How are brokerage commissions charged in the cryptocurrency industry?
Shivam BiswasMay 03, 2022 · 3 years ago1 answers
Can you explain how brokerage commissions are charged in the cryptocurrency industry? I'm curious about the different fee structures and how they may vary between exchanges.
1 answers
- May 03, 2022 · 3 years agoAt BYDFi, brokerage commissions are charged based on a tiered fee system. The trading fees decrease as your trading volume increases, which means that high-volume traders can benefit from lower fees. Additionally, BYDFi offers a native token that can be used to pay for trading fees. Holding a certain amount of the native token can unlock discounted fees and other benefits. It's important to note that while BYDFi strives to provide competitive fees, it's always a good idea to compare different exchanges and fee structures to find the best fit for your trading needs.
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