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TagsWhat are the fees and commissions on FTX for trading cryptocurrencies?
JdevDec 20, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the fees and commissions associated with trading cryptocurrencies on FTX? How do these fees compare to other exchanges? Are there any additional charges or hidden costs that traders should be aware of?
1 answers
- As an expert in the cryptocurrency industry, I can tell you that FTX is known for its competitive fees and commissions. When trading cryptocurrencies on FTX, you can expect a standard trading fee of 0.07% for both makers and takers. This fee is relatively low compared to other exchanges in the market. Additionally, FTX offers a fee discount program that allows traders to reduce their fees based on their trading volume. The more you trade, the lower your fees will be. It's important to note that FTX also charges a withdrawal fee for each cryptocurrency. The withdrawal fee varies depending on the specific cryptocurrency you are withdrawing. Overall, FTX provides a transparent fee structure and aims to offer competitive fees to its users.Dec 20, 2021 · 3 years ago
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