Topic: Does trading fees really matter ? - page 8. (Read 1092 times)
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.
Binance charges 0.25% right?
nope, they charge 0.1%. if you use BNB to pay fees, it gets further discounted to 0.075%. https://www.binance.com/en/fee/schedule
How much does these exchanges charge?
1. Coinbase
2. Coinbase pro
3. Gemini
4. Bitstamp
5. Kucoin
1. Coinbase
2. Coinbase pro
3. Gemini
4. Bitstamp
5. Kucoin
coinbase: https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures
coinbase pro: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees
gemini: https://gemini.com/web-fee-schedule/#web-fee-schedule
gemini activetrader: https://gemini.com/activetrader-fee-schedule/#activetrader-fee-schedule
bitstamp: https://www.bitstamp.net/fee-schedule/
kucoin: https://www.kucoin.com/news/en-fee
It does matter specially the ones with less capital like me. Trading fee matters which is BNB created its native token for traders to have less fees, everybody grab a bag of it for its use. All the more with the withdrawal fees, if I have to pay 0.001BTC for the withdrawal of BTC I look for solution to that. I can see people would just trade their BTC with XRP to go out of the exchange.
Binance charges 0.25% right?
How much does these exchanges charge?
1. Coinbase
2. Coinbase pro
3. Gemini
4. Bitstamp
5. Kucoin
How much does these exchanges charge?
1. Coinbase
2. Coinbase pro
3. Gemini
4. Bitstamp
5. Kucoin
Fees on crypto exchanges never bothered me at all, because I'm accustomed to stock brokerage fees that are far higher. If you want to buy $100 worth of stock, for example, you're lucky if you can pay a fee of $8 for the trade. That's 8%! So compared to that, a fee of 0.25% is extremely low. And yes, there's also a good chance you can make 2% or more on your crypto investment if you know what you're doing.
There was an outcry here when Coinbase upped their fees, and I just scratched my head. Why? Because they were still more than reasonable, plus exchanges like Gemini had fee scales that are much higher. I think traders ought to be grateful that the exchanges aren't raping their customers.
There was an outcry here when Coinbase upped their fees, and I just scratched my head. Why? Because they were still more than reasonable, plus exchanges like Gemini had fee scales that are much higher. I think traders ought to be grateful that the exchanges aren't raping their customers.
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 have done a lot of system testing and believe me the fees you pay can be the difference between having a profitable system and an unprofitable one, and this is even more true if you are a day trader that is getting in and out of the market constantly, so if you have the option of selecting between two good exchanges and one of them has a slightly cheaper fee always go with the exchange that charges less fees because over the long run your profits will increase dramatically. 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% ?
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 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 depends on how tight the profits are on the trade. At 2%, 0.25% is actually quite a lot. Anything you can do to save money on trades will increase your profits over the long run. Thing of it as buying something from the store. Let's say Kroger has a gallon of milk for $4.50 and Wal-Mart has it for $4.25. Would you not prefer to buy the milk from Wal-Mart and save the extra $.25? It's the same concept. Doesn't really matter how much profit you're making on the trade, you could be making more if you didn't pay as much in fees.
I agree, profits would still be profits and even if the trading fee increase a little, it would still be a pain in the ass in Trading because it would be deducted on the profits that you could make, the worst part is if you are not making any profits on your Trade, but the trading fee is still there, and having many exchanges in this world is an advantage if we are after those exchanger that have lower Trading fee than others.
Trading fee are means by which exchanges make their money. exchanges depends on trading fee to run their business. it matters because it promote business growth and also trading availability. this fee might affect traders of low volume. people that trade very little on the exchange might be affected because the profit made from sales is little.
there are some special strategies that some people use which require very high frequency trades and in a very small price space, you could find it in bots that are being sold! although i believe this strategy a terrible one but it is being used by many, in this strategy having a fee like 0.25% is going to eat up into their profit and they have to widen their price range which makes the strategy harder to perform successfully so they want a lower fee.
i can't think of any other reason for wanting lower fee except just a competitive one.
i can't think of any other reason for wanting lower fee except just a competitive one.
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 know how a certain exchange could think about the good of the trader's side, it actually big enough just for trading fees, it supposedly must be free as what the other exchanges do and only they consider fees during withdrawal. 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 consider this exchange if they tried to collect that, maybe 0.1% is fair for the traders but 0.25% is actually eating our profit.
