What are the best practices for avoiding fees on BitMEX?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure! Here are a few strategies you can use to avoid fees on BitMEX: 1. Use limit orders instead of market orders: By placing limit orders, you have more control over the price at which your trade executes. This can help you avoid paying unnecessary fees. 2. Take advantage of maker rebates: BitMEX offers a rebate to traders who provide liquidity to the market by placing limit orders that are not immediately filled. By becoming a market maker, you can earn a rebate on your trades and offset some of the fees. 3. Consider using the BYDFi platform: BYDFi is a digital currency exchange that offers competitive fee structures. By trading on BYDFi instead of BitMEX, you may be able to reduce your trading costs. Remember, it's important to do your own research and consider your trading strategy before making any decisions. Good luck!
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• Dec 15, 2021 · 3 years ago
  Avoiding fees on BitMEX can be a challenge, but here are a few tips to help you out: 1. Optimize your trading strategy: By carefully planning your trades and minimizing unnecessary transactions, you can reduce the number of fees you incur. 2. Keep an eye on the fee schedule: BitMEX has a tiered fee structure based on your trading volume. Make sure you understand the fee schedule and adjust your trading strategy accordingly. 3. Explore other exchanges: While BitMEX is a popular choice for cryptocurrency trading, there are other exchanges that may offer lower fees or different fee structures. Consider exploring other options to find the best fit for your trading needs. I hope these tips help you avoid unnecessary fees on BitMEX. Happy trading!
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• Dec 15, 2021 · 3 years ago
  Avoiding fees on BitMEX is a top priority for many traders. Here are a few best practices to help you minimize your fees: 1. Use the BitMEX fee calculator: BitMEX provides a fee calculator on their website that allows you to estimate the fees associated with your trades. By using this tool, you can plan your trades accordingly and avoid any surprises. 2. Take advantage of fee discounts: BitMEX offers fee discounts for certain types of trades, such as maker orders. By understanding the fee discount structure, you can optimize your trading strategy to take advantage of these discounts. 3. Consider using limit orders: By using limit orders instead of market orders, you can have more control over the price at which your trade executes. This can help you avoid unnecessary fees. I hope these tips help you save on fees while trading on BitMEX. Happy trading!
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