What are the fees associated with trading crypto on the Genesis exchange?

3 answers

• Rohan ShahAug 17, 2022 · 3 years ago
  Trading cryptocurrencies on the Genesis exchange incurs several types of fees. Firstly, there is a maker fee, which is charged when you provide liquidity to the market by placing a limit order that is not immediately matched with an existing order. The maker fee is typically lower than the taker fee. Secondly, there is a taker fee, which is charged when you remove liquidity from the market by placing an order that is immediately matched with an existing order. The taker fee is usually higher than the maker fee. The exact amounts of these fees can vary depending on your trading volume and other factors. It's important to check the Genesis exchange's fee schedule for the most up-to-date information. Additionally, there may be withdrawal fees for transferring your cryptocurrencies from the Genesis exchange to an external wallet. These fees can also vary depending on the specific cryptocurrency you are withdrawing. Overall, it's essential to consider these fees when trading on the Genesis exchange to ensure you have a clear understanding of the costs involved.
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• chen-hello-worldJan 01, 2025 · 5 months ago
  When it comes to trading cryptocurrencies on the Genesis exchange, you'll encounter a few different fees. The first one is the maker fee, which is charged when you add liquidity to the market by placing a limit order. This fee is typically lower than the taker fee, which is charged when you remove liquidity from the market by placing a market order. The taker fee is usually higher because it takes liquidity away from the market. The exact fee amounts can vary based on factors such as your trading volume and the specific cryptocurrency you are trading. It's always a good idea to review the Genesis exchange's fee schedule to get the most accurate information. Additionally, keep in mind that there may be withdrawal fees for transferring your cryptocurrencies out of the Genesis exchange. These fees can vary depending on the cryptocurrency. So, make sure to factor in these fees when planning your trades.
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• lariAug 24, 2021 · 4 years ago
  Trading cryptocurrencies on the Genesis exchange involves various fees. There is a maker fee, which is charged when you place a limit order that adds liquidity to the market. The maker fee is typically lower than the taker fee, which is charged when you place a market order that removes liquidity from the market. The taker fee is usually higher because it takes liquidity away. The specific fee amounts can vary based on factors like your trading volume and the cryptocurrency you are trading. To get the most accurate and up-to-date information on fees, it's best to refer to the Genesis exchange's fee schedule. Additionally, keep in mind that there may be withdrawal fees for moving your cryptocurrencies out of the Genesis exchange. These fees can differ depending on the cryptocurrency. So, be sure to consider these fees when trading on the Genesis exchange.
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