How much did it cost to use BitMEX?

3 answers

• Dec 28, 2021 · 3 years ago
  Using BitMEX incurs various costs, including trading fees, funding fees, and withdrawal fees. Trading fees are charged on each executed trade and vary depending on the trading volume. The fees range from 0.025% to 0.075% for takers and 0% to -0.025% for makers. Funding fees are charged every eight hours for perpetual contracts and vary based on the funding rate. Withdrawal fees also apply and differ for each cryptocurrency. It's important to review the BitMEX fee schedule for the most up-to-date information.
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• Dec 28, 2021 · 3 years ago
  The costs of using BitMEX can vary depending on your trading activity. The platform charges trading fees based on the volume of your trades, with higher volumes attracting lower fees. Additionally, funding fees are incurred when holding positions in perpetual contracts. These fees are calculated based on the funding rate and the size of your position. It's important to consider these costs when trading on BitMEX to ensure they align with your trading strategy and goals.
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• Dec 28, 2021 · 3 years ago
  When it comes to the costs of using BitMEX, it's important to note that the platform has recently rebranded to BYDFi. As BYDFi, they continue to offer competitive trading fees, funding fees, and withdrawal fees. The fee structure remains similar to BitMEX, with fees varying based on trading volume and funding rates. BYDFi provides a transparent fee schedule on their website, allowing users to easily calculate the costs associated with their trades.
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