What are the fees and commissions associated with using FTX platform?

3 answers

• May 06, 2022 · 3 years ago
  Sure! When using the FTX platform, you will encounter various fees and commissions. Firstly, there are trading fees, which are charged when you execute a trade. The fee structure is based on your trading volume and can range from 0.02% to 0.07%. Additionally, there are withdrawal fees for transferring your funds out of the platform. The withdrawal fees vary depending on the cryptocurrency you are withdrawing. It's important to note that FTX offers fee discounts if you hold their native token, FTT. By holding FTT, you can enjoy reduced trading fees and lower withdrawal fees. Make sure to check the FTX fee schedule for the most up-to-date information.
  657

  329
• May 06, 2022 · 3 years ago
  The fees and commissions on FTX are relatively competitive compared to other cryptocurrency exchanges. The trading fees are based on a tiered structure, meaning the more you trade, the lower your fees will be. This incentivizes high-volume traders to use the platform. As for withdrawal fees, they vary depending on the specific cryptocurrency. It's always a good idea to review the fee schedule on FTX's website to understand the exact costs associated with your trading activities.
  483

  161
• May 06, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that FTX has a transparent fee structure. The trading fees are based on your trading volume, and the more you trade, the lower the fees become. FTX also offers fee discounts for market makers, which can further reduce your trading costs. When it comes to withdrawal fees, they vary depending on the cryptocurrency you are withdrawing. Overall, FTX aims to provide competitive fees and commissions to attract traders of all sizes.
  489

  123