What are some ways to avoid paying fees on BitMEX?

4 answers

• Dec 18, 2021 · 3 years ago
  One way to avoid paying fees on BitMEX is by using the 'Maker' order type. When you place a 'Maker' order, you provide liquidity to the market by placing an order that is not immediately matched with an existing order. This means that you are adding liquidity to the order book and helping to create a more efficient market. In return, BitMEX rewards 'Makers' by not charging them any fees. So, if you want to avoid fees, consider using the 'Maker' order type.
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• Dec 18, 2021 · 3 years ago
  Another strategy to avoid paying fees on BitMEX is by taking advantage of the referral program. BitMEX offers a referral program where you can earn a percentage of the trading fees paid by your referred users. By referring new users to BitMEX, you can earn a commission on their trading activity, which can help offset or even eliminate your own fees. So, if you have a network of traders or friends who are interested in trading on BitMEX, consider referring them to the platform to reduce your fees.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique feature that allows users to trade without paying any fees. This feature is called 'Zero-Fee Trading' and it is available to all users on the platform. With 'Zero-Fee Trading', you can execute trades without incurring any fees, which can significantly reduce your trading costs. So, if you want to avoid paying fees on BitMEX, consider using BYDFi's 'Zero-Fee Trading' feature.
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• Dec 18, 2021 · 3 years ago
  One effective way to avoid paying fees on BitMEX is by using limit orders instead of market orders. When you place a limit order, you specify the price at which you want to buy or sell a particular cryptocurrency. By setting a limit, you have more control over the execution price and can potentially avoid paying unnecessary fees. Market orders, on the other hand, are executed immediately at the current market price, which may include additional fees. So, if you want to minimize fees, consider using limit orders on BitMEX.
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