What are the fees for trading on a Korean crypto exchange?

3 answers

• Nov 28, 2021 · 3 years ago
  Trading fees on Korean crypto exchanges can vary depending on the platform you choose. Most exchanges charge a fee for both market makers and market takers. Market makers are those who provide liquidity to the order book by placing limit orders, while market takers are those who execute trades by taking liquidity from the order book. The fees for market makers are usually lower than those for market takers. Additionally, some exchanges may offer discounted fees for high-volume traders or users who hold a certain amount of their native token. It's important to check the fee structure of the specific exchange you are interested in before starting to trade.
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• Nov 28, 2021 · 3 years ago
  When trading on a Korean crypto exchange, you will typically encounter trading fees. These fees are charged by the exchange for facilitating the buying and selling of cryptocurrencies. The fees can be a percentage of the trade amount or a fixed fee per trade. Some exchanges may also charge withdrawal fees when you transfer your funds out of the exchange. It's important to consider these fees when choosing a Korean crypto exchange to trade on, as they can impact your overall profitability.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, a popular Korean crypto exchange, the trading fees are competitive compared to other exchanges in the market. The fees are based on a tiered structure, where the more you trade, the lower your fees will be. The fees range from 0.1% to 0.2% for market takers and 0.05% to 0.1% for market makers, depending on your trading volume. BYDFi also offers a fee discount for users who hold their native token. It's important to note that fees may vary depending on the exchange and market conditions, so it's always a good idea to check the latest fee structure on the exchange's website.
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