Topic: How to minimise the trading fee? - page 3. (Read 675 times)
The situation decides the trading fees so in this type of situation it will not been very much I am so exchange fees will be convenient for me to stay in this field for good trading.
The trading fee of mayor popular exchange just about 0.1-0.2% per trade so iam not really care about it because with high volatility of crypto market we can make profit minimum 10% pertrade even more than 50% for each trade in bull market. Some exchange provide diskon for trading fee if we trade by higher daily trading volume, this exchange like Poloniex and Gate.io.
I would advise you not to get too comfortable with the words "regulated crypto exchange" . When you keep all your funds on the exchanges and they get, hacked or stolen, you probably won't get it back or it will take you too long to get it back.
Regulated exchange indeed.
I think that first of all you need to consider such trading platforms that have their own tokens that can be used to pay for the commission of trade, as well as simultaneously receive a certain percentage of discounts. As an example, you can give binance and idex. Regulated exchange indeed.
I would advise you not to get too comfortable with the words "regulated crypto exchange" . When you keep all your funds on the exchanges and they get, hacked or stolen, you probably won't get it back or it will take you too long to get it back.
Regulated exchange indeed.
Regulated exchange indeed.
Actually I did not care about trading fee till today. But sometimes I think about withdrawal fees.Though I did not know which exchange is regulated with your country, So as a trader I suggest you to use binance which is known by every trader. The binance coin (BNB) is using for trading fees in this exchange. You can convert your extra coin (which is not withdrawable/ is not enough for minimum withdrawal balance) BNB. And the BNB coin will be cut as trading fee in binance exchange if you on the option from setting. Thanks
Definitely, Binance exchange has a good reputation and most reliable exchange as well. But not all altcoins was there on Binance that's why other people looking/switching into the new platform which trader like coins was there. I also don't mind on trading fees, the thing that we must worry that hopping your coin was listed on Binance. 
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Trading fees is solely dependent on the exchanges and I am not sure it would be possible to minimize trading fees unless you are not ready to place a lot of trade for profit, this means you have to check the market so well for a coin that would give you a lot of profit and buy into those coin and then pull out from the market after making profit.Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Exchange trading fees are fixed based in the exchange you are trading on and there is no way to minimize it until you are ready to minimize your trade orders.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Actually I did not care about trading fee till today. But sometimes I think about withdrawal fees.Though I did not know which exchange is regulated with your country, So as a trader I suggest you to use binance which is known by every trader. The binance coin (BNB) is using for trading fees in this exchange. You can convert your extra coin (which is not withdrawable/ is not enough for minimum withdrawal balance) BNB. And the BNB coin will be cut as trading fee in binance exchange if you on the option from setting. Thanks
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
There is nothing you can do specifically for this, but you can find out about the services that offer the possibility of processing with the lowest transaction fee by doing research. Especially since every market service creates its own token, you can earn various discounts when you use these tokens in many services. Using a number of advantages, you can make transactions with more appropriate commissions and spend less on services. I think there is no other method except this method and I don't want to go through it again. You cannot reduce these commissions with your own efforts or with your own methods.
Actually each trading site has a different amount of fees but it would be difficult if you want try all of that site and will make account just to determine the fees behind and it would be uncertain if you just rely on others opinion . If i were you try to make a research sometimes to obtain specific information. Indeed there are more source now all over the internet so it woulf be better to be specific. .
Yes, you're right. I don't think there is a way for anyone reduce or avoid those fees. Best thing for them is to check out different exchanges and know which one has a lesser trading fees. All exchanges charge fees for trading, so you just need to find one with lesser fees and go for that. Binance will be a good option, they charge a little fees. Though its possible there might be other exchanges with cheaper fees.Still, I believe there are "other" ways you can minimize the fees in exchanges. You can avoid paying withdrawal fees if you're making use of coinbase. You do this by withdrawing to GDAX and from GDAX you can send the money to other exchanges. Doing this takes more process, but the good thing is that yours not going to pay any fees for the withdrawal, cause every withdrawal you make from Coinbase to GRAD is free and GDAX to other exchanges is free.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Are you sure you want to find a cheap fee? I suggest not to get too fixated with cheap fees, you should think of quality, look for an exhcange that has a good level of quality, it will have no meaning when it is cheap, but the quality of the exchange is not good. Believe that when you feel comfortable in an exchange you will be able to successfully make exchanges.Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Quality matter too, I am not disputing that fact but cost of trading also very important thing to consider. Trading with lower fee will make the trader make more profit.
