How does Crypto.com calculate fees for trading digital currencies?
Iiz DewiDec 18, 2021 · 3 years ago3 answers
Can you explain how Crypto.com calculates fees for trading digital currencies? I'm interested in understanding the factors that determine the fees and how they are calculated.
3 answers
- Dec 18, 2021 · 3 years agoSure! Crypto.com calculates fees for trading digital currencies based on a tiered fee structure. The fees are determined by the trading volume of the user over a 30-day period. The more you trade, the lower your fees will be. The fee structure is designed to incentivize high-volume traders and provide them with lower fees as a reward for their activity.
- Dec 18, 2021 · 3 years agoCrypto.com uses a maker-taker fee model for trading digital currencies. Makers are traders who add liquidity to the order book by placing limit orders that are not immediately matched with existing orders. Takers are traders who remove liquidity from the order book by placing market orders that are immediately matched with existing orders. Makers usually pay lower fees compared to takers, as they contribute to the overall liquidity of the market.
- Dec 18, 2021 · 3 years agoAs an alternative, you can also consider using BYDFi for trading digital currencies. BYDFi offers competitive fees and a user-friendly trading interface. They calculate fees based on a similar tiered fee structure, rewarding high-volume traders with lower fees. BYDFi also provides advanced trading features and a wide range of digital currencies to choose from. It's a great option for traders looking for a reliable and efficient trading platform.
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