Topic: Is Trading Costing Us More Than We Think? - page 5. (Read 1051 times)

Unless you are using an exchange or a platform that has a huge fee attached to their transaction activities or you are losing so much than the profit you are making, else I don't think fee is that much of a problem in the some of the DEX that I have used and the one am currently using.

At least I do trade consistently this period and I almost do not even use to notice how much fee I was charged unless I pay close attention to it and the reason why I don't notice it if I don't pay attention to it is because the fee is small. 

Unless you are using a wrong exchange, else, the exchange I use doesn't charge even up to 1% fee.

You are focusing on the wrong thing. These platforms need to make money too to stay in business; the harsh economy is not only affecting individuals but also these companies; they need the fees, else they will collapse.

Focus more on increasing the profit you make, so you don't have to worry about the fees these platforms are getting.

I think on Binance there are quite a lot of programs that offer discounted trading fees and we can even get trading fee vouchers within certain limits. As long as we can fulfill the conditions requested by the platform. And if you want trading costs to be lower on Binance then we can buy BNB and store it on the platform and usually trading costs will be deducted from the BNB that we have and usually it is cheaper than being deducted from the USD that we have.

Even in Futures trading, campaigns are sometimes held that allow us to get free trading fees.

But to ensure that we always get low trading fees, I think it will be difficult to obtain on any platform. Because all bonuses and vouchers or any campaigns are usually only temporary. That's why I don't trade often. And only buy and hold and sell after the profit is large enough. So this will make my trading costs not so much.

Never thought about that, sounds like a great initiative.
I mainly do stuff on OKX due to how robust Binance can be sometimes, but I will keep that fact in mind.
Much appreciated!
Though I don't pay this much attention to the fees, it's great to know there are ways out of that too.

Could you share the exchange for us to see the one you are talking about? Because I no that there exchanges that has some certain fees they cut from everyone who trade or convert there coin but I no that the fees is not much to make someone talk about it, so I wonder how much that was deducted from your account to have made you feel this way, however I don't think there is any tool that would prevent someone from paying a fee unless if they were privileged to participate on some there programs that involves free from any fees. Secondly about getting a reward there is no way an exchange will be paying everyone for trading because they are not a charity platform.

Thats how business works and if you are someone who do make out that active scalping kind of trading like having those buy and sells then you will be able to realize on how big those fees are really that being deducted.
You wont really be able to notice it out on the verge or moment that you do trading because the main thing that be on your mind on this particular time is that you had made out some serious profits and wont be caring about those deducations on every closed position that you had made, not until into the time that you had checked out the total on the moment that you do try to peek those things.

We do know that exchange does have that VIP levels with having that corresponding fee tiers.
Ex.



Source: https://www.okx.com/fees

We do admit that these are indeed big values and for us small time traders then fees would hurt us up much.
This is why i do prefer on having swing trades rather than on dealing up with scalping.

I think what you need to focus on mastering is your trading skills if you want to succeed. There are plenty of successful day traders out there, and they don’t complain about trading fees , that’s just normal since exchanges also need to make a profit. If you’re looking for promos, you might get some discounts, but it’ll limit your trading activities because you’ll end up timing everything, like a gambler chasing bonuses, if you know what I mean.

So don’t stress about it. The fees are very cheap, less than 1%, and it’s not really a big deal since, during a bullish market, prices can sometimes increase by 100% to even 1,000%.

I don't have a problem with the fees of trade and so far, I use Binance and still okay for me. I only check when my profit still bigger, I don't minds to pay the fees that may increase within reasonable limits. But if the exchanges suddenly increase their fees, maybe that will be the time for me to search for the other exchanges that have a low fee.

But sometimes exchange gives a discount for the trading fee so that help small trader. Maybe that is just for some events that the exchanges gives while after the events is end, the fees is back to normal. The exchange should not increase their fees if they don't want lose their members but that will depends on the exchanges policy. We can only search for the exchanges that we feels they can give comfortable to us to trade.

I don't use a lot of sites when it comes to trading, I use Binance,.. one thing I could recommend is this.

https://www.bitdegree.org/crypto/tutorials/binance-fees

You'll get discount when using BNB for your trading pairs, that's already big. However, if you really want to enjoy no trading fees, you'll need to find the right timing and wait for promos like zero trading fees although very rate... I think this is also available on other exchanges, just try to explore.

To be honest with you, I've never really given or paid attention to how much this exchanges charge as fees each time I execute a trade, especially when it come to futures trading, my attention have always been more on how to get a very good entry price that kind of gives me some good level of guarantees of coming out with good profit, and this is possibly because I already have this mindset built in me that centralized exchanges operates and survive on fees, it is wit the fees they are able to keep everything working as it should, and as well pay workers and all that, they too need money as much as I need it, so it's their world against mine and as long as it is me who decided to use their platform, I have no choice but to also pay the fees associated with it.

The only solution I can think of right now is decentralized exchanges, but unfortunately, this is also not a viable solution because futures trading on decentralized exchanges is not as smooth as it is with centralized exchanges, and it's not free too, you have to pay a blockchain transaction fee for almost every action you take on the exchange, which if we are to give it a critical look, it's almost better to use centralized exchange, the only benefit with decentralized exchanges is that, you are in custody of your funds.

A while back, I took a hard look at how much I was spending on trading fees. Futures, spot, perpetuals, it didn’t matter. The total hit me like a punch to the gut. For every trade I carefully planned, a chunk of my profit was quietly eaten away. And the more I traded, the worse it got.

Don’t get me wrong, I’ve had my wins. There’s nothing like the thrill of catching a perfect market move. But when I looked closer, I realized the fees were taking a bigger piece of the pie than I’d like to admit. It got me wondering, why don’t more platforms offer something meaningful to offset these costs?

Sure, I’ve heard about discounts and bonuses here and there, but they often feel temporary or hard to access. What if there was a way to consistently cut fees or even get rewarded for trading? Wouldn’t that make the whole game more sustainable, especially for smaller traders like me trying to scale up?

I’ve heard rumors of platforms offering permanent rebates or incentives tied to certain apps, but I haven’t looked too deeply yet. What about you? Have you come across any tools or events that actually help with fees or rewards? I’d love to hear what’s working