Cryptocurrency exchanges, like stock exchanges, allow users to trade digital assets. However, they often have their own fee structures based on a percentage of the user's trading volume over a certain period of time, such as 30 days. It is important to be aware of these fees when planning your trading strategy in order to maximize profits.
Fees on cryptocurrency exchanges can vary greatly. Some charge a flat fee for all trades, while others charge a percentage of the trade amount. Some exchanges also offer discounts for users with specific memberships or who trade large volumes.
Here are some examples of fees on cryptocurrency exchanges:
Bitfinex: 0.1% for makers and takers on most trades, with discounts available for users who hold the exchange's native token (LEO) or who trade large volumes.
BingX: As low as 0.075% for makers and takers on most trades.
The following table provides a quick comparison of fees:
It's important to keep in mind that these fees may change over time, so be sure to check the current fee schedule for the exchange you are using. It is also a good idea to compare fees across different exchanges to find the one with the most competitive rates.