Does trading fees really matter ? - page 3.

WatchMaker

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

People are trading cryptocurrencies for profits. While trading people are earning profits from 1-2% upwards and sometimes even lose some money as well. If people are earning 1-2% in profits why not consider the trading fees because the higher the trading fees the less money people can make. Trading fees really matters Cool

micalith

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In our culture, we have a saying which is "drops come together and make a lake". We may not realize how much fee we give but it really makes a lot when we sum them up. So, it really matters.

atjiat

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Quote from: Obito on October 21, 2019, 10:28:43 AM

Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Fees does really matter specially if you're earning not a bit much. Imagine you are about to get home without buying anything yet, and yet here comes the fees that deducts right away then. And those fees or extra expenses reduces your portfolio growth over time. They may be seem a no big deal but just think about they add up as time goes and imagine that it is supposed to be in your portfolio, you may be having a potentially quite bigger portfolio without those fees.

Of course, if a trader has not received any results for a certain period from trading or is even worse in the red, then the situation with interest exacerbates his condition even more. But it seems to me that everything depends on the individual selection of the exchange in order to take into account not only your experience and professionalism, but also the volatility of the cryptocurrency you have chosen. I believe that taking into account some factors, undesirable losses due to interest on trade can be avoided.

Obito

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Fees does really matter specially if you're earning not a bit much. Imagine you are about to get home without buying anything yet, and yet here comes the fees that deducts right away then. And those fees or extra expenses reduces your portfolio growth over time. They may be seem a no big deal but just think about they add up as time goes and imagine that it is supposed to be in your portfolio, you may be having a potentially quite bigger portfolio without those fees.

Fredomago

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Quote from: Genemind on October 21, 2019, 05:37:25 AM

We might only see it as a small amount but it's already a big thing especially for small traders who are only earning a small amount of profit so if there will be another choice, it will still be better for us to look for exchanges with cheaper fees. Fee is a big deal for new and small traders especially those who aren't professional on this field yet and for those who are doing scalping and day trading.

Agree with scalpers and day traders since they are risking their positions every time they place their investment, then fees will hurt their butts since it's really dividing the potential profits coming from such risk that they've take.

Traders if can find much better service who offers smaller fees will surely jump in right away, knowing that the small percentage coming from every
executions of their trade if being added to their actual profits will be decent enough to consider as profits.

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Quote from: gandame on October 19, 2019, 07:10:35 PM

Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Its not a big deal for me the trading fees we all know that every exchange has fee and every transaction we made has fees. So expect the fact that every exchange has fee and different % they get.

But this fee is really big matter for the many traders who guys are daily trader and they will be get very little profit. Yeah, trading fee is comparatively different in all of the exchanges but transaction is almost same. Specially small trader is affected for the fee. But i don’t think it’s big thing for the majority of the traders. 0.25% fee is not for the every single exchange i think. Some exchange asking more fee.

Genemind

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We might only see it as a small amount but it's already a big thing especially for small traders who are only earning a small amount of profit so if there will be another choice, it will still be better for us to look for exchanges with cheaper fees. Fee is a big deal for new and small traders especially those who aren't professional on this field yet and for those who are doing scalping and day trading.

erickastella

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for me 0.25% is a very small fee because I am a small trader too and my income is quite enough for a day, but for 0.25 for upper class traders it is expensive fees for them because their income is also large, therefore on the market binance up to 0.04% for those VIP9 classes. therefore 0.25% looks small to you but it looks very big to them.

pundit

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Trading fee actually matters when you are a day trader and looking for short profit. Out of 2% profit, fee of .25% means you are giving 12.5% as trading fee out of your total fee which seems quite high but if profit is big like 20%, 30% or more which is generally there in medium to long term trading then trading fee of .25% hardly matters. Scalping always needs low trading fee.

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

It is not every time that you get the opportunity to earn more than 2 percent, there are some trades that are not even up to that amount.

There are so many people in this forum that trades with very low amount, and the people that will also feel it are those that are expert and makes so much on their trading, you can imagine how much that percentage will be on a huge trading which would have saved the trader much more on the trade, so it is very necessary that we trade at an exchange that really has a very low trading fee, although if we are to really be fair and not greedy, actually 0.25 percent is not that much for me, it is even something I can decide to donate to charity, so it is not much for the people that provided their platform for it, but it would also not be bad if they make it cheaper.

