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Author Topic: Fee of trading platform  (Read 119 times)
Lamkuthang (OP)
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July 18, 2022, 03:53:07 PM
 #1

Every transaction on a trading platform, of course, cannot be separated from Maker and Taker Fees,  and some times not be unreasonable when we need to WD. Is there a trading platform that has stable and reasonable fees?

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July 18, 2022, 04:00:12 PM
 #2

Every transaction on a trading platform, of course, cannot be separated from Maker and Taker Fees,  and some times not be unreasonable when we need to WD. Is there a trading platform that has stable and reasonable fees?

It depends on what is the exact amount reasonable and unreasonable for you because most of the CEX has a minimal in terms of maker and taker fees unless you have a problem with 0.0xx%ish then you need to increase our trading volume to get high tier trader status on exchange since exchange has a VIP system that usually cut those fee if you are contributing much on volume.

I just saw this https://bitcointalk.org/index.php?topic=5396048.msg59966588#msg59966588 thread when searching about this  topic. He provides maker and taker fee on top centralized exchange.

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July 18, 2022, 08:50:24 PM
 #3

Feel free to read this thread : https://bitcointalk.org/index.php?topic=5309545.0

It's helping with the question you're asking, most of exchanges have similar fee trading with around 0.1-0.2% and for the withdraw fee could be different. Depends on the exchange it self.

If you're trading with top crypto, feel free to choice other exchange as alternative until you found a exchange with a good fee. Unless, you're token only can be trade on that exchange you cannot do anything.

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July 18, 2022, 09:09:59 PM
 #4

Every transaction on a trading platform, of course, cannot be separated from Maker and Taker Fees,  and some times not be unreasonable when we need to WD. Is there a trading platform that has stable and reasonable fees?
Fees on withdrawing your crypto should depend on its network, there’s a lot of network that offers a small fees for your withdrawal. Which exchange you are using that ask for bigger fees despite the network is cheap? Feed are not that big honestly if you do trading, just make sure you monitor it closely because you might make mistake on your transactions if you didn’t pat attention to the fees, some incidents before about paying huge feed higher than the transacted value, so be careful with this.
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July 18, 2022, 09:25:47 PM
 #5

All of them are dependent on their own rules.

If an exchange has their own token, they can add a promo through their own platform and those that holds their own token have a discount in fees. And I'm talking about Binance.

But I think, it's the same with other exchanges and that's why they're also making their own tokens to give incentives and promos including the trading fees.

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July 18, 2022, 09:36:15 PM
 #6

Don't look for cheap always, you might not get quality then. Cheap and high quality won't run at the same time. If you are looking for a lower fee then you may fall into other troubles. Binance offers 25% off those who set a fee in BNB. It's a reputable and high Liquidity exchange. You may take a look. Keep in mind m, you should always be ready to provide KYC documents when you are using a centralized exchange.

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July 18, 2022, 09:54:57 PM
 #7

Every transaction on a trading platform, of course, cannot be separated from Maker and Taker Fees,  and some times not be unreasonable when we need to WD. Is there a trading platform that has stable and reasonable fees?
Actually, the fees of trading both maker and taker are reasonable enough moreover in the top exchanges. If you find out unreasonable enough, it is better to move the assets to other top exchanges. Afaik, most top trading platforms like Binance, FTX, OKEx, Kucoin, and others have reasonable trading fees.
However, if we are talking about withdrawal fees, sometimes, it really makes us super dizzy because of high fees. And this is commonly almost the same in all exchanges. High fees on the ERC20 network (Ethereum network) are commonly the ones that really require the holly high fees. Moreover they also commonly need a high minimum amount to withdraw.
Except if the exchanges provide other networks to withdraw such as BSC, Tron network, SOL, and others. They are more reasonable.
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July 18, 2022, 10:58:45 PM
 #8

Don't look for cheap always, you might not get quality then. Cheap and high quality won't run at the same time. If you are looking for a lower fee then you may fall into other troubles.
I couldn't have said it any better. Convenience has a price. You may enjoy the low fees but you also have to suffer the slow transactions from low and mid tier buggy exchanges. A simple withdrawal that usually takes five minutes tops could take an hour because of liquidity issues or it may take you ten clicks to place an order because of bugs when you could normally do that on the first try on top CEX.
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July 18, 2022, 11:31:18 PM
 #9

I suggest for you OP not just consider on the fees but rather think about the service of the platform and the so-called legitimacy of the exchange. Don't get fooled by those who offers you instant and small fees compared to known and reputable exchange as might cause you to regret after. I understand that fees are very important as we are finding a way to save some cost but if I were you, I don't make use of that instead, I'll go using the platform that could give me a satisfying trade results and guarantee safe transactions.

