What are the fees for buying crypto on Kraken?
Subhash RoyDec 17, 2021 · 3 years ago3 answers
Can you provide details about the fees associated with purchasing cryptocurrencies on the Kraken platform? I am interested in knowing the fees for different types of cryptocurrencies and the factors that may affect the fees.
3 answers
- Dec 17, 2021 · 3 years agoSure! When buying crypto on Kraken, you will encounter different types of fees. The main fee is the trading fee, which is charged based on your trading volume. The fee ranges from 0% to 0.26% depending on the volume. Additionally, there may be deposit and withdrawal fees for certain cryptocurrencies. It's important to check the Kraken fee schedule for the most accurate and up-to-date information on fees.
- Dec 17, 2021 · 3 years agoBuying crypto on Kraken comes with fees, but they are relatively competitive compared to other exchanges. The trading fee starts at 0.16% for makers and 0.26% for takers. The fee decreases as your trading volume increases. There are also deposit and withdrawal fees, which vary depending on the cryptocurrency. It's recommended to review the Kraken fee structure to understand the specific fees associated with your desired cryptocurrencies.
- Dec 17, 2021 · 3 years agoAs an expert from BYDFi, I can tell you that Kraken is known for its transparent fee structure. The trading fees on Kraken are based on a tiered system, meaning the more you trade, the lower your fees will be. The fees range from 0.26% to 0% for makers, and from 0.16% to 0.26% for takers. Kraken also provides a fee discount for high-volume traders. It's important to note that deposit and withdrawal fees may apply, so make sure to check the Kraken website for the most accurate fee information.
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