Does trading fees really matter ? - page 4.

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Quote from: Edraket31 on October 16, 2019, 07:30:09 AM

Quote from: glendall on October 16, 2019, 02:09:08 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% ?

of course it is a problem, especially for whales that conduct daily trading by looking for small profits like 3% -5%, and of course this is a big problem because they once traded spending hundreds of thousands of USD.
That is why there is always an exchange that gives a VIP account to whales, so trading fee will be cheaper.

I am also trading sometimes, when I do have time, so I am also considering the trading fee, and perfect for me is Binance and BitForex, those platforms have great trading fee, and also I am checking the convenient, I am considering the user friendly exchange which I have seen there. If trading fee doesn't matter, then it will be hard for traders to take profit and trade.

If you are a small investor, the transaction fee is not really a problem that you have to worry because that fee will not help you to earn high profits from this market. In fact, if you make 1% of your daily profit then you are profitable and most of the major exchanges only charge fees between 0.05% and 0.2% so there won't be too many big problems in investing.

I personally only use Binance exchange to trade because fee at this exchange is really very cheap for all participants investing here.

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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% ?

That depends on the volume and frequency of your trading, if you have $ 500,000 and you are a medium or long-term trader your trading volume is $ 500,000 a month, then 0.25% of the fee (1250 $) is not a problem. But if your capital is $ 10,000 and you are a daily trader, your volume can reach $ 500,000 a month, the $ 1250 fee is a big problem.

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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 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.

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Quote from: Edraket31 on October 16, 2019, 07:30:09 AM

Quote from: glendall on October 16, 2019, 02:09:08 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% ?

of course it is a problem, especially for whales that conduct daily trading by looking for small profits like 3% -5%, and of course this is a big problem because they once traded spending hundreds of thousands of USD.
That is why there is always an exchange that gives a VIP account to whales, so trading fee will be cheaper.

I am also trading sometimes, when I do have time, so I am also considering the trading fee, and perfect for me is Binance and BitForex, those platforms have great trading fee, and also I am checking the convenient, I am considering the user friendly exchange which I have seen there. If trading fee doesn't matter, then it will be hard for traders to take profit and trade.

Yes it does matters and even I look at the trading fee while making occasional trades (it's been a while) and Binance is reasonable and has been handy for me so far and even the transaction fee matters for me because there are some exchange which has a fixed transfer charge for bitcoin which turns out to be huge when the value is high hence sometimes I have to convert bitcoin into an altcoin with lesser transfer fee before withdrawing it from a trading platform to another.

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Quote from: DaveWave on October 15, 2019, 02:08:05 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% ?

I myself used to trade a lot before. Normally with a $10,000 per position. A 2% gain and I am already happy to close it. 2% gain means $200 and if the fee is 0.25% per trade then that will be $50. So my profit is only $150 which is still good but that $50 is too material (that is 25% of my gain) for me too.

At first sight such a small fee may not seem like much but when you begin to crunch numbers you begin to see that the fees are not small at all, and while some may think that you are being greedy for asking for the best possible fees when you trade the truth is that in the long term the difference in your capital can be enormous and it is not something to be taken lightly, being that the case if you can find an exchange that has a good reputation and very low fees you should use it.

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Quote from: glendall on October 16, 2019, 02:09:08 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% ?

of course it is a problem, especially for whales that conduct daily trading by looking for small profits like 3% -5%, and of course this is a big problem because they once traded spending hundreds of thousands of USD.
That is why there is always an exchange that gives a VIP account to whales, so trading fee will be cheaper.

I am also trading sometimes, when I do have time, so I am also considering the trading fee, and perfect for me is Binance and BitForex, those platforms have great trading fee, and also I am checking the convenient, I am considering the user friendly exchange which I have seen there. If trading fee doesn't matter, then it will be hard for traders to take profit and trade.

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Quote from: rijaljun on October 15, 2019, 01:05:01 AM

If the trading fee is 0.25% then $1 is a fee for 400 USD trade
If you are the one who traded it and you made like 10% profit out of it, then $1 is not a big deal comparing to your profit.

