Are there any fees associated with using terrausd on the FTX platform?

I would like to know if there are any fees involved when using terrausd on the FTX platform. Can you provide details on the fees associated with transactions, deposits, and withdrawals?

3 answers
- Yes, there are fees associated with using terrausd on the FTX platform. When it comes to transactions, FTX charges a trading fee of 0.1% for both makers and takers. This fee can be reduced further if you hold FTT, the native cryptocurrency of FTX, and use it to pay for fees. As for deposits and withdrawals, FTX does not charge any fees for terrausd deposits. However, there might be network fees associated with the blockchain used for terrausd. It's always a good idea to check the current fee structure on the FTX platform to stay updated.
Mar 19, 2022 · 3 years ago
- Absolutely! If you're planning to use terrausd on the FTX platform, you should be aware of the fees involved. When you make a trade with terrausd, FTX charges a trading fee of 0.1%. This fee applies to both buying and selling terrausd. Additionally, there might be network fees associated with the blockchain used for terrausd. It's important to consider these fees when planning your trades on the FTX platform.
Mar 19, 2022 · 3 years ago
- Yes, there are fees associated with using terrausd on the FTX platform. FTX is known for its transparent fee structure, and terrausd is no exception. When you trade terrausd on FTX, you will be charged a trading fee of 0.1%. This fee is applied to both makers and takers. However, FTX offers a fee reduction program where you can use FTT, the native cryptocurrency of FTX, to pay for fees and get a discount. It's worth considering this option to save on fees when using terrausd on the FTX platform.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 76
How does cryptocurrency affect my tax return?
- 69
How can I buy Bitcoin with a credit card?
- 58
What is the future of blockchain technology?
- 51
What are the advantages of using cryptocurrency for online transactions?
- 45
What are the tax implications of using cryptocurrency?
- 37
What are the best practices for reporting cryptocurrency on my taxes?
- 28
Are there any special tax rules for crypto investors?
- 22
What are the best digital currencies to invest in right now?