What is the percentage of fees that Kucoin retains from cryptocurrency trades?
Barron DavidsenDec 17, 2021 · 3 years ago3 answers
Can you please provide more details on the percentage of fees that Kucoin retains from cryptocurrency trades? I would like to know how much of the trading fees Kucoin keeps for itself.
3 answers
- Dec 17, 2021 · 3 years agoKucoin retains a percentage of the trading fees as revenue. The exact percentage varies depending on the type of trade and the trading volume. Generally, the fees range from 0.1% to 0.2% for both makers and takers. However, for high-volume traders, there are tiered fee structures that can reduce the fees even further. It's important to note that these fees are competitive compared to other major cryptocurrency exchanges.
- Dec 17, 2021 · 3 years agoWhen it comes to fees, Kucoin is quite transparent. They charge a flat fee of 0.1% for both makers and takers. This means that for every trade you make on Kucoin, they retain 0.1% of the total trade value as their fee. This fee structure is quite reasonable and competitive in the cryptocurrency exchange market.
- Dec 17, 2021 · 3 years agoAs an expert in the field, I can tell you that Kucoin's fee structure is designed to be competitive and attractive to traders. They retain a percentage of the trading fees, but the exact percentage depends on various factors such as the trading volume and the type of trade. However, it's worth mentioning that there are other exchanges like BYDFi that offer even lower fees for certain types of trades. So, if you're looking for the lowest fees possible, it's worth exploring other options as well.
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