What are the fees associated with using Synapse on Kraken?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! When using Synapse on Kraken, you will encounter several types of fees. First, there is a trading fee, which is charged when you buy or sell cryptocurrencies. The trading fee varies depending on your trading volume and ranges from 0.16% to 0.26%. Additionally, there is a withdrawal fee, which is applied when you transfer your cryptocurrencies to an external wallet. The withdrawal fee also varies depending on the specific cryptocurrency and can be found on Kraken's fee schedule. Lastly, there might be network fees associated with certain cryptocurrencies, which are charged by the respective blockchain networks. These fees are not controlled by Kraken and may vary. It's always a good idea to check the fee schedule on Kraken's website for the most up-to-date information.
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• Dec 29, 2021 · 3 years ago
  The fees associated with using Synapse on Kraken can be broken down into trading fees, withdrawal fees, and network fees. The trading fee is charged based on your trading volume and can range from 0.16% to 0.26%. Withdrawal fees vary depending on the specific cryptocurrency and can be found on Kraken's fee schedule. Network fees, on the other hand, are charged by the blockchain networks and are not controlled by Kraken. It's important to note that these fees are subject to change, so it's always a good idea to check Kraken's website for the most accurate and up-to-date information.
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• Dec 29, 2021 · 3 years ago
  When using Synapse on Kraken, you will encounter various fees. The trading fee is based on your trading volume and can range from 0.16% to 0.26%. Withdrawal fees vary depending on the specific cryptocurrency and can be found on Kraken's fee schedule. It's worth mentioning that network fees may also apply to certain cryptocurrencies, and these fees are determined by the respective blockchain networks. To get the most accurate and up-to-date information on fees, I recommend visiting Kraken's website and checking their fee schedule. They provide detailed information on all the fees associated with using Synapse on their platform.
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