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Author Topic: Does trading fees really matter ?  (Read 1045 times)
WatchMaker
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October 21, 2019, 09:36:39 PM
 #121

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

People are trading cryptocurrencies for profits. While trading people are earning profits from 1-2% upwards and sometimes even lose some money as well. If people are earning 1-2% in profits why not consider the trading fees because the higher the trading fees the less money people can make. Trading fees really matters Cool  

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October 21, 2019, 10:08:13 PM
 #122

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

People are trading cryptocurrencies for profits. While trading people are earning profits from 1-2% upwards and sometimes even lose some money as well. If people are earning 1-2% in profits why not consider the trading fees because the higher the trading fees the less money people can make. Trading fees really matters Cool  
Our profit also depends on trading fees. Yes, we need to consider this important cause it affects our ends. This is why trading must look and often to used those trading platforms that could provide them lower-cost fees and giving a more favorable price to their traders. If we are a smart trader we know that kind scenario and making a sense that we are just to gain profit and not just for fees.

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October 21, 2019, 11:23:24 PM
 #123

for me 0.25% is a very small fee because I am a small trader too and my income is quite enough for a day, but for 0.25 for upper class traders it is expensive fees for them because their income is also large, therefore on the market binance up to 0.04% for those VIP9 classes. therefore 0.25% looks small to you but it looks very big to them.
Comparable to the many features offered. for me also the same as you. not too concerned about fee trading. but what benefits are given by the exchange will make us feel comfortable when trading and do not mind the matter of trading fees. because we already feel comfortable when trading

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October 21, 2019, 11:29:04 PM
 #124

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

It is, we're not always winning in every trade. So it's already 1% in every 4 trades no matter win or lose.
But trading fee is importan to keep the exchange alive because that's the only way they're funding money
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October 22, 2019, 12:45:12 AM
 #125

I think 0.25% is very big because I often trade, if we just do 10 times a day trading 10x0.25% = 2.5% is big enough right? I will stay away from exchangers if trading costs are above 0.15%.
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October 22, 2019, 06:50:32 AM
 #126

I think 0.25% is very big because I often trade, if we just do 10 times a day trading 10x0.25% = 2.5% is big enough right? I will stay away from exchangers if trading costs are above 0.15%.

I wouldn't care for that cost as long as I've got enough profit ten folds on that range or price average. Just like those times, when I was still often trading while market was having green days. If you're saving your profit, that's the time we cared for our fees. Huge fees typically affect our finances particular on exchange value.
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October 22, 2019, 07:40:54 AM
 #127

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

People are trading cryptocurrencies for profits. While trading people are earning profits from 1-2% upwards and sometimes even lose some money as well. If people are earning 1-2% in profits why not consider the trading fees because the higher the trading fees the less money people can make. Trading fees really matters Cool  
Our profit also depends on trading fees. Yes, we need to consider this important cause it affects our ends. This is why trading must look and often to used those trading platforms that could provide them lower-cost fees and giving a more favorable price to their traders. If we are a smart trader we know that kind scenario and making a sense that we are just to gain profit and not just for fees.
I'm a practical trader so I consider the trading fees when I using an exchange. There are exchanges that have high fees and I avoiding it for me to minimize my expenses.
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October 22, 2019, 07:50:44 AM
 #128

although like that I think not many traders are concerned about it because they can get a lot of profit and can trade more comfortably and security can be guaranteed because usually the exchange places have expensive transaction fees usually used to improve trading security and some time ago I've heard there are some a place of exchange that has trading insurance.

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October 22, 2019, 08:27:45 AM
 #129

they do
otherwise exchange tokens that reduce fees would not be so popular
people hold them so they can pay less fees especially if they trade by bots with a lot of trades per day
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October 22, 2019, 09:37:16 AM
 #130

For me it's not a big deal the trading fee of 0.25 percent because that is small amount of money or bitcoin compared to what I've earn in the trading. But for the other trader maybe that trading fee is really high because the amount of their money they get in every trade is very low so they feel the effct of that fee but for the people who don't feel they have a good income everyday. I don't complain about the fee but if the trading site decrease it that is much better for every trader.
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October 22, 2019, 10:36:28 AM
 #131

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

I think for those who got big profit in trading this thing doesn't to them about the fee's but for the ordinary trader like me it matters to me, because I don't use platform that charge a high fee's for every transaction, and one of the best exchange for this was Kucoin and Huobi and binance.

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October 24, 2019, 05:33:57 AM
 #132

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Fees does really matter specially if you're earning not a bit much. Imagine you are about to get home without buying anything yet, and yet here comes the fees that deducts right away then. And those fees or extra expenses reduces your portfolio growth over time. They may be seem a no big deal but just think about they add up as time goes and imagine that it is supposed to be in your portfolio, you may be having a potentially quite bigger portfolio without those fees.
Of course, if a trader has not received any results for a certain period from trading or is even worse in the red, then the situation with interest exacerbates his condition even more.  But it seems to me that everything depends on the individual selection of the exchange in order to take into account not only your experience and professionalism, but also the volatility of the cryptocurrency you have chosen.  I believe that taking into account some factors, undesirable losses due to interest on trade can be avoided.
To be very honest, that sounds painful and yeah, fees, charges, taxes and all sort of deductions that we have to pay for services we avail, are a pain. No one can run away from them and all of us want to pay as less as possible. Therefore, platform with low charges are preferred over the expensive ones. In trading, no one wants to give huge amounts of money that he made by putting some real efforts.
For sure people would love the place which makes them pay less amount of money and gives better output. As per now, I guess trading has huge demand but people get afraid of trading fees so it should be normal and valid so people won't feel hesitations to pay it. Trading fees should be fair and people also should use only those site who charges fair trading fees.
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October 24, 2019, 04:02:04 PM
 #133

