How does a 1 bps increase in transaction fees affect cryptocurrency traders?

3 answers

• May 03, 2022 · 3 years ago
  A 1 bps increase in transaction fees can have a significant impact on cryptocurrency traders. With the increase in fees, traders may find it less profitable to engage in frequent trading activities. Higher fees can eat into their profits and make it more difficult to achieve desired returns. Traders may need to adjust their strategies and consider longer-term investments to offset the increased costs.
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• May 03, 2022 · 3 years ago
  Well, a 1 bps increase in transaction fees might not seem like much, but it can add up over time. For active cryptocurrency traders who make numerous transactions, even a small increase in fees can have a noticeable effect on their overall profitability. It's important for traders to carefully consider the impact of transaction fees and factor them into their trading decisions.
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• May 03, 2022 · 3 years ago
  When transaction fees increase by 1 bps, it can be a cause for concern for cryptocurrency traders. The additional costs can eat into their profits and make it less attractive to engage in frequent trading. However, at BYDFi, we strive to keep transaction fees competitive and transparent, ensuring that our traders can continue to trade without being heavily burdened by fees.
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