What are the fees associated with trading cryptocurrencies on Kraken online?
![avatar](https://download.bydfi.com/api-pic/images/avatars/ejpA6.jpg)
Can you provide a detailed breakdown of the fees associated with trading cryptocurrencies on the Kraken online platform? I would like to know the fees for both market makers and market takers, as well as any other fees that may be applicable.
![What are the fees associated with trading cryptocurrencies on Kraken online?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/2b/27dd7da4bb07f9f458c2d1a70a4bca7ea1ee0b.jpg)
3 answers
- Sure! When it comes to trading cryptocurrencies on Kraken, there are different fees for market makers and market takers. Market makers, who provide liquidity to the market by placing limit orders that are not immediately matched with an existing order, enjoy lower fees. The fees for market makers range from 0% to 0.16%, depending on the trading volume. On the other hand, market takers, who place orders that are immediately matched with existing orders, have higher fees that range from 0.10% to 0.26%, again depending on the trading volume. Additionally, Kraken charges a small fee for deposits and withdrawals, which varies depending on the cryptocurrency. It's important to note that these fees are subject to change, so it's always a good idea to check the Kraken website for the most up-to-date information.
Dec 20, 2021 · 3 years ago
- Trading cryptocurrencies on Kraken online comes with its own set of fees. Market makers, who add liquidity to the market, enjoy lower fees compared to market takers. The fees for market makers start at 0% and can go up to 0.16%, depending on the trading volume. Market takers, on the other hand, have fees ranging from 0.10% to 0.26%, again depending on the trading volume. In addition to trading fees, Kraken also charges fees for deposits and withdrawals, which vary depending on the cryptocurrency. It's important to keep in mind that these fees can change, so it's always a good idea to check the Kraken website for the most accurate and up-to-date information.
Dec 20, 2021 · 3 years ago
- As a leading cryptocurrency exchange, Kraken offers competitive fees for trading cryptocurrencies. Market makers, who provide liquidity to the market by placing limit orders, enjoy lower fees ranging from 0% to 0.16% based on the trading volume. Market takers, who place orders that are immediately matched with existing orders, have slightly higher fees ranging from 0.10% to 0.26%. Additionally, Kraken charges fees for deposits and withdrawals, which vary depending on the cryptocurrency. It's worth noting that these fees are subject to change, so it's always a good idea to check the Kraken website for the most up-to-date information.
Dec 20, 2021 · 3 years ago
Related Tags
Hot Questions
- 91
What are the best practices for reporting cryptocurrency on my taxes?
- 87
How can I protect my digital assets from hackers?
- 67
Are there any special tax rules for crypto investors?
- 42
How can I buy Bitcoin with a credit card?
- 37
What is the future of blockchain technology?
- 33
What are the tax implications of using cryptocurrency?
- 19
What are the best digital currencies to invest in right now?
- 19
What are the advantages of using cryptocurrency for online transactions?