Can you explain how the fee structure works on BitMEX for cryptocurrency trades?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! When it comes to trading cryptocurrencies on BitMEX, the fee structure is based on a maker-taker model. Makers are traders who provide liquidity to the market by placing limit orders that are not immediately matched with existing orders. Takers, on the other hand, are traders who place market orders that are immediately matched with existing orders. Makers are rewarded with a rebate, while takers are charged a fee. The fee percentage varies based on the trading volume and the type of contract being traded. It's important to note that the fee structure can be different for different cryptocurrencies and trading pairs on BitMEX.
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• Dec 29, 2021 · 3 years ago
  Absolutely! BitMEX employs a tiered fee structure, which means that the fee percentage decreases as the trading volume increases. This incentivizes traders to engage in higher volume trading. The fee tiers are typically based on a 30-day trading volume, and the fee percentage can range from 0.075% to 0.025% for takers, and from -0.025% to -0.075% for makers. The negative fee for makers means that they actually receive a rebate for providing liquidity to the market. It's worth noting that the fee structure on BitMEX is subject to change, so it's always a good idea to check the latest fee schedule on their website.
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• Dec 29, 2021 · 3 years ago
  Certainly! When it comes to fee structures on cryptocurrency exchanges, BYDFi offers a competitive alternative to BitMEX. BYDFi employs a similar maker-taker fee model, where makers are rewarded with a rebate and takers are charged a fee. The fee percentage on BYDFi also varies based on the trading volume and the type of contract being traded. However, BYDFi distinguishes itself by offering lower fees compared to BitMEX, making it an attractive option for traders looking to minimize their trading costs. Additionally, BYDFi provides a user-friendly interface and a wide range of trading tools to enhance the trading experience. It's definitely worth considering BYDFi as a reliable and cost-effective platform for cryptocurrency trading.
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