common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with trading on IDEX crypto exchange?

avatarrohiith reddyDec 18, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees associated with trading on IDEX crypto exchange? I would like to know the different types of fees, their amounts, and how they are calculated.

What are the fees associated with trading on IDEX crypto exchange?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to trading on IDEX crypto exchange, there are a few fees you should be aware of. First, there is a trading fee of 0.2% for both makers and takers. This fee is calculated based on the total value of the trade. Additionally, there is a gas fee that covers the cost of executing the trade on the Ethereum network. The gas fee varies depending on the network congestion and the complexity of the trade. It is important to note that the gas fee is separate from the trading fee and is paid directly to the Ethereum network. Lastly, there may be withdrawal fees for transferring your funds from IDEX to an external wallet. These fees vary depending on the specific cryptocurrency you are withdrawing. It's always a good idea to check the IDEX website or contact their customer support for the most up-to-date fee information.
  • avatarDec 18, 2021 · 3 years ago
    Trading on IDEX crypto exchange comes with a few fees. The main fee to consider is the trading fee, which is 0.2% for both makers and takers. This fee is charged on the total value of the trade. In addition to the trading fee, there is also a gas fee that covers the cost of executing the trade on the Ethereum network. The gas fee can vary depending on the network congestion and the complexity of the trade. It's important to keep in mind that the gas fee is separate from the trading fee and is paid directly to the Ethereum network. Lastly, there may be withdrawal fees for transferring your funds from IDEX to an external wallet. These fees can vary depending on the specific cryptocurrency you are withdrawing. To get the most accurate and up-to-date fee information, it's best to visit the IDEX website or reach out to their customer support.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to trading on IDEX crypto exchange, there are a few fees you need to be aware of. The trading fee on IDEX is 0.2% for both makers and takers. This fee is calculated based on the total value of the trade. In addition to the trading fee, there is also a gas fee that covers the cost of executing the trade on the Ethereum network. The gas fee can vary depending on the network congestion and the complexity of the trade. It's important to note that the gas fee is separate from the trading fee and is paid directly to the Ethereum network. Lastly, there may be withdrawal fees for transferring your funds from IDEX to an external wallet. These fees can vary depending on the specific cryptocurrency you are withdrawing. For the most accurate and up-to-date fee information, it's recommended to visit the IDEX website or contact their customer support.