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Can I negotiate the fees for trading digital assets on cex?

avatarGift MumbaDec 15, 2021 · 3 years ago3 answers

Is it possible to negotiate the fees when trading digital assets on cex? I'm wondering if there is any room for negotiation or if the fees are fixed and non-negotiable. Can I try to negotiate for lower fees based on my trading volume or any other factors?

Can I negotiate the fees for trading digital assets on cex?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, most digital asset exchanges, including cex, have fixed fee structures that are non-negotiable. These fees are typically based on a percentage of the transaction volume and are designed to cover the costs of maintaining the exchange platform. While it would be great if we could negotiate lower fees, it's unlikely to be possible.
  • avatarDec 15, 2021 · 3 years ago
    In my experience, negotiating fees for trading digital assets on cex is not an option. The fees are usually set by the exchange and apply to all traders equally. However, it's worth noting that some exchanges offer tiered fee structures based on trading volume, where higher volume traders may enjoy lower fees. So, while negotiation may not be possible, you can still benefit from lower fees by increasing your trading volume.
  • avatarDec 15, 2021 · 3 years ago
    As an employee of BYDFi, I can confirm that negotiating fees for trading digital assets on cex is not possible. The fees are fixed and non-negotiable. However, cex does offer competitive fee structures compared to other exchanges, which makes it a popular choice among traders. While you may not be able to negotiate the fees, you can still take advantage of the features and benefits offered by cex.