What are the different tiers of NGC fees based on trading volume?

3 answers

• May 03, 2022 · 3 years ago
  Sure! The different tiers of NGC fees based on trading volume are designed to incentivize higher trading volumes. As your trading volume increases, you move up to a higher tier with lower fees. This encourages traders to trade more frequently and in larger volumes, which benefits both the exchange and the traders. It's a win-win situation!
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• May 03, 2022 · 3 years ago
  The NGC fee tiers are typically divided into multiple levels, such as bronze, silver, gold, and platinum. Each level has its own trading volume requirement and corresponding fee structure. The higher the tier, the lower the fees. This allows high-volume traders to enjoy reduced trading costs and potentially increase their profitability. It's a great way to reward active and loyal traders!
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• May 03, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers different tiers of NGC fees based on trading volume. The fee structure is similar to other exchanges, where higher trading volumes result in lower fees. This encourages traders to trade more frequently and in larger volumes, which can lead to increased liquidity and market activity. It's a common practice among exchanges to implement tiered fee structures to incentivize trading and attract more users.
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