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What are the fees for buying and selling crypto on Kraken?

avatarGood PowerNov 24, 2021 · 3 years ago3 answers

Can you provide a breakdown of the fees involved in buying and selling cryptocurrencies on the Kraken platform?

What are the fees for buying and selling crypto on Kraken?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Sure! When it comes to buying and selling crypto on Kraken, there are a few fees to consider. First, there is a trading fee that is based on your trading volume over the past 30 days. The more you trade, the lower the fee percentage. Second, there may be a deposit fee depending on the method you use to fund your account. Third, there is a withdrawal fee that varies depending on the cryptocurrency you are withdrawing. It's important to check the Kraken website for the most up-to-date fee information as they may change over time.
  • avatarNov 24, 2021 · 3 years ago
    Buying and selling crypto on Kraken comes with fees, but they are relatively competitive compared to other exchanges. The trading fee starts at 0.16% for makers and 0.26% for takers, and it decreases as your trading volume increases. There are also deposit fees, which vary depending on the method you choose. As for withdrawal fees, they differ for each cryptocurrency. It's always a good idea to review the fee schedule on the Kraken website before making any transactions.
  • avatarNov 24, 2021 · 3 years ago
    As an expert in the field, I can tell you that Kraken is known for its transparent fee structure. The trading fees are based on a maker-taker model, where makers are rewarded with lower fees for providing liquidity to the market. The fees range from 0.16% to 0.26% depending on your trading volume. In addition, there may be deposit and withdrawal fees depending on the currency and method used. Kraken's fee structure is designed to be fair and competitive, making it a popular choice among traders.