How can I get credit for trading fees on Kraken?
NobodyDec 26, 2021 · 3 years ago3 answers
I am a user of Kraken and I want to know how I can get credit for trading fees on the platform. Is there any way to reduce or eliminate the fees I have to pay? What are the options available to me?
3 answers
- Dec 26, 2021 · 3 years agoTo get credit for trading fees on Kraken, you can participate in their loyalty program. Kraken offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be. By reaching higher tiers, you can even get discounts on your trading fees. Keep in mind that the loyalty program has different levels, so make sure to check the requirements to qualify for each level.
- Dec 26, 2021 · 3 years agoIf you're looking to reduce your trading fees on Kraken, you can also consider using their native token, KFEE. By holding KFEE tokens in your account, you may be eligible for fee discounts or other benefits. However, it's important to note that the availability and terms of the KFEE program may vary, so it's recommended to check Kraken's official website or contact their support for more information.
- Dec 26, 2021 · 3 years agoAnother option to get credit for trading fees on Kraken is by using BYDFi, a popular decentralized exchange. BYDFi offers a unique fee-sharing mechanism where users can earn credits by staking their tokens. These credits can be used to offset trading fees on Kraken or other supported exchanges. It's a great way to maximize your trading efficiency and reduce costs. Make sure to check out BYDFi's website for more details on how to participate in their fee-sharing program.
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