How does TradeKing calculate fees for trading digital currencies?

3 answers

• Dec 28, 2021 · 3 years ago
  TradeKing calculates fees for trading digital currencies based on a percentage of the transaction value. The fee percentage may vary depending on the type of digital currency being traded. Generally, the more popular and liquid the digital currency, the lower the fee percentage. This is because popular digital currencies have higher trading volumes, allowing TradeKing to charge lower fees to attract more traders. On the other hand, less popular or illiquid digital currencies may have higher fee percentages to compensate for the lower trading volumes and higher risks associated with trading them.
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• Dec 28, 2021 · 3 years ago
  When it comes to calculating fees for trading digital currencies on TradeKing, they take into account factors such as the trading volume, market liquidity, and the type of digital currency being traded. The fees are typically calculated as a percentage of the transaction value, with a minimum fee for smaller trades. TradeKing aims to provide competitive fees to attract traders while also considering the costs and risks associated with trading digital currencies. It's important to note that fees may vary based on market conditions and can be subject to change.
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• Dec 28, 2021 · 3 years ago
  As a representative of BYDFi, I can provide some insights into how TradeKing calculates fees for trading digital currencies. TradeKing uses a tiered fee structure based on the trading volume of its users. The more you trade, the lower the fee percentage you'll be charged. This encourages active trading and rewards high-volume traders. Additionally, TradeKing offers discounted fees for market makers who provide liquidity to the platform. These market makers play a crucial role in ensuring smooth trading operations and are rewarded with lower fees. Overall, TradeKing aims to provide competitive and fair fees to its users.
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