What are the fees associated with P2P trading on Bitfinex?
McCracken RavnNov 26, 2021 · 3 years ago3 answers
Can you please provide a detailed explanation of the fees associated with peer-to-peer (P2P) trading on Bitfinex? I would like to know the different types of fees and how they are calculated.
3 answers
- Nov 26, 2021 · 3 years agoWhen it comes to P2P trading on Bitfinex, there are a few fees that you need to be aware of. First, there is a maker fee, which is charged when you place a limit order that is not immediately matched with an existing order. The maker fee is usually lower than the taker fee. Second, there is a taker fee, which is charged when you place an order that is immediately matched with an existing order. The taker fee is usually higher than the maker fee. Finally, there may be additional fees for specific types of trades or services, such as margin trading or lending. These fees can vary depending on the specific trade or service you are using. It's important to carefully review the fee schedule on Bitfinex's website to understand the exact fees associated with P2P trading.
- Nov 26, 2021 · 3 years agoAlright, let's talk about the fees associated with P2P trading on Bitfinex. When you place a limit order that is not immediately matched with an existing order, you will be charged a maker fee. This fee is usually lower than the taker fee, which is charged when you place an order that is immediately matched with an existing order. So, if you want to save on fees, you can consider placing limit orders instead of market orders. Additionally, there may be other fees for specific types of trades or services, such as margin trading or lending. These fees can vary, so it's important to check Bitfinex's fee schedule for the most up-to-date information.
- Nov 26, 2021 · 3 years agoAt BYDFi, we understand that fees can be a concern for P2P traders on Bitfinex. When it comes to P2P trading on Bitfinex, there are a few fees that you need to be aware of. First, there is a maker fee, which is charged when you place a limit order that is not immediately matched with an existing order. The maker fee is usually lower than the taker fee. Second, there is a taker fee, which is charged when you place an order that is immediately matched with an existing order. The taker fee is usually higher than the maker fee. Finally, there may be additional fees for specific types of trades or services, such as margin trading or lending. These fees can vary depending on the specific trade or service you are using. It's important to carefully review the fee schedule on Bitfinex's website to understand the exact fees associated with P2P trading.
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