Still thinking that $1 is big?

It poverty that use to make people think the way that they think, they fight everything that is meant to be their responsibility, they have a platform that they cannot create and they are using it, do they want the owner of the platform to run the trading platform free of charge?
What makes them deserve a profit and the platform owner would not deserve?

If you ask me, this is really very insignificant amount of money that these exchanges do charge which we can never day that they have done what they ought not to have done. If a trader is really good and he or she is making profit from the trade, then this should not be much of a complain to the person at all, and like you have the illustration here, this amount is really so tiny which I wonder how the exchanges really live on this.

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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% ?

of course it is a problem, especially for whales that conduct daily trading by looking for small profits like 3% -5%, and of course this is a big problem because they once traded spending hundreds of thousands of USD.
That is why there is always an exchange that gives a VIP account to whales, so trading fee will be cheaper.

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Yes, the fees matter especially if you're a high frequency trader. It's different for someone who gets in a trade and leaves it about a week. For high frequency traders, you'll be accumulating 0.25% for every day. Think about when you make about 100 trades or more, those tiny 0.25 percentages gets up and will time you'll discover that a significant amount that get sucked up by fees.

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Obviously 0.25% is really a big matter if anyone wants to withdraw big amount of at once. We all know that they have many costs such as managing a site to keep people in the care of the customers, paying extra for the security of the site. If we want to withdraw in Bitcoin, every website takes a huge amount of fee but if we withdraw on altcoin, it can be withdrawn with a small number of fees.

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For me the commission is not so important. All popular exchanges have approximately the same fee.
More significantly is a specific spread on individual pairs, sometimes the difference on the coin buy\sell can reach 10%! Sure you can place a limit order, but if to trade in short such ones will not always be quickly redeemed. I always watch at the coingecko before the trading exotic coins to find the best ratio.
Look at the margin in every trade, buddies.

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Quote from: mersal on October 15, 2019, 12:24:49 PM

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Quote from: mersal on October 15, 2019, 04:49:43 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% ?

Trading fee will not be an issue for a long term trader but for an intraday trader it does because they need to do multiple trades to reach their daily goal but at the end they may paying half of their profits as trading fee if they pick an exchange with high fee.

I agree with you . If you are a long-term investor, you don't need to much attention to transaction fees but everyday traders need this as each of their trades may be affected by this fee. In fact, a lot of exchanges have a 0.1% fee and would be great for those traders. I am personally using Okex and the fee at this exchange is very cheap for all investors.

This is the reason why binance having more traders in very short term because traders get more discounts on trading fee if they got BNB on their wallet.I am okay with paying 0.1% fee but for most its high enough to eat their profits.

Even other competitors for Binance like Bitrex and Bitmax also have the good opportunity to grow like this.
But I am not sure what is their hesitation to build them very stronger this fee matter very simple thing even they come out of that move ahead with the big businesses.

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Quote from: mersal on October 15, 2019, 12:24:49 PM

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Quote from: mersal on October 15, 2019, 04:49:43 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% ?

Trading fee will not be an issue for a long term trader but for an intraday trader it does because they need to do multiple trades to reach their daily goal but at the end they may paying half of their profits as trading fee if they pick an exchange with high fee.

I agree with you . If you are a long-term investor, you don't need to much attention to transaction fees but everyday traders need this as each of their trades may be affected by this fee. In fact, a lot of exchanges have a 0.1% fee and would be great for those traders. I am personally using Okex and the fee at this exchange is very cheap for all investors.

This is the reason why binance having more traders in very short term because traders get more discounts on trading fee if they got BNB on their wallet.I am okay with paying 0.1% fee but for most its high enough to eat their profits.

Trading fees really matter since the entire trading purpose is to get profit. You should know not every time people are gaining 2% profit. sometimes people are losing money while trading in the market. thus, people prefer exchanges with less trading fees compared to the expensive ones.

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Quote from: mersal on October 15, 2019, 04:49:43 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% ?

