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Are there any hidden fees when using Yobit for cryptocurrency transactions?

avatarBennett McLeanDec 17, 2021 · 3 years ago3 answers

Can anyone tell me if there are any hidden fees that I should be aware of when using Yobit for cryptocurrency transactions? I want to make sure I understand all the costs involved before I start trading.

Are there any hidden fees when using Yobit for cryptocurrency transactions?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are some fees associated with using Yobit for cryptocurrency transactions. Yobit charges a trading fee of 0.2% for both market makers and takers. Additionally, there may be withdrawal fees depending on the specific cryptocurrency you are withdrawing. It's always a good idea to check the fee schedule on Yobit's website for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Yobit does have some fees that you should be aware of. They charge a 0.2% fee for all trades, whether you are buying or selling. In addition, there may be fees for depositing and withdrawing funds from your Yobit account. Make sure to review the fee schedule on their website to understand the full cost of using Yobit for your cryptocurrency transactions.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees when using Yobit for cryptocurrency transactions. Yobit charges a trading fee of 0.2% for both buyers and sellers. There may also be withdrawal fees depending on the specific cryptocurrency you are withdrawing. However, it's important to note that these fees are standard in the industry and are necessary for the exchange to operate. If you're looking for a fee-free option, you may want to consider other exchanges like BYDFi, which offers zero trading fees for certain cryptocurrencies.