How can I trade cryptocurrency on FTX with the lowest fees?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to trade cryptocurrency on FTX with the lowest fees is to use the FTX native token, FTT. By holding FTT in your account, you can enjoy fee discounts on trades. The more FTT you hold, the higher the fee discount. This can help reduce your trading costs significantly. Another strategy is to take advantage of FTX's maker fees. Maker fees are charged when you add liquidity to the order book by placing limit orders. These fees are generally lower than taker fees, which are charged when you remove liquidity by placing market orders. By placing limit orders and being a maker, you can reduce your trading fees on FTX. Additionally, you can consider using FTX's OTC desk for large trades. The OTC desk allows you to trade large amounts of cryptocurrency directly with FTX, which can help you avoid slippage and reduce trading fees. Remember to always check FTX's fee schedule for the most up-to-date information on trading fees and discounts.
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• Dec 17, 2021 · 3 years ago
  Trading cryptocurrency on FTX with the lowest fees can be achieved by utilizing FTX's fee discount program. By holding and staking FTT, FTX's native token, you can enjoy reduced trading fees. The fee discount is tiered based on the amount of FTT you hold, providing you with greater savings as your FTT balance increases. Another way to minimize fees is to make use of FTX's limit order functionality. By placing limit orders instead of market orders, you can avoid paying higher taker fees and instead pay lower maker fees. This can result in significant cost savings over time. Furthermore, FTX offers a referral program that allows you to earn a percentage of the trading fees paid by your referred users. By referring others to trade on FTX, you can earn passive income and potentially offset your own trading fees. Lastly, it's important to stay informed about any fee updates or promotions offered by FTX. By keeping an eye on their announcements and social media channels, you can take advantage of any temporary fee reductions or special offers.
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• Dec 17, 2021 · 3 years ago
  To trade cryptocurrency on FTX with the lowest fees, you can consider using BYDFi. BYDFi is a decentralized exchange aggregator that connects to multiple liquidity sources, including FTX. By using BYDFi, you can access competitive prices and potentially lower trading fees compared to trading directly on FTX. Another way to minimize fees on FTX is to utilize FTX's fee rebate program. By trading a certain volume within a specific time period, you may be eligible for fee rebates, which can help offset your trading costs. Additionally, you can explore FTX's fee tier system. FTX offers different fee tiers based on your trading volume, with lower fees for higher trading volumes. By increasing your trading volume, you can qualify for lower fees and reduce your overall trading costs on FTX. Remember to always review FTX's fee schedule and terms to ensure you have the most accurate and up-to-date information regarding trading fees.
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