Does trading fees really matter ?

[doomistake]

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 depends on how tight the profits are on the trade. At 2%, 0.25% is actually quite a lot. Anything you can do to save money on trades will increase your profits over the long run. Thing of it as buying something from the store. Let's say Kroger has a gallon of milk for $4.50 and Wal-Mart has it for $4.25. Would you not prefer to buy the milk from Wal-Mart and save the extra $.25? It's the same concept. Doesn't really matter how much profit you're making on the trade, you could be making more if you didn't pay as much in fees.

I agree, profits would still be profits and even if the trading fee increase a little, it would still be a pain in the ass in Trading because it would be deducted on the profits that you could make, the worst part is if you are not making any profits on your Trade, but the trading fee is still there, and having many exchanges in this world is an advantage if we are after those exchanger that have lower Trading fee than others.

[South Park]

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 have done a lot of system testing and believe me the fees you pay can be the difference between having a profitable system and an unprofitable one, and this is even more true if you are a day trader that is getting in and out of the market constantly, so if you have the option of selecting between two good exchanges and one of them has a slightly cheaper fee always go with the exchange that charges less fees because over the long run your profits will increase dramatically.

[Pearls Before Swine]

Fees on crypto exchanges never bothered me at all, because I'm accustomed to stock brokerage fees that are far higher.  If you want to buy $100 worth of stock, for example, you're lucky if you can pay a fee of $8 for the trade.  That's 8%!  So compared to that, a fee of 0.25% is extremely low.  And yes, there's also a good chance you can make 2% or more on your crypto investment if you know what you're doing.

There was an outcry here when Coinbase upped their fees, and I just scratched my head.  Why?  Because they were still more than reasonable, plus exchanges like Gemini had fee scales that are much higher.  I think traders ought to be grateful that the exchanges aren't raping their customers.

[jerry0]

Binance charges 0.25% right?


How much does these exchanges charge?



1.  Coinbase
2.  Coinbase pro
3.  Gemini
4.  Bitstamp
5.  Kucoin

[target]

It does matter specially the ones with less capital like me. Trading fee matters which is BNB created its native token for traders to have less fees, everybody grab a bag of it for its use. All the more with the withdrawal fees, if I have to pay 0.001BTC for the withdrawal of BTC I look for solution to that. I can see people would just trade their BTC with XRP to go out of the exchange.

[figmentofmyass]

Binance charges 0.25% right?

nope, they charge 0.1%. if you use BNB to pay fees, it gets further discounted to 0.075%. https://www.binance.com/en/fee/schedule

How much does these exchanges charge?
1.  Coinbase
2.  Coinbase pro
3.  Gemini
4.  Bitstamp
5.  Kucoin

coinbase: https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures
coinbase pro: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees
gemini: https://gemini.com/web-fee-schedule/#web-fee-schedule
gemini activetrader: https://gemini.com/activetrader-fee-schedule/#activetrader-fee-schedule
bitstamp: https://www.bitstamp.net/fee-schedule/
kucoin: https://www.kucoin.com/news/en-fee

[bitbunnny]

That depends on personal perspective. For some traders with bigger volume it isn't so important but for those with smaller capital it is. Fees are something that you should always calculate in he summary. I guess even worse are withdrawal fees but like I said, these are inevitable facts that you should always have in your mind. But if you are so dependant on fees maybe trading isn't for you.

[EdenHazard]

That depends on personal perspective. For some traders with bigger volume it isn't so important but for those with smaller capital it is. Fees are something that you should always calculate in he summary. I guess even worse are withdrawal fees but like I said, these are inevitable facts that you should always have in your mind. But if you are so dependant on fees maybe trading isn't for you.

No I think ... the bigger volume you have the bigger fee you'll see and that's the beginning it's really matter. As when you trade in small volume you won't care it charges you like $0.025 or so , it's just a dust ...

But people start wondering when there's $250 cut off from your original purchase ... and then they rethink that the fee should be lowered as low as $100 or $50 at least!

Greedy? No it's just being mathematical and realistic to save some ! Human nature.

