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Topic: Does trading fees really matter ? - page 7. (Read 1092 times)

hero member
Activity: 3052
Merit: 651
October 12, 2019, 05:22:12 AM
#46
In the long run it will matter.

.25 percent multiplied 8 times will be 2% again which is what you make.
Although it does matter it is inevitable because they need to make money also for the exchange to continue.
Legal matters being paid and a lot more documentation and taxes.

You are making money and so they are.
sr. member
Activity: 742
Merit: 397
October 12, 2019, 03:41:18 AM
#45
Trading fees doesn't really bother me when I am trading because I know that it is normal and all of the exchanges charge that fee. Exchanges earn and maintain their website through the power of trading fees and without trading fees then they will not have any fund to produce more projects for their exchanges to become better and more secured.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
October 12, 2019, 04:00:43 AM
#45
Of course, It means a lot, It's a simple thing that you must pay the fee while you are trading and making a profit, We usually pay fee or service charge when you go to bank and any other financial company, it's a mandatory fee should be given, otherwise how and why the trading sites could run or maintain their system, it's mentionable that we don't see a lot of traders always make the large profit so without providing fees how could they survive? it's kind of commission of an agent, they offer you a good platform for trading and you give them a minimum amount of fee which is really a matter. But it matters when the broker or agent claims more than .25%. Though Exchanges can profit trading opportunities without fees as they make huge amounts of profit from withdrawals. Maybe We will see less trading fees when there will be more competition between exchanges.
member
Activity: 784
Merit: 10
https://streamies.io/
October 12, 2019, 02:36:59 AM
#44
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% ?
0.25% is a really big number for lots of money transactions. For example, if you buy a token with 2 Bitcoin, with a fee of 0.25%, it will be $ 41.
Such a transaction is too expensive compared to other exchanges. We should consider exchanges that have a high fee. But better yet, we should go to the newly opened exchanges. Transaction fee will be very cheap and about 0.1% on a transaction. eg: bcnex, beaxy, exmarket.
sr. member
Activity: 1344
Merit: 288
October 12, 2019, 01:26:45 AM
#43
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% ?
As for me it doesn't really matter due to the fact that when you compare what you are earning from the exchange it's just a little to what you've been earning,  0.25% ain't much, for those who think it's much,  perhaps maybe they are not really making profit from almost all their trades
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
October 12, 2019, 01:17:18 AM
#42
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 earning only then trading fees will not matter at all but once you are trading there is no guarantee that you will be earning only, there will be times that you will loss also and because of it trading fees will really matter.

Every single dollar that you can save, it will be added to your profit therefore many are looking for an exchange that offers a lower trading fees compare to others.
hero member
Activity: 1582
Merit: 523
October 12, 2019, 12:58:58 AM
#41
Indeed, every exchange applies the rules regarding trading fees, it is one of their ways to make a profit from traders.
And every exchange has a different trading fee, so we must be observant in choosing exchanges for trading.
For me about trading fees is really matter, because it can affect to my profit, for example trading fees of 0.25% is quite large.
Especially if we have a large capital will feel burden some due to a trading fee of 0.25%, because of me doing daily trading is
more pronounced with this trading fee problem. So I chose exchanges with  trading fee low.

It really does matter in my point of view, for those who have a small capital when doing a day trading. The same I always choose the exchange costing lower fee since when I do trading my capital is just enough. Actually, if you can afford the fees why not go for it? As long you are earning from your coins and your doing good leverage in your day to day trading.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
October 11, 2019, 11:33:20 PM
#40
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% ?

No, that is no problem for me. At least, I could still have 1,75% for the profit and I think that is okay even if I can make another profit. If the trading fee becomes bigger, I don't mind too because of my profit is still bigger to me. We don't have to bother with the trading fee because as long as we can make a profit, the fees will not be a problem. So make sure you know when you should sell any coins and make sure you can get the profit so that it will cover your fees.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
October 11, 2019, 10:11:16 PM
#39
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 a huge difference for the exchange.
Like a business where you sell something, there must be profit.
There are a lot of traders out there and if they all keep on trading then how much do you think the exchange is making?

