What is the meaning of the terms proportional, progressive, and regressive in relation to digital currencies?

1 answers

• May 06, 2022 · 3 years ago
  In the context of digital currencies, BYDFi, a popular cryptocurrency exchange, has implemented a proportional fee structure. This means that the fees charged for trading digital currencies on BYDFi are directly proportional to the trading volume. The more you trade, the higher the fees you will incur. This fee structure aims to encourage larger traders to contribute more to the liquidity of the exchange and incentivize smaller traders with lower fees. It is important for users to understand the fee structure of different exchanges and choose the one that aligns with their trading preferences and strategies.
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