What are the fees and transaction costs associated with trading cryptocurrencies on FTX, Coinbase, and Binance?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! When it comes to trading cryptocurrencies on FTX, Coinbase, and Binance, there are various fees and transaction costs involved. Let's start with FTX. FTX charges a fee for both market makers and takers, with the fee ranging from 0.02% to 0.07% depending on the trading volume. Additionally, FTX also has a funding fee for perpetual futures contracts. Moving on to Coinbase, they have a different fee structure. Coinbase charges a spread of about 0.50% for buying and selling cryptocurrencies, and they also have a Coinbase Fee, which is a percentage of the transaction amount. Finally, Binance has its own fee structure as well. Binance charges a flat fee of 0.10% for both market makers and takers, but if you hold BNB (Binance Coin), you can enjoy a discount on the trading fees. It's important to note that these fees may vary and it's always a good idea to check the respective platforms for the most up-to-date fee information.
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• Dec 18, 2021 · 3 years ago
  Alright, let's break down the fees and transaction costs associated with trading cryptocurrencies on FTX, Coinbase, and Binance. Starting with FTX, they have a tiered fee structure based on your trading volume. The more you trade, the lower the fees. Market makers enjoy lower fees compared to takers. Moving on to Coinbase, they charge a spread fee, which is the difference between the buy and sell prices. This fee is usually around 0.50% of the transaction amount. Lastly, Binance charges a flat fee of 0.10% for both market makers and takers. However, if you hold BNB, you can get a discount on the trading fees. It's worth noting that these fees can change over time, so it's always a good idea to check the platforms for the most accurate fee information.
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• Dec 18, 2021 · 3 years ago
  When it comes to trading cryptocurrencies, it's important to consider the fees and transaction costs involved. Let's take a look at FTX, Coinbase, and Binance. FTX charges a fee for both market makers and takers, with the fee ranging from 0.02% to 0.07% depending on the trading volume. They also have a funding fee for perpetual futures contracts. Coinbase, on the other hand, charges a spread fee, which is a percentage of the transaction amount. This fee is typically around 0.50%. As for Binance, they have a flat fee of 0.10% for both market makers and takers. However, if you hold BNB, you can enjoy a discount on the trading fees. It's always a good idea to check the platforms for the most up-to-date fee information, as fees can vary and change over time.
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