What are the strategies to avoid paying taker fees on BitMEX?
aliDec 26, 2021 · 3 years ago1 answers
Can you provide some strategies to avoid paying taker fees on BitMEX? I'm looking for ways to minimize the fees I have to pay when trading on the platform.
1 answers
- Dec 26, 2021 · 3 years agoAvoiding taker fees on BitMEX can be achieved by using limit orders instead of market orders. By placing a limit order, you are essentially providing liquidity to the market and acting as a market maker. This can result in lower or even zero taker fees, depending on the trading volume and liquidity on the platform. Additionally, you can also take advantage of any fee discount programs or promotions offered by BitMEX to further reduce your taker fees. It's important to stay updated on any changes or updates to the fee structure on BitMEX to ensure you are taking full advantage of any fee-saving opportunities.
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