What are the fees associated with crypto copy trading?

3 answers

• Jan 15, 2022 · 3 years ago
  When it comes to crypto copy trading, there are typically two types of fees involved: platform fees and trading fees. Platform fees are charged by the copy trading platform for providing the service and can vary from platform to platform. These fees are usually a percentage of the amount being copied or a fixed monthly fee. On the other hand, trading fees are charged by the exchange where the trades are executed. These fees are usually a percentage of the trade volume or a fixed fee per trade. It's important to consider both types of fees when evaluating the costs of crypto copy trading.
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• Jan 15, 2022 · 3 years ago
  Crypto copy trading fees can vary depending on the platform you choose. Some platforms charge a percentage of the amount being copied, while others may charge a fixed monthly fee. Additionally, you'll also need to consider the trading fees charged by the exchange where the trades are executed. These fees can vary from exchange to exchange and are usually a percentage of the trade volume or a fixed fee per trade. It's important to carefully review the fee structure of the copy trading platform and the exchange to understand the total costs involved in crypto copy trading.
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• Jan 15, 2022 · 3 years ago
  In the case of BYDFi, a popular crypto copy trading platform, the fees are quite competitive. BYDFi charges a platform fee of 1% of the amount being copied and a trading fee of 0.2% of the trade volume. These fees are relatively low compared to other platforms in the market. However, it's always a good idea to compare the fees of different platforms and exchanges to find the best option that suits your trading needs.
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