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July 18, 2022, 11:35:51 PM
 #10

Is there a trading platform that has stable and reasonable fees?
There's  and FTX may become the best exchange site for that. The vision by traders to traders have been fully implemented on FTX. https://help.ftx.com/hc/en-us/articles/360024479432-Fees

The top exchange sites are always making both fees for takers and makers become well balanced compared with the small exchange sites which were always changing the trading fees and sometime this kind of exchange site is also taking more fees from our trade which is shady as fuck.

If you wanna get a platform that was implementing reasonable fees and then go to the big exchange site like FTX and binance.

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July 18, 2022, 11:48:51 PM
 #11

Is there a trading platform that has stable and reasonable fees?
Here's might what you need to know.
Crypto-Exchange Fee Comparison.

As they have said above, choose the exchange platform that has a reputation and high liquidity.
We know that trading fees are the primary source of exchange for their revenue so it was expected that there's a fee and it also varies on the network fee which they take a small percentage.
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July 18, 2022, 11:51:39 PM
 #12

I think the majority of exchanges have reasonable fees especially for makers but i don't know what you exactly mean by reasonable, Bybit take 0.1% and me as a small trader i don't feel any difference on my trades, i mentioned Bybit cause i use it the most but as i said i think al least all best exchanges have reasonable fees

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July 18, 2022, 11:57:32 PM
 #13

It depends on the tier level or VIP level you hold in an exchange either via trading volume or holding a native exchange token like FTT, BNB, BIT etc
So check out different popular exchanges and make comparisons

Here's might what you need to know.
Crypto-Exchange Fee Comparison.
The table in the link is most likely misleading as the info is not updated. Some exchanges now have different fee structures for example Bybit nolonger offers the 0.025% rebate for market markers

Also, the table does not specify whether the fees for the exchanges are just for spot trading or futures trading, as both markets are completely different. You can't charge the same fee rate for spot and futures.

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July 19, 2022, 12:21:06 AM
 #14

I suggest for you OP not just consider on the fees but rather think about the service of the platform and the so-called legitimacy of the exchange. Don't get fooled by those who offers you instant and small fees compared to known and reputable exchange as might cause you to regret after. I understand that fees are very important as we are finding a way to save some cost but if I were you, I don't make use of that instead, I'll go using the platform that could give me a satisfying trade results and guarantee safe transactions.

Yes, although fees are important, we shouldn't focus on them so much that we overlook other services or select the wrong exchange for our needs. With today's leading exchanges such as binance, houbi, kucoin... in general, withdrawal fees are appropriate.

In addition, to save you should avoid withdrawing tokens on ethereum networks and networks with high fees instead, you should choose networks like bsc, sol, tron… will help you save significant costs.

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July 19, 2022, 01:42:53 PM
 #15

Most of big Exchange Platform that I know has pretty reasonable fee, its 0.1% if I am not mistaken, and I think that's fair enough. For the Withdrawal Fee, you need to pick the right coin and network, for example if you want to Withdraw USDT with ERC-20 on most exchange the fee will be at least 1% but when you withdraw USDT but using BSC you will only charged for about 0.3$. Currently I think coins that used BSC network has the cheapest withdrawal fee, especially in Binance

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July 19, 2022, 02:40:09 PM
 #16

Every transaction on a trading platform, of course, cannot be separated from Maker and Taker Fees,  and some times not be unreasonable when we need to WD. Is there a trading platform that has stable and reasonable fees?
Take a look at the different trading platforms commonly used by citizens of your country, you can find them in the local board of your language. That way you will know which one is the majority in your local and use that more often. Withdrawal problems and all become more easier to cope with when you know your fellow countrymen might also be suffering from the same and it usually works out nicely. Besides, dont cheap out on fees, most of the well known exchanges have some fees which are reasonable enough, unless you are doing dust level transactions.

Stable, yes the fees do remain fixed for most. Reasonable, that is a personal question, to me an exchange is doing a service, so they can fix a fee for that, but I will prefer ease of use and quick customer support and solution than being fussy over a couple of satoshis in fees.

R


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July 19, 2022, 05:05:00 PM
 #17

I am using binance exchange and find the transaction fee here is also quite good and suitable for me, in addition to the transaction fee, the services at binance also give me a satisfied experience. If you are someone who cares about transaction fees to save costs, choose coins with cheap transaction fees like Sol, doge, bsc, or stablecoins that usually have a fixed transaction fee of 1$.

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July 19, 2022, 08:20:47 PM
 #18

Is there a trading platform that has stable and reasonable fees?

Of course there are, but they often deceive their users with various hidden commissions or sudden restrictions. In general, the most famous and most liquid exchanges, on average, commissions are about the same. At least I did not see a straightforward difference in withdrawal fees, the commission maker, taker, etc., due to the fact that exchanges are constantly competing with each other. If you are not satisfied with the commission of large and well-known exchanges and you try to find where the commission is cheaper, then be prepared to expose themselves to additional risk, which will not be discovered immediately, but much later.

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