schedule of the exchange you are using before placing an IOC order.