How does Oanda calculate commissions for cryptocurrency trading?

3 answers

• May 06, 2022 · 3 years ago
  Oanda calculates commissions for cryptocurrency trading based on a percentage of the trade value. The commission rate varies depending on the specific cryptocurrency being traded. It's important to note that Oanda's commission structure may differ from other exchanges, so it's always a good idea to compare fees before making any trades.
  338

  169
• May 06, 2022 · 3 years ago
  When it comes to calculating commissions for cryptocurrency trading on Oanda, they consider factors such as the trading volume, the type of cryptocurrency being traded, and the current market conditions. These factors help determine the commission rate, which is typically a percentage of the trade value. Oanda aims to provide competitive commission rates while ensuring a fair and transparent trading environment for its users.
  429

  143
• May 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, calculates commissions for cryptocurrency trading in a similar manner to Oanda. They also consider factors such as trading volume, cryptocurrency type, and market conditions to determine the commission rate. However, it's important to note that commission rates may vary between exchanges, so it's always recommended to compare fees and features before choosing a platform to trade on.
  427

  107