What are the fees and commissions for trading on BitMEX?
Massih HadaviDec 15, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees and commissions associated with trading on BitMEX?
3 answers
- Dec 15, 2021 · 3 years agoTrading on BitMEX incurs various fees and commissions. The platform charges a taker fee and a maker fee, which are based on the trading volume. The taker fee ranges from 0.075% to 0.25%, while the maker fee ranges from -0.025% to 0.05%. Additionally, there is a settlement fee of 0.05% for perpetual contracts. It's important to note that fees may vary depending on the specific contract being traded. For more detailed fee information, it's recommended to visit the BitMEX website or contact their customer support.
- Dec 15, 2021 · 3 years agoWhen trading on BitMEX, you'll encounter fees and commissions. These fees are charged to facilitate the trading process and maintain the platform. The fees are based on the trading volume and differ between takers and makers. Takers, who remove liquidity from the order book, are charged a fee ranging from 0.075% to 0.25%. On the other hand, makers, who add liquidity to the order book, may receive a rebate ranging from -0.025% to 0.05%. Additionally, there is a settlement fee of 0.05% for perpetual contracts. It's important to review the fee schedule on the BitMEX website for the most accurate and up-to-date information.
- Dec 15, 2021 · 3 years agoBitMEX, a popular cryptocurrency derivatives exchange, charges fees and commissions for trading activities. The fees are based on the trading volume and differ between takers and makers. Takers, who execute trades at the current market price, pay a fee ranging from 0.075% to 0.25%. Makers, who provide liquidity by placing limit orders, may receive a rebate ranging from -0.025% to 0.05%. Additionally, there is a settlement fee of 0.05% for perpetual contracts. It's worth noting that BitMEX offers a fee discount program for high-volume traders. For more specific details, it's recommended to visit the BitMEX website or reach out to their customer support.
Related Tags
Hot Questions
- 90
What are the best digital currencies to invest in right now?
- 78
What are the best practices for reporting cryptocurrency on my taxes?
- 75
What is the future of blockchain technology?
- 66
How can I buy Bitcoin with a credit card?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 44
How can I protect my digital assets from hackers?
- 42
How can I minimize my tax liability when dealing with cryptocurrencies?
- 12
How does cryptocurrency affect my tax return?