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Are there any fees associated with setting a limit order on KuCoin?

avatartrey denbyDec 17, 2021 · 3 years ago3 answers

I am interested in setting a limit order on KuCoin, but I'm not sure if there are any fees associated with it. Can you please provide me with information about the fees involved in setting a limit order on KuCoin?

Are there any fees associated with setting a limit order on KuCoin?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with setting a limit order on KuCoin. When you place a limit order, you are essentially setting a specific price at which you want to buy or sell a particular cryptocurrency. KuCoin charges a trading fee for executing limit orders. The fee structure varies depending on your trading volume and whether you are a maker or a taker. It's important to check KuCoin's fee schedule for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Like most cryptocurrency exchanges, KuCoin charges fees for placing limit orders. These fees are typically a percentage of the total transaction value. The exact fee percentage may vary depending on factors such as your trading volume and membership level. It's always a good idea to review the fee schedule on KuCoin's website to get the most accurate and up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with setting a limit order on KuCoin. However, the fee structure can be quite competitive compared to other exchanges. KuCoin offers a tiered fee system, where the more you trade, the lower your fees will be. As a third-party exchange, BYDFi also offers a similar fee structure for limit orders. It's important to consider these fees when planning your trading strategy on KuCoin or BYDFi.