What are the fees for buying crypto on FTX?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! When buying crypto on FTX, you'll encounter a few different types of fees. First, there is a trading fee, which is a percentage of the total value of your trade. The exact fee percentage depends on your trading volume and can range from 0.02% to 0.07%. Additionally, there may be network fees associated with certain cryptocurrencies, which are used to cover the cost of processing transactions on the blockchain. These fees vary depending on the cryptocurrency and can change over time. It's also worth noting that FTX offers a fee discount for users who hold FTT, the platform's native token. By holding FTT, you can reduce your trading fees by up to 60%. Overall, it's important to consider these fees when buying crypto on FTX to ensure you have a clear understanding of the costs involved.
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• Dec 17, 2021 · 3 years ago
  Buying crypto on FTX comes with its fair share of fees. You'll encounter a trading fee, which is a small percentage of your transaction value. The exact fee percentage depends on your trading volume, so the more you trade, the lower your fee will be. Additionally, some cryptocurrencies may have network fees, which are used to process transactions on their respective blockchains. These fees can vary and are subject to change. It's worth noting that FTX offers a fee discount for users who hold their native token, FTT. By holding FTT, you can enjoy reduced trading fees. So, if you're a frequent trader, it might be worth considering holding some FTT to save on fees.
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• Dec 17, 2021 · 3 years ago
  When it comes to fees for buying crypto on FTX, there are a few things to keep in mind. Firstly, there is a trading fee, which is a percentage of your transaction value. The exact fee percentage depends on your trading volume, with higher volume traders enjoying lower fees. Additionally, some cryptocurrencies may have network fees, which are used to process transactions on their respective blockchains. These fees can vary depending on the cryptocurrency and network congestion. It's also worth mentioning that FTX offers a fee discount for users who hold their native token, FTT. By holding FTT, you can enjoy reduced trading fees. So, if you're planning to buy crypto on FTX, make sure to consider these fees and factor them into your trading strategy.
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