How much is your trading fees worth in a year?

[TheVeteranAngel]

For a long time I never really paid attention to trading fees. Since my trading volume was relatively small, I assumed the fees were insignificant and not worth worrying about.

That perspective changed once my daily trading volume started moving into the thousands. I began to notice that the fees were quietly adding up, and over time the cost was far from small.

I looked into several exchanges to see if switching platforms would make a difference, but the maker and taker fee structures across most major exchanges seem quite similar. Because of that, a friend suggested that the real way traders reduce costs is by joining exchange VIP programs.

I have not tried any VIP program yet, so I am curious to hear from people who have experience with them. Has anyone here joined the VIP programs on exchanges like Bitget, Binance, Bybit, or OKX? Since Bitget is where I trade most often, I am especially interested in hearing about their VIP program.

Does it actually make a noticeable difference in trading fees for active traders? And is it worth the effort to qualify for it?

[SilverCryptoBullet]

I looked into several exchanges to see if switching platforms would make a difference, but the maker and taker fee structures across most major exchanges seem quite similar.

https://www.cryptowisser.com/exchanges/
https://exchangewar.info/

Because of that, a friend suggested that the real way traders reduce costs is by joining exchange VIP programs.

There are VIP programs with different Tiers and benefits for users, and you can consider these programs as well as possible levels that you can meet with your account balance, exchange token holding and trading volume but it's risky if you let the required trading volume monthly forcing you to trade more in uncomfortable ways. It will escalate risk from your more active trading than usual and don't let benefit from VIP programs and discount trading fee to cause bigger loss from your trading.

[noorman0]

I honestly didn't think much about fees, even when I used to trade regularly on DEXs, probably because I'm not a day trader. Most platforms offer fees under 0.2%, which is quite affordable. Without having to worry about user levels like VIPs, you can also use their proprietary tokens for fees, which usually have a larger fee reduction.

[slaman29]

Answer to your last question: no, for majority of traders. I think everyone should just trade as they normally do, and the loyalty perks etc will all add up naturally. Most of us won't be trading in 6 figure volumes annually (and for reference if you save 0.5% on 100k it's $500).

The only time I ever racked up that much in a month was when I was doing trading contests on DEXs, then you see how 0.5% can really make a difference, but over a year? If you're dying to save that much, then you're probably not making much with actual trading profits haha.

Now why did I choose 0.5%? Because you're lucky if you can save even 0.1 or 0.2% on most VIP programs that don't require million dollar volume

[cryptoaddictchie]

Since Im not an active day trader and only most focus on spot trading then Im not usually monitoring if its huge or not. But as I noticed that fees are negligence, but I bet its not so much to be worried about.

Also most cex have VIP program for those who actively trading and the higher the tier they can avail a lowered fee group. But ofcourse thats only for those who incurred huge trading volume.