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What are the fees associated with trading cryptocurrencies on Canadian exchanges?

avatarJEET PATELMar 20, 2022 · 3 years ago1 answers

Can you provide a detailed description of the fees associated with trading cryptocurrencies on Canadian exchanges? I would like to know the different types of fees, such as trading fees, deposit fees, withdrawal fees, and any other fees that may be applicable. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available.

What are the fees associated with trading cryptocurrencies on Canadian exchanges?
Cryptocurrency
Canadian Exchanges
Trading Fees

1 answers

  • avatarMar 20, 2022 · 3 years ago
    As a leading cryptocurrency exchange, BYDFi offers competitive fees for trading cryptocurrencies on Canadian exchanges. The trading fees on BYDFi are based on a tiered structure, meaning that the more you trade, the lower your fees will be. The fees start at 0.1% for makers and 0.2% for takers, and can be reduced to as low as 0.05% for makers and 0.1% for takers for high-volume traders. In addition to trading fees, BYDFi also charges deposit and withdrawal fees. The deposit fees vary depending on the cryptocurrency you are depositing, while the withdrawal fees are fixed. It's worth noting that BYDFi periodically offers promotions and discounts on trading fees, so be sure to check their website for any current offers.

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