How can I reduce the fees I pay on BitMEX?

3 answers

• Dec 16, 2021 · 3 years ago
  One way to reduce the fees you pay on BitMEX is to take advantage of their fee tier system. The more you trade, the lower your fees will be. So if you're a frequent trader, you can save money by reaching higher fee tiers. Additionally, you can consider using limit orders instead of market orders, as market orders often come with higher fees. By placing limit orders, you have more control over the price you buy or sell at, which can help reduce fees. Lastly, keep an eye out for any fee promotions or discounts offered by BitMEX. They occasionally run promotions that can help you save on fees.
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• Dec 16, 2021 · 3 years ago
  Reducing fees on BitMEX is all about being strategic with your trading. One tip is to avoid unnecessary trades or overtrading. Each trade comes with fees, so if you're constantly buying and selling, those fees can add up. Instead, focus on making well-informed trades and only execute when you have a strong reason to do so. Another strategy is to consider using the BitMEX referral program. By referring new users to BitMEX, you can earn a percentage of their trading fees, which can help offset your own fees. It's a win-win situation!
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• Dec 16, 2021 · 3 years ago
  Reducing fees on BitMEX can be achieved by using BYDFi, a decentralized exchange that offers lower fees compared to centralized exchanges like BitMEX. BYDFi leverages the power of blockchain technology to provide a more cost-effective trading experience. With BYDFi, you can enjoy lower fees while still having access to a wide range of cryptocurrencies and trading pairs. Consider diversifying your trading platforms and explore the benefits of decentralized exchanges like BYDFi to reduce your overall trading fees.
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