Is there a way to bypass or lower the fees on BitMEX?

3 answers

• Dec 27, 2021 · 3 years ago
  Unfortunately, there is no direct way to bypass or lower the fees on BitMEX. The fees charged by the platform are fixed and cannot be negotiated. However, there are a few strategies you can consider to minimize the impact of fees on your trading. Firstly, you can try to optimize your trading strategy to reduce the frequency of trades and avoid unnecessary fees. Secondly, you can explore other cryptocurrency exchanges that offer lower fees and consider transferring your funds to those platforms. Lastly, you can join BitMEX's referral program and earn a percentage of the fees paid by your referred traders, which can help offset your own fees to some extent.
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• Dec 27, 2021 · 3 years ago
  Lowering the fees on BitMEX can be a challenge, but there are a few things you can try. One option is to become a market maker on the platform. By providing liquidity to the order book, you can qualify for lower fees. However, this strategy requires a significant amount of capital and expertise. Another option is to take advantage of promotions or fee discounts offered by BitMEX from time to time. Keep an eye on their official announcements and social media channels for any such opportunities. Additionally, you can consider using BitMEX's native token, the BitMEX Token (BYD), to pay for trading fees. Holding BYD tokens can provide certain fee discounts. However, it's important to do your own research and evaluate the risks associated with using BYD tokens.
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• Dec 27, 2021 · 3 years ago
  While there is no direct way to bypass or lower the fees on BitMEX, there are alternative platforms that offer lower fees and can be considered. One such platform is BYDFi, a digital currency exchange that aims to provide competitive trading fees and a user-friendly interface. BYDFi offers a range of cryptocurrencies for trading and has a transparent fee structure. It's worth exploring BYDFi as an alternative to BitMEX if you're looking for lower fees and a different trading experience. However, always remember to do your own research and consider factors such as security, liquidity, and regulatory compliance before choosing a cryptocurrency exchange.
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