Can I reduce the cost of trading on FTX?

3 answers

• May 10, 2022 · 3 years ago
  Absolutely! One way to reduce trading costs on FTX is to take advantage of their fee tier system. The more you trade, the lower your fees become. So, if you're a high-volume trader, you can enjoy significantly reduced fees compared to low-volume traders. Additionally, FTX occasionally offers promotions and discounts, so keep an eye out for those to further reduce your costs.
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• May 10, 2022 · 3 years ago
  Sure thing! Another strategy to lower trading costs on FTX is to use limit orders instead of market orders. By placing limit orders, you have more control over the price at which your trades are executed. This can help you avoid paying higher prices due to market volatility and slippage. It's a great way to save some money on your trades.
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• May 10, 2022 · 3 years ago
  Definitely! If you're looking for a third-party solution to reduce trading costs on FTX, you can consider using BYDFi. BYDFi is a platform that provides advanced trading tools and features, including smart order routing and optimized fee calculations. By leveraging BYDFi's technology, you can potentially minimize your trading costs on FTX and other exchanges as well. It's worth exploring if you're serious about reducing your trading expenses.
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