I hope I answered you right because that is what I understood with your question.
0.25 is a lot when used regularly.
Same thing when you are dropping 25 cents in a piggy bank everyday for like 1000 times.
member
Activity: 476
Merit: 12
October 11, 2019, 09:24:44 PM
#38
Yes it is always matter from every traders because all we know that we are in the business industry. If we have less trading fee it is better but if not we need to make our every transactions worth it. 0.25 is small amount but if you have many transaction I think they should give some consideration or even rebates to make it fair to traders.
member
Activity: 476
Merit: 12
October 11, 2019, 09:24:24 PM
#37
Yes it is always matter from every traders because all we know that we are in the business industry. If we have less trading fee it is better but if not we need to make our every transactions worth it. 0.25 is small amount but if you have many transaction I think they should give some consideration or even rebates to make it fair to traders.
sr. member
Activity: 1876
Merit: 318
October 11, 2019, 09:17:04 PM
#36
Indeed, every exchange applies the rules regarding trading fees, it is one of their ways to make a profit from traders.
And every exchange has a different trading fee, so we must be observant in choosing exchanges for trading.
For me about trading fees is really matter, because it can affect to my profit, for example trading fees of 0.25% is quite large.
Especially if we have a large capital will feel burden some due to a trading fee of 0.25%, because of me doing daily trading is
more pronounced with this trading fee problem. So I chose exchanges with  trading fee low.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
October 11, 2019, 09:06:17 PM
#35
Well if you are trading often and just getting a small profit from your trade and if you accumulate the fees it would be a decent amount. However,  some traders are not bothered by the and they don't care much about it. I seldom trade since I have lesser time in crypto compared a year ago due to my full time job. Traders also consider fees when choosing a platform, some opt to choose trading platforms who offer their own coins to lessen the fee which I think is economical if you ar an active trader.
hero member
Activity: 1274
Merit: 500
October 11, 2019, 08:24:25 PM
#34
0.25% is significantly higher than the market average. Such a commission is charged by the Huobi exchange from each order.
I consider it a robbery. Binance Exchange has much lower commissions, 0.075% if I'm not mistaken, provided that part of the commission will be paid by the BNB token.
As far as I know, exchanges like Binance, Okex, Huobi, Bibox can all use exchange coins to reduce transaction fees and that is a new trend for all other exchanges. Bibox is currently the cheapest exchange in this market because the 0.05% fee is really very cheap and you can choose to invest without worrying too much. For some large investors, 0.25% is really very high and just a few trading orders will make you lose a lot of money.

I personally never take part in exchanges with large transaction fees because sometimes it will affect daily profits.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
October 11, 2019, 06:50:36 PM
#33
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 it is already automatically taken from people, i think we can't do anything about it. About 0.25% from profit, honestly it is really important, so people should know how much they earn and get or maybe just follow what exchange's rules.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
October 11, 2019, 06:33:49 PM
#32
yes of course the cost of trading is very important because with the cost of trading the market can provide very high security and have capital money for other developments, and the place of exchange is the most important is the safety factor.
That is the reason why every company has fees for its services, and so far I have not made too much calculations about the fees required and indeed, sometimes I only complain in my heart when fees are greater than usual when withdrawing but once again, I will not be too concerned about it if it is still a reasonable stage when all transactions can work well.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
October 11, 2019, 06:15:14 PM
#31
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 don’t focus much on the fees of trading especially on a good exchange since my profit will be higher than the fees though it hurts to see the fees during your withdrawal, maybe its better if they can lower the fees of withdrawal. It will only matter if you are losing money but if you earn more, then the fees is just too small for you.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
October 11, 2019, 06:04:34 PM
#30
0.25% is significantly higher than the market average. Such a commission is charged by the Huobi exchange from each order.
I consider it a robbery. Binance Exchange has much lower commissions, 0.075% if I'm not mistaken, provided that part of the commission will be paid by the BNB token.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
October 11, 2019, 05:55:59 PM
#29
yes of course the cost of trading is very important because with the cost of trading the market can provide very high security and have capital money for other developments, and the place of exchange is the most important is the safety factor.
legendary
Activity: 2674
Merit: 1048
October 11, 2019, 05:15:30 PM
#28
That depends on personal perspective. For some traders with bigger volume it isn't so important but for those with smaller capital it is. Fees are something that you should always calculate in he summary. I guess even worse are withdrawal fees but like I said, these are inevitable facts that you should always have in your mind. But if you are so dependant on fees maybe trading isn't for you.
No I think ... the bigger volume you have the bigger fee you'll see and that's the beginning it's really matter. As when you trade in small volume you won't care it charges you like $0.025 or so , it's just a dust ...

But people start wondering when there's $250 cut off from your original purchase ... and then they rethink that the fee should be lowered as low as $100 or $50 at least!

Greedy? No it's just being mathematical and realistic to save some ! Human nature.
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