What are the fees for trading coins on Kraken?
Md TwohidolDec 20, 2021 · 3 years ago3 answers
Can you provide a breakdown of the fees associated with trading coins on Kraken? I'm interested in knowing the fees for both market makers and market takers, as well as any additional fees that may apply.
3 answers
- Dec 20, 2021 · 3 years agoSure! When it comes to trading coins 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 existing orders, enjoy lower fees. The fees for market makers range from 0% to 0.16% depending on the trading volume in the last 30 days. On the other hand, market takers, who remove liquidity from the market by placing orders that are immediately matched with existing orders, have slightly higher fees ranging from 0.10% to 0.26% depending on the trading volume in the last 30 days. Additionally, there may be other fees such as deposit and withdrawal fees, which can vary depending on the cryptocurrency you are trading. It's always a good idea to check Kraken's fee schedule for the most up-to-date information.
- Dec 20, 2021 · 3 years agoTrading coins on Kraken comes with fees that vary depending on whether you are a market maker or a market taker. Market makers enjoy lower fees as they provide liquidity to the market, while market takers have slightly higher fees as they remove liquidity. The fees for market makers range from 0% to 0.16% depending on the trading volume in the last 30 days, while market takers' fees range from 0.10% to 0.26%. It's important to note that these fees can change, so it's always a good idea to check Kraken's fee schedule for the most accurate and up-to-date information. Additionally, there may be other fees such as deposit and withdrawal fees, which can vary depending on the cryptocurrency you are trading.
- Dec 20, 2021 · 3 years agoWhen it comes to trading coins on Kraken, the fees vary depending on whether you are a market maker or a market taker. Market makers, who provide liquidity to the market, enjoy lower fees compared to market takers. The fees for market makers range from 0% to 0.16% depending on the trading volume in the last 30 days. Market takers, on the other hand, have slightly higher fees ranging from 0.10% to 0.26% depending on the trading volume in the last 30 days. It's worth noting that these fees can change, so it's always a good idea to check Kraken's fee schedule for the most up-to-date information. In addition to trading fees, there may be other fees such as deposit and withdrawal fees, which can vary depending on the cryptocurrency you are trading. Make sure to review the fee schedule to understand the complete cost of trading on Kraken.
Related Tags
Hot Questions
- 95
Are there any special tax rules for crypto investors?
- 94
How can I protect my digital assets from hackers?
- 86
What are the tax implications of using cryptocurrency?
- 85
How can I buy Bitcoin with a credit card?
- 75
How does cryptocurrency affect my tax return?
- 72
What are the advantages of using cryptocurrency for online transactions?
- 59
How can I minimize my tax liability when dealing with cryptocurrencies?
- 25
What are the best practices for reporting cryptocurrency on my taxes?