What is the fee structure for trading cryptocurrencies on Kraken?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! When it comes to trading cryptocurrencies on Kraken, the fee structure is based on a maker-taker model. Makers are traders who provide liquidity to the market by placing limit orders that are not immediately matched with existing orders. Takers are traders who remove liquidity from the market by placing market orders or limit orders that are immediately matched with existing orders. Makers enjoy lower fees compared to takers, incentivizing them to provide liquidity. The fee structure varies depending on the trading volume and the currency pair being traded. You can find the detailed fee schedule on Kraken's website under the 'Fees' section.
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• Nov 25, 2021 · 3 years ago
  The fee structure on Kraken is quite straightforward. As a maker, you can enjoy reduced fees for providing liquidity to the market. On the other hand, as a taker, you will be charged higher fees for removing liquidity from the market. The fees are calculated based on your trading volume over the past 30 days and the currency pair you are trading. It's important to note that Kraken offers volume-based fee discounts, meaning the more you trade, the lower your fees will be. For the most accurate and up-to-date fee information, I recommend checking Kraken's official website.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has a fee structure similar to Kraken. They also follow a maker-taker model, where makers enjoy lower fees for providing liquidity to the market. The fees are based on the trading volume and the currency pair being traded. BYDFi offers competitive fees and provides volume-based fee discounts to incentivize traders. You can find the detailed fee schedule on BYDFi's website under the 'Fees' section. It's always a good idea to compare the fee structures of different exchanges to find the one that suits your trading needs the best.
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