Trading fees are very important to look by, cause we did not just do the trading for fees but to make money.
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 know how a certain exchange could think about the good of the trader's side, it actually big enough just for trading fees, it supposedly must be free as what the other exchanges do and only they consider fees during withdrawal. 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 consider this exchange if they tried to collect that, maybe 0.1% is fair for the traders but 0.25% is actually eating our profit.
Trading fees are very important to look by, cause we did not just do the trading for fees but to make money.
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 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 does matter! Usually traders don't always make huge profit. So for such trades where profits percentage is minuscule, trading fee matters to maintain trading profitability! It applies to real world stock market as well especially in my country where the competition is really high! I have seen broking houses offering as low as 0.1% fees for both day and delivery trade!
Same thing also applies for gambling platform. People always look for gambling websites with lowest house edge! Fees is indeed one of the most important deciding factor for many traders/players!
Of course, trading fees really matter.The lower the fees, the better. Though, these fees goes to site maintenance and staffs salary and other expenses traders also wants to maximize their profit. Mostly, exchanges charge less than 1% per successful trades.
Fees by exchange : https://medium.com/cointracker/2019-cryptocurrency-exchange-fee-survey-49db9b38cb5b
It matters big time, the amount it can accumulate in a trade we will do in a month might be equals to our capital or half of earnings, depending on how much we trade and how many times we trade. Any percentage when used oftenly will result to a big amount. But that's how it goes fees are needed to complete the transaction and to keep the exchange operating. We just hope they provide better service and support everytime so the fees will be worth it.
Yes it does matter for me and everytime you trade the fee will cutted from your funds automatically and in a month those fees will pretty high because it accumulated so you can counted how much money to spend for the fee itself moreover not all of traders have huge amount of money as their capital to trading and the fee will kill the profit from low budget traders
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 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 does matter especially for those who trade regularly. They are paying fees regularly so every inch counts.
If you are a casual trader, you won't notice these fees.
And 2% of earnings might be an easy thing to achieved for others but always remember there are times that the wind is not always heading to the way we want.
After several exchanges close, such as coinexchange, fees must be an important part so that the exchange can continue.
But traders prefer low fees in their exchanges, the same as mine. 0.1% of the trade costs are very rational to me.
But traders prefer low fees in their exchanges, the same as mine. 0.1% of the trade costs are very rational to me.
Fees also matter a lot if your trading strategy involves trading with relatively high frequency (day trading or scalping). Fees pile up very quickly over time, even if you're not trading high volumes, especially if you're trading using leverage.
Some sites also offer zero fees for maker trades (orders that sit on the orderbook and are filled) or even maker rebates on leveraged sites such as Bitmex or Deribit. This varies by exchange, but you'll generally save money by using limit orders instead of market orders.
Some sites also offer zero fees for maker trades (orders that sit on the orderbook and are filled) or even maker rebates on leveraged sites such as Bitmex or Deribit. This varies by exchange, but you'll generally save money by using limit orders instead of market orders.
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 does of course specially if you're trading huge amount of value or you're trading serveral times per day. As much as possible, choose the best trading site which has the best service and has low trading fee at the same time. On the other hand if no other exchanges can satisfy the way they are able to satisfy you, then you should stay and never mind the trading fee and make your trade more profitable as much as possible. 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.
if u trading with 10btc funds, of course that a huge profit for exchanges.
that why big exchange such binance have a discount for trading fee, because mostly users using bots for trading, and u know exactly how bots works.
and, 0.25% trading fee its a big fees category.
if u trading with 10btc funds, of course that a huge profit for exchanges.
that why big exchange such binance have a discount for trading fee, because mostly users using bots for trading, and u know exactly how bots works.
and, 0.25% trading fee its a big fees category.
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% ?
Given lets say your profit is 2%, that means that 0.25% eats up to 12% of your profit. If you think about it that way, thats quite a large amount of your profit taken away. Although, if you're not trading thousands of dollars and are just beginning to trade, i wouldn't worry about it.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% ?
The trading fees are felt by those with huge volumes mostly.
And if the volume is the same as the profit, then you'll have 0.25% * 2% = 0.005% of your volume.
If your trading volume is NBTC then you have to have a profit of at least N * 0.25% BTC to ensure that you break even or profit.
That is, a trading volume of 10BTC (not very high) requires a profit of at least 0.025BTC.
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