EdvinZ

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Trading fees matter to those people who are engaged in trading scalping. In this strategy, the size of the Commission is very important, since the profit from each transaction is minimal. For other traders, I think that this indicator is not so significant when choosing a trading platform. They are much more interested in the presence of certain trading pairs, trading volumes, etc.

gandame

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Its not a big deal for me the trading fees we all know that every exchange has fee and every transaction we made has fees. So expect the fact that every exchange has fee and different % they get.

TinaK

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Normally this trading fees issue is not a matter for the big traders and investors but for regular use age people ll and expect this fees issue has been sorted out.
When I speak about myself, I will surely care about the fees amount while making every transactions, reason for it is I am morning very few penis only from here.

South Park

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Quote from: jamesndungu1 on October 17, 2019, 06:34:02 PM

Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

It is very important to understand that the goal while trading is to reduce extra expenses such as extremely high trading fees. Therefore, the strategy that I apply while trading is choosing an exchange that has moderate trading fees. With this, I ensure that I do not end up using more money than the required for mere trading fees. The ultimate goal is to make profits, not spend. Thanks to cryptocurrency, crypto exchanges usually have greatly reduced trading fees, which is one of the benefits of the the cryptoworld.

Correct, very often I see people that seem to care only about the process of trading and not the end result, traders should never forget the main reason for doing what they do and that is to make money, which means that if you can reduce your fees significantly without affecting any other aspect of your system then you must do it, while the profits may not seem to be worth the effort now they will be worth the effort in the future when the price of bitcoin becomes higher than what we see now.

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It matters if only you are a big trader, if you trade constantly then you would care about the fee since it would eat up all your money in the end if you don't care about it. If you are dealing with even %1 loss every single day compared to some other exchange that could mean millions in the end depending on your budget, at least thousands if you keep repeat trading all the time every day for a whole year.

So, in the end it does matter but only if you are a trader that trades a ton of money all the time, if not and you are just a long term investor that wants to buy and hodl for a long time and sell later, then I think you can be fine with any place with any fee in the end, it is not going to matter much. Sure you can still pick a cheaper one if you can but it won't be too much of a difference.

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

if you are a day trader, you must complain about trading fees, 0.25% for once placing an order/sell book. So you need to pay a 0.50% fee for your trading fees in one go until you get a profit. Can you imagine if you placed an order/sell book more than 10 times?

Fee calculation greatly affects the results for day traders. Whereas long-term traders are not that huge because they only do 2-4 times in a long time.

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Quote from: pawanjain on October 10, 2019, 12:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

Well, if you are true trader then you should know that it matters. Fees can be a big impact on the earnings even if it is just small. Imagine, as you made transaction especially if it huge amount the fees will be high as well because it will be calculated based on the amount of your fund and there are times that the fees are almost comparable to the capital you invest. The fees from making a transaction and fees for withdrawal, if you combine them it could be fatal that is why traders tend to choose the exchanges that have low fees.

BigBos

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Quote from: jakoylantern on October 17, 2019, 10:57:03 PM

For me, it depends on the trading fees and to the trader. We know that there some kinds of traders, and this trader can trade/ transact a massive amount of cryptos and can make a huge profit. On the other hand, there some traders transact a low amount. I know that the percentage trading fees are base on what value you are trading but imagine the .25% - .30% trading fees to some whales.

For traders who trade fairly large, fees are very much considered. because of this, sometimes they use other tokens that have a small fee. no matter what% the cost is cut, if the transaction has a large amount, it will be a burden on the mind. because of this transaction fees from a market is very considered, and that makes the market that has the cheapest fees the first choice for traders.

TRONTON

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some traders will choose to trade in the market with a smaller fee (0.1%) such as binance etc., and some remain in the market for the fees you mentioned. Active traders tend not to think about it anymore, especially for those who are fundamental to get profits above 10%.

0.25% is still relative and has no problems with the allocation of estimated profit that continues to be accumulated regularly

jakoylantern

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For me, it depends on the trading fees and to the trader. We know that there some kinds of traders, and this trader can trade/ transact a massive amount of cryptos and can make a huge profit. On the other hand, there some traders transact a low amount. I know that the percentage trading fees are base on what value you are trading but imagine the .25% - .30% trading fees to some whales.

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