Cex FEES

If you’re new to the blockchain space, knowing which crypto exchange you’ll want to use is one of the first practical decisions you’ll need to make. Crypto exchange fees vary, so choosing the most efficient trading platform can save you significant value. Of course, there’s much more to a crypto trading exchange than fees alone. Trading volume and market liquidity are much deeper on top-tier exchanges like Binance than you might find on less reputable platforms. In this article, we’ll briefly review the basic fees beginners can expect in the digital currency market and compare fee schedules from the best crypto exchanges. What Are Cryptocurrency Exchange Fees?
Crypto exchange fees come in many different shapes and sizes. For new crypto traders buying Bitcoin (BTC) or Ethereum (ETH) for the first time, the most important fees to be wary of are spot trading and deposit or withdrawal fees. Advanced trading options like futures and leverage markets impose more complicated fees like interest and funding rates.
For now, let’s stick to the basics and learn what you can expect to pay as a beginner. Maker Fees and Taker Fees The most common fee structure you’ll come across in cryptocurrency trading is maker/taker fees. Every time you buy or sell crypto on an exchange, the trading platform takes a small percentage of the trade. This helps crypto exchanges pay their operating costs and grow their business.
A ‘Maker’ is anyone who puts creates a market by setting limit orders and adding liquidity to the trading pair. On the other hand, a ‘Taker’ is someone who fills those orders. This is typically done by placing market orders that immediately ‘take’ assets and liquidity off the market. In most cases, makers pay slightly lower fees than takers. Read more on DailyCoin: