How do interest fees work when trading cryptocurrencies?

3 answers

• Apr 30, 2022 · 3 years ago
  Interest fees in cryptocurrency trading are calculated based on the amount of leverage used and the duration of the trade. The fees are usually a percentage of the borrowed funds and can vary depending on the platform you are using. It's important to carefully consider the interest fees before entering a leveraged trade to ensure it aligns with your trading strategy and risk tolerance.
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• Apr 30, 2022 · 3 years ago
  When trading cryptocurrencies, interest fees are typically charged on leveraged positions. These fees are calculated based on the size of the position and the duration of the trade. The longer you hold a leveraged position, the higher the interest fees will be. It's important to factor in these fees when making trading decisions to ensure they don't eat into your potential profits.
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• Apr 30, 2022 · 3 years ago
  Interest fees in cryptocurrency trading can vary between different platforms. For example, at BYDFi, interest fees are calculated based on the size of the leveraged position and the duration of the trade. It's important to carefully consider these fees before entering a leveraged trade and to compare them with other platforms to ensure you are getting the best deal.
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