What is the impact of FTX trading fees on my overall cryptocurrency trading profits?

1 answers

• Dec 29, 2021 · 3 years ago
  As an expert in the cryptocurrency trading industry, I can tell you that trading fees on FTX can indeed have an impact on your overall profits. However, it's important to note that FTX is known for its competitive fee structure compared to other exchanges. The fees charged by FTX are generally lower than many other popular exchanges, especially for high-volume traders. This means that the impact of trading fees on your profits may be relatively lower when trading on FTX compared to other platforms. Additionally, FTX offers various fee discount programs, such as the FTT token holder program, which can further reduce the impact of fees on your profits. Overall, while trading fees should be considered when calculating your profits, FTX's fee structure is designed to minimize their impact and provide traders with a more cost-effective trading experience.
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