Personally, I never paid much attention to how many trading fees exchange charges. Probably it's wrong but I cherish more the security of my funds and data than how much the company will write off from my assets. Just think about it, is that really more important than the state of confidence and calm when you know that your funds will be okay (until you transfer them to your hardware wallet). And because of these considerations, I prefer trading on exchanges with strong security means like that of CEX.IO and its trading platform CEX.Broker - https://cexbro.com/. By the way, it was known as a charger of high fees, but now they are comparatively low. 
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October 24, 2019, 04:20:50 PM
 #134

Normally this trading fees issue is not a matter for the big traders and investors but for regular use age people ll and expect this fees issue has been sorted out.
When I speak about myself, I will surely care about the fees amount while making every transactions, reason for it is I am morning very few penis only from here.
This is false, if you care about making money in the markets then the trading fees that you are charged are important for everyone, it doesn't matter the size of your capital or how much experience you have, the fees that you are charged can make the difference between a profitable trader and being an unprofitable one, remember your goal as a trader is to make money and the less money you spend on fees the more money will remain with you which can be used to obtain even more money.

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October 24, 2019, 08:23:47 PM
 #135

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Fees does really matter specially if you're earning not a bit much. Imagine you are about to get home without buying anything yet, and yet here comes the fees that deducts right away then. And those fees or extra expenses reduces your portfolio growth over time. They may be seem a no big deal but just think about they add up as time goes and imagine that it is supposed to be in your portfolio, you may be having a potentially quite bigger portfolio without those fees.
Of course, if a trader has not received any results for a certain period from trading or is even worse in the red, then the situation with interest exacerbates his condition even more.  But it seems to me that everything depends on the individual selection of the exchange in order to take into account not only your experience and professionalism, but also the volatility of the cryptocurrency you have chosen.  I believe that taking into account some factors, undesirable losses due to interest on trade can be avoided.
To be very honest, that sounds painful and yeah, fees, charges, taxes and all sort of deductions that we have to pay for services we avail, are a pain. No one can run away from them and all of us want to pay as less as possible. Therefore, platform with low charges are preferred over the expensive ones. In trading, no one wants to give huge amounts of money that he made by putting some real efforts.
For sure people would love the place which makes them pay less amount of money and gives better output. As per now, I guess trading has huge demand but people get afraid of trading fees so it should be normal and valid so people won't feel hesitations to pay it. Trading fees should be fair and people also should use only those site who charges fair trading fees.
Yes it matters, if you are working somewhere so charges will matter for you the same way trading fees matters if you will pay high fees then profit will be minimum than profit so better trade for long term but before starting just ask for fees charges and according to my personal experience people attracts towards low fees sites.
Not necessary for you to go long term just to avoid the fees.You can actually possibly able to make profits just be sure on to calculate your gains deducted with the trading fees.

Its just a norm where these fees would involved anytime we do make buy or sell orders.The important thing you should consider about is on how to make profits so that you wont mind too much on fees.

You wont able to felt it when you are earning decent.For maximum profitability then minding of lesser fees cant be removed but we know that exchangers are business and its normal for them to set out those parameters.

R


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Edraket31
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October 25, 2019, 03:46:53 AM
 #136


Yes it matters, if you are working somewhere so charges will matter for you the same way trading fees matters if you will pay high fees then profit will be minimum than profit so better trade for long term but before starting just ask for fees charges and according to my personal experience people attracts towards low fees sites.
[/quote]

Yes, trading fee is a lot if we are trading everyday, or we are trading more than 5 coins in a day, so for me it will be a good benefit and for sure traders are considering to trade to those exchanges with low trading fee as well as withdrawal fee. If their fee is too high, then traders will be frustrated at all and won't trade there.

Landak
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October 25, 2019, 05:32:02 AM
 #137

seems 0.25% fee is fairly cheap in my opinion. on average, indeed the standard of all market trading fees is 0.25%. if you can get a big profit in one trade then the 0.25% fee will not matter. do calculations when trading (profit/fee = real profit). during trading and you profit (including fees) I'm sure everything is fine and you have nothing to lose even if you trade 100 times a day.

HILIH                                                                                                                                                                 KINTIL
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October 25, 2019, 08:17:22 AM
 #138

It depends. Trading costs can mean a great deal if you look at it in the long run. This is due to the interest rate effect. However, looking at it here and now, it may seem a little insignificant to pay 0.25% in trading costs.
d3nz
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October 25, 2019, 09:33:29 AM
 #139

If you're just making a very few trades a month, basically just if you want to buy a certain coin/token, you really wouldn't notice the fees that much. If you're a trader though? And if you're buying/selling huge amounts of bitcoin or any other cryptocurrency, the difference between 0.25% and 2% is HUGE.

I agree, depending on how much amount of coin/token you have trade and profit you have gained. That is why it is better to buy and sell to gain more profit and it will not eat up by the fees. I think binance has fewer fees than other exchanges.

But some traders don't really care about the fees and no knowledge about it and just do trading since the fees is just small than you trading gained.
TheGreatPython
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October 28, 2019, 06:24:06 AM
 #140

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?
I don't really worry much about those fees, though I see a lot of people that complains every time that the fees are so high. But I won't blame them, everyone is different, and how much you have might not be the same they have. There are people who won't have much and that profit is not enough and they are trying to squeeze out more so that it would be enough for them.

To be very honest, that sounds painful and yeah, fees, charges, taxes and all sort of deductions that we have to pay for services we avail, are a pain.
That's right, and some people will even want to look for an exchange that would not charge them any fees for trading. I've seen some exchange lately trying to use that to attract traders to their exchange. Even bigger exchanges like Binance now offers up to minus 50% on fees if traders are making use of their tokens.

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