What is the fee structure for trading cryptocurrencies on dydx?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on dydx, the fee structure is quite straightforward. There are two types of fees involved: Maker fees and Taker fees. Maker fees are charged when you add liquidity to the order book by placing a limit order that doesn't get immediately matched with an existing order. Taker fees, on the other hand, are charged when you remove liquidity from the order book by placing a market order or a limit order that gets immediately matched with an existing order. The fee rates vary depending on your trading volume, with higher volume traders enjoying lower fees. It's important to note that dydx provides a fee schedule on their website, so you can easily check the exact fee rates based on your trading volume.
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• Dec 16, 2021 · 3 years ago
  Trading cryptocurrencies on dydx comes with a fee structure that is designed to incentivize liquidity provision and ensure a fair trading environment. The fees are calculated based on your trading volume and the type of order you place. If you're a maker, meaning you add liquidity to the order book, you'll be charged a maker fee. On the other hand, if you're a taker, meaning you remove liquidity from the order book, you'll be charged a taker fee. The fee rates are tiered, meaning the more you trade, the lower your fees will be. It's important to review dydx's fee schedule to understand the specific rates based on your trading activity.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, has a fee structure for trading cryptocurrencies that aims to provide competitive rates for traders. The fees on BYDFi are calculated based on your trading volume and the type of order you place. Similar to other exchanges, there are maker fees and taker fees. Maker fees are charged when you add liquidity to the order book, while taker fees are charged when you remove liquidity. The fee rates are tiered, meaning the more you trade, the lower your fees will be. BYDFi provides a fee schedule on their website, so you can easily check the exact fee rates based on your trading volume.
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