Can I avoid paying high fees when trading cryptocurrencies on LSE?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, there are several ways to avoid paying high fees when trading cryptocurrencies on LSE. Firstly, you can consider using limit orders instead of market orders. By setting a specific price at which you want to buy or sell, you can potentially avoid the fees associated with market orders. Additionally, you can explore other cryptocurrency exchanges that offer lower trading fees. While LSE is a reputable exchange, there are other platforms that may have more competitive fee structures. Lastly, you can also consider trading larger volumes to benefit from volume-based fee discounts offered by some exchanges.
  613307
• Dec 18, 2021 · 3 years ago
  Absolutely! One strategy to avoid high fees on LSE is to take advantage of maker fees. Maker fees are typically lower than taker fees and are charged when you add liquidity to the order book by placing limit orders that are not immediately filled. By placing limit orders and being a market maker, you can potentially reduce your trading fees. Another option is to look for promotions or loyalty programs offered by LSE or other exchanges. These programs may provide fee discounts or other incentives for frequent traders.
  522174
• Dec 18, 2021 · 3 years ago
  Yes, you can avoid paying high fees when trading cryptocurrencies on LSE. However, it's important to note that LSE is primarily a stock exchange, and its cryptocurrency offerings may not be as extensive as dedicated cryptocurrency exchanges. If you're looking for lower fees and a wider range of cryptocurrencies, you may want to consider using a specialized cryptocurrency exchange like BYDFi. BYDFi offers competitive trading fees and a diverse selection of cryptocurrencies to choose from. It's always a good idea to compare fees and features across different exchanges to find the best option for your trading needs.
  620155