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What are the fees for crypto trading on Polinex?

avatarMerritt EgholmDec 17, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the fees associated with crypto trading on Polinex?

What are the fees for crypto trading on Polinex?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! When it comes to trading cryptocurrencies on Polinex, there are a few fees to keep in mind. First, there is a maker fee, which is charged when you add liquidity to the order book by placing a limit order that doesn't get immediately matched. This fee is typically lower than the taker fee. Second, there is a taker fee, which is charged when you remove liquidity from the order book by placing an order that gets immediately matched with an existing order. This fee is usually higher than the maker fee. Additionally, Polinex may also charge withdrawal fees when you transfer your cryptocurrencies out of the exchange. It's important to check Polinex's fee schedule for the most up-to-date information as fees can vary based on factors such as trading volume and account type.
  • avatarDec 17, 2021 · 3 years ago
    The fees for crypto trading on Polinex depend on whether you are a maker or a taker. Makers provide liquidity to the market by placing limit orders that don't get immediately matched, while takers remove liquidity by placing orders that get immediately matched. Makers usually pay lower fees compared to takers. Polinex also charges withdrawal fees for transferring your cryptocurrencies out of the exchange. It's worth noting that fees can vary based on factors such as trading volume and account type, so it's always a good idea to check Polinex's fee schedule for the most accurate information.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers competitive fees for crypto trading on Polinex. The fees are structured in a way that rewards market makers and encourages liquidity in the market. Makers, who add liquidity to the order book, are charged lower fees compared to takers, who remove liquidity. Polinex also charges withdrawal fees for transferring cryptocurrencies out of the exchange. It's important to note that fees can vary based on factors such as trading volume and account type, so it's recommended to check Polinex's fee schedule for the most up-to-date information.