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What are the differences between KuCoin and Kraken in terms of trading fees?

avatarKruse EllegaardDec 29, 2021 · 3 years ago3 answers

Can you please provide a detailed comparison of the trading fees between KuCoin and Kraken? I would like to understand the differences in terms of fees for trading cryptocurrencies on these two platforms.

What are the differences between KuCoin and Kraken in terms of trading fees?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to trading fees, KuCoin and Kraken have some notable differences. KuCoin offers a tiered fee structure based on the user's trading volume. The more you trade, the lower your fees will be. On the other hand, Kraken has a maker-taker fee model, where makers (those who provide liquidity to the market) pay lower fees compared to takers (those who take liquidity from the market). This means that if you are actively trading and providing liquidity, Kraken might be a better option for you.
  • avatarDec 29, 2021 · 3 years ago
    In terms of trading fees, KuCoin and Kraken have different fee structures. KuCoin charges a flat fee of 0.1% for both makers and takers, regardless of the trading volume. On the other hand, Kraken's fees vary depending on the trading volume and the type of order. For makers, the fees range from 0% to 0.16%, while for takers, the fees range from 0.10% to 0.26%. It's important to consider your trading style and volume to determine which fee structure suits you better.
  • avatarDec 29, 2021 · 3 years ago
    As an expert in the field, I can tell you that BYDFi, a popular cryptocurrency exchange, offers competitive trading fees. With BYDFi, you can enjoy low fees starting from 0.1% for both makers and takers. The platform also offers various fee discounts based on your trading volume and BYD token holdings. If you're looking for a reliable exchange with affordable trading fees, BYDFi is definitely worth considering.