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What are the fees and charges for trading cryptocurrencies on bitfinex.com?

avatarGoujeDec 27, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and charges associated with trading cryptocurrencies on bitfinex.com? I would like to know the costs involved before I start trading.

What are the fees and charges for trading cryptocurrencies on bitfinex.com?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! When trading cryptocurrencies on bitfinex.com, you will encounter several fees and charges. Firstly, there is a maker fee and a taker fee. The maker fee is charged when you add liquidity to the order book by placing a limit order that is not immediately matched with an existing order. The taker fee is charged when you remove liquidity from the order book by placing an order that is immediately matched with an existing order. The fee rates vary based on your trading volume in the past 30 days. Additionally, there may be deposit and withdrawal fees depending on the cryptocurrency you are trading. It's important to check the fee schedule on bitfinex.com for the most up-to-date information.
  • avatarDec 27, 2021 · 3 years ago
    Trading cryptocurrencies on bitfinex.com comes with certain fees and charges. The maker fee ranges from 0.1% to 0.0% depending on your trading volume, while the taker fee ranges from 0.2% to 0.055%. These fees are competitive compared to other major cryptocurrency exchanges. In terms of deposit and withdrawal fees, they vary depending on the cryptocurrency you are trading. It's recommended to check the fee schedule on bitfinex.com for the specific details.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the field, I can tell you that trading cryptocurrencies on bitfinex.com involves fees and charges. The maker fee starts at 0.1% and can go as low as 0.0% based on your trading volume. On the other hand, the taker fee starts at 0.2% and can be reduced to 0.055% depending on your trading volume. These fees are quite competitive in the market. Additionally, there may be deposit and withdrawal fees for certain cryptocurrencies. It's always a good idea to review the fee schedule on bitfinex.com to get the most accurate and up-to-date information.