Trading fee will not be an issue for a long term trader but for an intraday trader it does because they need to do multiple trades to reach their daily goal but at the end they may paying half of their profits as trading fee if they pick an exchange with high fee.

I agree with you . If you are a long-term investor, you don't need to much attention to transaction fees but everyday traders need this as each of their trades may be affected by this fee. In fact, a lot of exchanges have a 0.1% fee and would be great for those traders. I am personally using Okex and the fee at this exchange is very cheap for all investors.

This is the reason why binance having more traders in very short term because traders get more discounts on trading fee if they got BNB on their wallet.I am okay with paying 0.1% fee but for most its high enough to eat their profits.

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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% ?

Trading fee will not be an issue for a long term trader but for an intraday trader it does because they need to do multiple trades to reach their daily goal but at the end they may paying half of their profits as trading fee if they pick an exchange with high 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% ?

Yes it matters a lot. A whale with 100 btc per trade (0.25% fees) means it incurs 0.5 btc after his buy and sell transactions. 0.5 btc is already very big. Many scalpers are making 3 to 10 positions daily with 1% to 3% as their targets. If you have 5 positions or 10 trades daily then that 0.5 btc fee will be totaled to 10 btc at the end of the day. And there is no assurance that you are winning on that 5 positions.

I myself used to trade a lot before. Normally with a $10,000 per position. A 2% gain and I am already happy to close it. 2% gain means $200 and if the fee is 0.25% per trade then that will be $50. So my profit is only $150 which is still good but that $50 is too material (that is 25% of my gain) for me too.

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Quote from: jaocoincrypto18 on October 14, 2019, 01:05:12 AM

Exchanges continue to operate because of the service fees in which this is the reason of why they exist. Good thing is that there are many exchanges that existed in the crypto market in which we could enjoy their competition of which of them has the cheaper fees with quality services.

Answer appears to be that those fees do matter but only for exchanges or rather their owners.
For me it was never all that important. Usually it's a tiny amount, insignificant for one person. Scale of trades are where exchanges make their buck. As long as they are not greedy, I'm perfectly fine paying some operation costs.
I'm more often worried about payout fees, this is where things can easily go fraudulent or in a way, dupery.

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Quote from: ReiMomo on October 15, 2019, 01:13:40 AM

Just my opinion, even that is a tiny bitcoin amount that still worth it. In my place, I can buy e-load from networks provider and subscribes in the amount of $1 dollar so I think still that is quite good. Trading fees really matter on me because even if it's only a small amount but if you keep on trading I think it will become big. You might not feel it instantly but if you will be going to compute your total fees for the whole you can say that it's a really huge amount of money.

That's what I call greed, when people start talking about FIAT. Sometimes we are not willing to give small amount of money, even though we get even 40 times bigger than it.

A single simple tip for this : make big profit only!

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Quote from: rijaljun on October 15, 2019, 01:05:01 AM

Quote from: Rufsilf on October 15, 2019, 12:37:05 AM

Quote from: rijaljun on October 15, 2019, 12:29:59 AM

The percentage actually doesnt matter, but if we talk about dollar and trading with big money, some people wont' be willing to give $100 dollar as a fee no matter how big their profit is.

It's all just about greed.

I don't think if we call it greed. Profit is what we meant for and that is why we're doing trading. Seeking for a low-cost fees is what we look for cause it really affect into our ends. Even thought it is just $1 fees, it is still big for small traders, unlike if you are already a big fish but I know it still be matter for them when the market turns into difficult.

If the trading fee is 0.25% then $1 is a fee for 400 USD trade
If you are the one who traded it and you made like 10% profit out of it, then $1 is not a big deal comparing to your profit.

Still thinking that $1 is big?

Just my opinion, even that is a tiny bitcoin amount that still worth it. In my place, I can buy e-load from networks provider and subscribes in the amount of $1 dollar so I think still that is quite good. Trading fees really matter on me because even if it's only a small amount but if you keep on trading I think it will become big. You might not feel it instantly but if you will be going to compute your total fees for the whole you can say that it's a really huge amount of money.

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