[Google+]

yes of course the cost of trading is very important because with the cost of trading the market can provide very high security and have capital money for other developments, and the place of exchange is the most important is the safety factor.

[desticy]

0.25% is significantly higher than the market average. Such a commission is charged by the Huobi exchange from each order.
I consider it a robbery. Binance Exchange has much lower commissions, 0.075% if I'm not mistaken, provided that part of the commission will be paid by the BNB token.

[samcrypto]

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 focus much on the fees of trading especially on a good exchange since my profit will be higher than the fees though it hurts to see the fees during your withdrawal, maybe its better if they can lower the fees of withdrawal. It will only matter if you are losing money but if you earn more, then the fees is just too small for you.

[hahay]

yes of course the cost of trading is very important because with the cost of trading the market can provide very high security and have capital money for other developments, and the place of exchange is the most important is the safety factor.

That is the reason why every company has fees for its services, and so far I have not made too much calculations about the fees required and indeed, sometimes I only complain in my heart when fees are greater than usual when withdrawing but once again, I will not be too concerned about it if it is still a reasonable stage when all transactions can work well.

[BitcoinHunt3r]

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% ?

If it is already automatically taken from people, i think we can't do anything about it. About 0.25% from profit, honestly it is really important, so people should know how much they earn and get or maybe just follow what exchange's rules.

[cryptothreads]

0.25% is significantly higher than the market average. Such a commission is charged by the Huobi exchange from each order.
I consider it a robbery. Binance Exchange has much lower commissions, 0.075% if I'm not mistaken, provided that part of the commission will be paid by the BNB token.

As far as I know, exchanges like Binance, Okex, Huobi, Bibox can all use exchange coins to reduce transaction fees and that is a new trend for all other exchanges. Bibox is currently the cheapest exchange in this market because the 0.05% fee is really very cheap and you can choose to invest without worrying too much. For some large investors, 0.25% is really very high and just a few trading orders will make you lose a lot of money.

I personally never take part in exchanges with large transaction fees because sometimes it will affect daily profits.

[Ailmand]

Well if you are trading often and just getting a small profit from your trade and if you accumulate the fees it would be a decent amount. However,  some traders are not bothered by the and they don't care much about it. I seldom trade since I have lesser time in crypto compared a year ago due to my full time job. Traders also consider fees when choosing a platform, some opt to choose trading platforms who offer their own coins to lessen the fee which I think is economical if you ar an active trader.

[Shasha80]

Indeed, every exchange applies the rules regarding trading fees, it is one of their ways to make a profit from traders.
And every exchange has a different trading fee, so we must be observant in choosing exchanges for trading.
For me about trading fees is really matter, because it can affect to my profit, for example trading fees of 0.25% is quite large.
Especially if we have a large capital will feel burden some due to a trading fee of 0.25%, because of me doing daily trading is
more pronounced with this trading fee problem. So I chose exchanges with  trading fee low.

[jazmuzika217]

Yes it is always matter from every traders because all we know that we are in the business industry. If we have less trading fee it is better but if not we need to make our every transactions worth it. 0.25 is small amount but if you have many transaction I think they should give some consideration or even rebates to make it fair to traders.

[jazmuzika217]

Yes it is always matter from every traders because all we know that we are in the business industry. If we have less trading fee it is better but if not we need to make our every transactions worth it. 0.25 is small amount but if you have many transaction I think they should give some consideration or even rebates to make it fair to traders.

[danherbias07]

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 a huge difference for the exchange.
Like a business where you sell something, there must be profit.
There are a lot of traders out there and if they all keep on trading then how much do you think the exchange is making?

I hope I answered you right because that is what I understood with your question.
0.25 is a lot when used regularly.
Same thing when you are dropping 25 cents in a piggy bank everyday for like 1000 times.

[maydna]

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% ?

No, that is no problem for me. At least, I could still have 1,75% for the profit and I think that is okay even if I can make another profit. If the trading fee becomes bigger, I don't mind too because of my profit is still bigger to me. We don't have to bother with the trading fee because as long as we can make a profit, the fees will not be a problem. So make sure you know when you should sell any coins and make sure you can get the profit so that it will cover your fees.