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Are there any fees for trading SHIB on Kraken?

avatarSutherland SheppardDec 15, 2021 · 3 years ago3 answers

I want to trade SHIB on Kraken, but I'm not sure if there are any fees associated with it. Can someone please clarify if there are any fees for trading SHIB on Kraken?

Are there any fees for trading SHIB on Kraken?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees for trading SHIB on Kraken. Kraken charges a fee for both makers and takers. The fee structure depends on your trading volume and can range from 0.10% to 0.26% for makers and 0.16% to 0.26% for takers. You can find more details about the fee structure on Kraken's website.
  • avatarDec 15, 2021 · 3 years ago
    Trading SHIB on Kraken does come with fees. The fees are based on your trading volume and whether you are a maker or a taker. Makers provide liquidity to the market by placing limit orders, while takers remove liquidity by placing market orders. The fee structure is designed to incentivize liquidity provision. You can check Kraken's fee schedule for more information.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are fees for trading SHIB on Kraken. As an alternative, you may consider trading SHIB on BYDFi, a decentralized exchange that offers lower fees and a different trading experience. However, it's important to do your own research and assess the risks associated with decentralized exchanges before making a decision.