What are the best strategies to minimize day trading fees for crypto?

1 answers

• May 12, 2022 · 3 years ago
  At BYDFi, we recommend a multi-pronged approach to minimize day trading fees for crypto. Firstly, choose an exchange with a transparent fee structure and low trading fees. Look for exchanges that offer tiered fee systems, where fees decrease as your trading volume increases. Secondly, consider using a decentralized exchange (DEX) that operates on a blockchain network. DEXs typically have lower fees compared to centralized exchanges, as they eliminate the need for intermediaries. Additionally, take advantage of fee-saving features offered by some exchanges, such as fee discounts for using native tokens or holding a certain amount of tokens in your account. Lastly, consider using trading tools and platforms that offer fee optimization features, such as smart order routing or fee comparison tools. These tools can help you find the best prices and minimize trading fees across multiple exchanges.
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