What are the best ways to save on cryptocurrency trading fees in 2021?

6 answers

• Dec 17, 2021 · 3 years ago
  One of the best ways to save on cryptocurrency trading fees is to choose a cryptocurrency exchange that offers low fees. Look for exchanges that have competitive fee structures and offer discounts for high-volume traders. Additionally, consider using exchanges that offer fee rebates or rewards programs, as these can help offset the costs of trading.
  351176
• Dec 17, 2021 · 3 years ago
  Another strategy to save on trading fees 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. By using limit orders instead of market orders, you can reduce the fees you pay when buying or selling cryptocurrencies.
  326109
• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique way to save on trading fees. They have a decentralized finance (DeFi) platform that allows users to trade cryptocurrencies with minimal fees. By utilizing their DeFi platform, traders can enjoy lower fees compared to traditional centralized exchanges.
  30978
• Dec 17, 2021 · 3 years ago
  In addition to choosing the right exchange and utilizing maker fees, it's important to be mindful of the frequency and size of your trades. Making fewer, larger trades can help reduce the overall fees you pay. Consider consolidating your trades and using batch orders to minimize the number of transactions you make.
  31664
• Dec 17, 2021 · 3 years ago
  If you're an active trader, consider joining a trading community or group. These communities often have partnerships with exchanges that offer exclusive fee discounts to their members. By joining such a community, you can access lower trading fees and stay updated on the latest market trends and strategies.
  30852
• Dec 17, 2021 · 3 years ago
  Lastly, keep an eye out for promotional offers and fee discounts from exchanges. Many exchanges run special promotions or offer fee discounts during certain periods. Stay informed about these offers and take advantage of them to save on trading fees.
  25036