Trading fee each exchange just around 0.075% - 0.25% pertrade, in my personal, i dont see the trading fee but the more important thing is the high trading volume of the exchange so i can get very low spread. And also i prefer to use exchange that provide stop loss feature to minimize the risk from wrong trade. One of the exchange with good regulation is Liquid.
indeed some trade has an average cost of that much but it can be reduced when you use utility tokens such as those in the exchange, when you reach the trading target in one month and you have a binance coin then the cost you spend can reach 0.0150% 0.0300 % for maker and taker, of course you must have a bitcoin trading volume within 1 month 00150000 BTC and have a binance coin (BNB) ≥11000 BNB.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
For now, I think the best exchange I can recommend to you is Binance which if you research yourself, you will realized that they are still the biggest for now and still the most effective exchange you can trust with your fund, although as many people and experts will advise, never leave your investment on an exchange except you wish to trade with them but for holding, always make use of a hard wallet for your savings.Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
There are so many things you can really benefit from their platform, such as very low trading fee which is still the lowest for now and investing in the right project through their Launchpad.
Trading fee each exchange just around 0.075% - 0.25% pertrade, in my personal, i dont see the trading fee but the more important thing is the high trading volume of the exchange so i can get very low spread. And also i prefer to use exchange that provide stop loss feature to minimize the risk from wrong trade. One of the exchange with good regulation is Liquid.
indeed some trade has an average cost of that much but it can be reduced when you use utility tokens such as those in the exchange, when you reach the trading target in one month and you have a binance coin then the cost you spend can reach 0.0150% 0.0300 % for maker and taker, of course you must have a bitcoin trading volume within 1 month 00150000 BTC and have a binance coin (BNB) ≥11000 BNB. 
I don't know how you can call this legal because it is definitely against their ToS but if you have a friend or so that can become your affiliate or you become theirs that way you can trade on binance and you will be able to trade with low fee if you use binance coin as well.
It means if you use BNB + affiliate that comes down the cheapest trading I can name without really going to the shady looking exchanges, they are really good and the fee levels are really competitive that way. I think the problem is not the trading fee because it is quite cheap anyway, unless you are trading millions everyday you wouldn't feel it. The trouble begins during withdrawal because they charge so much useless coin for withdrawal, with proper lightning network usage they could charge ten times less than what they are charging now.
It means if you use BNB + affiliate that comes down the cheapest trading I can name without really going to the shady looking exchanges, they are really good and the fee levels are really competitive that way. I think the problem is not the trading fee because it is quite cheap anyway, unless you are trading millions everyday you wouldn't feel it. The trouble begins during withdrawal because they charge so much useless coin for withdrawal, with proper lightning network usage they could charge ten times less than what they are charging now.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
I'm not familiar with the regulations in your country, so when you are trading, you are abiding with that regulation.
You can do your own research, for sure if you are a trader you are capable of finding a good exchange.
Exchanges that are listed https://coinmarketcap.com/rankings/exchanges/ are the exchanges I can recommend, just pick the most liquid as they are more reputable. Trading fees are competitive in exchange and it's normally just a small percentage.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Are you sure you want to find a cheap fee? I suggest not to get too fixated with cheap fees, you should think of quality, look for an exhcange that has a good level of quality, it will have no meaning when it is cheap, but the quality of the exchange is not good. Believe that when you feel comfortable in an exchange you will be able to successfully make exchanges. Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Trading fee each exchange just around 0.075% - 0.25% pertrade, in my personal, i dont see the trading fee but the more important thing is the high trading volume of the exchange so i can get very low spread. And also i prefer to use exchange that provide stop loss feature to minimize the risk from wrong trade. One of the exchange with good regulation is Liquid.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
You can minimize the fees by trading big and of course you have to look for a better exchange on your place or even outside in Australi. Binance has a lower fees and a good exchange, your coin will be safe there but still no guaranteed. You can also buy coins to someone you know without paying any fees, but if you’re an active trader i think you must know how to deal with the fees. Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
I wonder what you mean when you said "you want your currency to be safe". Remember that when you put your money in an exchange consider that you are already at risk of loosing it, regardless of what trading platform it is. So far Binance for me has the lowest trading fee, just make sure that when you pay, trading fees, pay using BNB. Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.
If you have problems with high fees for transactions on you exchange platform, you can try making transactions on some P2P exchanges like localbitcoins.
Jump to: