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

Usually when we are on board for the trading we have things which can happen suddenly, so mostly peoples never check fees or costs about trades but while they have profit things turn automatically because usually if we have early loses we are learning and things are going favourable for us to have more maturity and understanding of things and success give us pleasure and also all recovery I personally never check cost or fees I try to manage things.

In early days of trading, I was having frustration but as I have experience and I learn from my mistakes now I go through without checking things like these which give me better results and good results usually we have all recoveries while we are in plus and if we are ending in loses then many things calculated.

Decentralized trading and that of centralized aren't different but you'll be using two different types of trading platforms and that's the major difference. I don't want people to do what isn't giving them profits hence if trading is because hard for you, it means you don't know what you're doing and you have to quit for sometime. Use that time that you stopped trading to be learning again because trading without being well taught isn't going to favour you. Your victories will only be temporary and it depends on luck for you to win. Here's what can happen in this situation, you can decide to keep trying and finally you can get lucky but you would have lost some money during this period that you aren't making good trades hence just pausing for a while is best.

You should know better that centralized exchanges are business center, their motive is to make money, so when you see situations like that, you should know why you sign up and accepted their terms and conditions in the first place. Binance exchange for example charge more transactions fees when the  blockchain is busy and they quickly reduce the fee once the network is having low transactions, I haven't see other exchanges practices, they just extort there customers the way they like.

You're even lucky, I remember in 2019 I didn't verify my account on Binance since it was the best exchange back then for my local deposit. I had to settle for Luno where you can do your but and sell directly to your local bank before they later implement their kyc. That exchange was extorting me even when I make deposits, like the exchanges takes a % from you anytime you deposited Bitcoin, I was using them for a while before I finally left them for goo, now they don't even have customers again.

There are lot of things you will experience from trading as a new trader, it will look as if you are not going to make it from decentralized trading, because it's very difficult for you to know the amount of income you are going to receive when you begin trading your coins in the market. Despite trading is not easy to make a huge amount of income as a new trader but don't give up, because the more you have the experience of trading the more you begin to see some challenges that is causing you not to make progress.  Every traders wish to be making income whenever they are trading in the general market but there is no how some traders will not experience losses, because the traders are not trading the same coins in the market.

I agree with you on this 100% because it's an experience I have had as a trader, there were weeks I made losses after a quite number of trades and then just one won trade on the next day get to cover all the number of lost trades made. Making profits from trading is in different dimensions but many traders thinks that it's when your number of won trade exceeds your number of loss trades that's when you're making progress but it ain't so.  Been able to take advantage of one single trade by making huge profits from it is what makes the difference.

An insightful reader can't get you wrong, you've already stated the view of winning and losing in the first paragraph and I am happy to tell you that you are getting closer to success if you can rather be patient and work more on your discipline and money/risk management. However, the excuse for the fees is baseless, I trade daily, even with traditional brokers despite their insane spreads, trading commissions and swaps that look like extortion. But exchanges are contrarily offering ridiculously low fees, except you use a high leverage.

If you pay attention to your quote you will see "by holding a specific amount of BNB" that specific amount might not be amount that upcoming traders can easily hold because it'll probably worth a reasonable amount.

The reality is that most promos offer by this exchanges are meant to favour bigger traders who trade with larger amounts. The criteria attached to unlock some of the promo benefits are way too much to meet by people like Op that complain about the cent trading fees. Unless one is advocating for free trading which is not possible, the trading fee is too meager to be noticed unless you are using a very smaller amount to trade. We have to understand that exchanges are business organisations and they are after profits.

Not really paying attention to trading fees because in my opinion if it's already profitable it means profit, so I don't want to be bothered with things like that, what's actually annoying is when I see high withdrawal fees because it's clear that this reduces the profit obtained, sometimes exchanges set unreasonable withdrawal fees, like the local exchange that I usually use applies 20k satoshi for BTC withdrawal fees, they should start adjusting with the current BTC price because only whales can accept withdrawal fees that big.

Yeah, if you make 10 trades, lose 8 of them and win 2 of them, the 8 losses could be 800 dollars, whereas 2 wins could be 1500 dollars, suddenly you are in a profit. That's the most important part and we could consider that winning big when you win, or overall making a profit is more important than having just how many wins you have.

As long as we have something like this, then we could consider this to be the most important part and if we do that then we are going to end up with a much better approach to this, don't really consider this to be that much of a big deal, how many we win is not the issue and that's the deal, we need to just check how to make money from amount of profit and not amount of trades that are in profit at all.

One thing about trading is the ability for us to leverage trades so that when we are making loses, it will be less compared to the winnings we are getting. You can have 5 times loses and 2 wins and the winnings are 10X bigger than all the losses. This is how trading supposed to reflex so that we don't get too exhausted about trading.  There are still traders that do think how often you do get winning trades is what determines your success as traders. Things do not work in this proportion. It is better we have much loses and few winnings but the amounts involved is bigger than our entire loses. Many traders are very wise and go trades that have high winning ratio compared to the loses.

Maybe we can just assume that he is among those budget traders? Because if not, then a fee will only be nothing for him no matter how much is it. I mean it is also impossible for us to have a hundred dollar or a thousand dollar of fees right? And we are talking about trading here where a lot of coins can also get involved and some cryptos has a cheaper fee than in Bitcoin. Even BTC fees can also subside as long as we will only wait for the storm or the demand/traffic to calm down.

Yeah, it's one of those cheap coins that I'm talking about earlier and we can even save more fees if we are using it inside its own team's exchange which was Binance. For other exchanges, they also have their own tokens and we might also get the same deal if we use them there.

The fees are all similar with only a few being different, I have looked at most exchange charges and the new ones aren't making theirs any cheaper but almost similar to those of already existing exchange. What newer exchange work on is their marketing through partnership because they believe that when they do their marketing right, that they'll be able to get their own customers and too, steal from their counterparts. Having zero withdrawal charges are some other ways they use to bring customers to their own exchanges. More traders are getting recruited on some of the popular exchanges and leaving no room for the newly launched ones. The reputation of an exchange is always important before anything else so we don't get scammed trying to look for a cheaper exchange to trade on.

Reputation is a factor that should be prioritized over any other factor to ensure our safety, but their reputation will not bring us absolute safety. Before its collapse, Mt.gox was the largest exchange at the time while FTX was the 3rd exchange on the chart and considered Binance's biggest competitor. But both collapsed, causing severe damage to investors and markets. So, it's not wrong to prioritize reputation when choosing an exchange, but don't be subjective because it doesn't guarantee anything .

Centralized exchanges are not trustworthy but the problem is that for traders we have almost no other choice, only centralized exchanges provide trading services.

Fees are important because from a little experience, they are different from one trading platform to another. As a trader just on the exchange, your goal is to make the most profit and minimize any loss that can be avoided. The knowledge of different trading fees on each of the platforms will decide whether to move there or remain where you are.

Do you know how these maker and taker fees on these cryptocurrency trading platforms are calculated? My observation is that whenever I don't use any leverage and I try to trade $100 in futures market, the fee I get charged is above $50 which is high.

It is really related to psychology and if not handled properly it will actually give birth to extraordinary panic and can be even more biased.
Trading must be carried out if someone is ready to face the risk because even though we have knowledge, if we are not able to control the risk it will end up worse.
Losses are a natural thing but steps need to be taken to minimize them because it is impossible to be involved in trading by experiencing losses all the time.
I believe that knowledge and experience will provide an overview for people involved in trading and in that way people will be much easier to recognize the impact of the risks generated and we also cannot guarantee that trading can provide consistent profits.

Trading could only be costly if you ain’t making a significant profit of it.
Think about it: why is it that most people want to be traders?
That’s simply because, it’s a profitable space where you have the opportunity to make a lot of money or the commodity for which you trade on. If you’re actually winning in your trades and making a lot of money from it, then you would see it to be worth whatever effort you put into trading. When it’s otherwise, you might want to rest it but, rest it and then you’ve truly lost.

Trading is all about money and one's ability to nuture his/her psychology. It matters a lot in gaining a stronger chances of making more profit when trading. Trading is not easy to be honest, it requires mental maturity and stamina. Ultimately, it requires one's ability to be consistent.  Losses happen in trading, it's a normal thing however, it also gives birth to winning and immediately you get an edge over the market, it gives the trader a balance, giving you the capacity to trade more and more.

I will choose reputation before any other things an exchange offer, most of the problems that we have from exchanges are result of bad reputations from the team. Look at Mt gox, FTX and Hotbit, the team carelessness lead the exchange to where it is today, things that are cheap can be very dangerous, it's better you look out for reputation before any other things. If this exchanges that collapse were able to refund the affect customers, crypto space will be stronger than the way it's right now.

Mt gox recently distributed their Bitcoin to the affected customers, catastrophe event that happens more than 10 years ago, only lord knows when FTX will give back to their customers. I don't like centralized exchanges but some of them are better than each other regardless of their trading fees.

the only time where the fee might seem painful is when we're so unsure of the market, always doing a massive buy by market price and then trying to rotate to other coin quite often just for the sake of fitting in into the narrative.

I can see the exchange getting 2-3 USD everytime i rotate for each grand that I exchange LOL .

but yeah, it's actually nothing at all when we're making literal thousands of dollars from a good trade, after all, these exchanges got something to take care and their platform has been such a big help.

We haven't seen an exact number or figure from OP so we do not know what they think is a lot. If you trade every single day, and I mean literally every single day, and then at the end of the year you just spent a thousand or two, then that's normal isn't it? I mean we are talking about tens of thousands even hundreds of thousands of dollars worth of trading going on from a single source, and paying a bit for that isn't really that big.

I mean we are talking about just 0.1 right? That's what they take, 0.1% from maker and taker, that means if you are trading 100k dollars, that's literally hundred thousand dollars, that is just 100 dollars for the action. I am not sure if that's a lot, and if you end up using BNB to pay, that means you are going to end up with even less, like 75 bucks. That's nothing.

It's not every trading platform that will charge you the likes of commissions and the alike, and also asset being traded matters especially if you trade forex...but for the likes of commodities,  indices, crypto these shouldn't attract unnecessary fees unless you take it up with your broker!!

Btw, lot size will also matter...so if you are over leveraging your account expect to pay more of these fees.

Otherwise, where I trade crypto is commission free and whatever profits you see, that's pretty much what you get.

Yes, if OP or anyone takes the time to compare, it can be seen that the fees of reputable exchanges will not have too big and insignificant differences.

Besides, everything has its price and with the choice of low-fee exchanges. In addition to the possibility of being scammed, we may encounter problems such as low liquidity or poor customer service and especially information security, assets will not be more guaranteed than with reputable exchanges. So don't just because of a small fee and make decisions that get us into bigger unnecessary troubles.

Consideration of trading fees and any transaction fees on a particular exchange is the second option after knowing about the value and rating of the exchange. Because the level of security and also the level of good reputation on an exchange must be the main benchmark for every user and especially for all traders who often put a certain amount of money into the exchange in order to facilitate their work as traders. Moreover, after seeing the level of fees on an exchange and comparing it with other exchanges, the difference itself is not that big or not that striking. So this should not be a serious problem for every user because the most important thing here is the level of security and also the speed of an exchange in serving every transaction from its own users.

We always have the option to switch, but from what I see, major exchanges generally have similar fees. Maybe we noticed that smaller exchanges might offer lower fees, but we need to be cautious because some of them could be scam sites. For me, fees don’t matter much as long as they are manageable; it is better than risking our money on untrustworthy platforms.

In my opinion, fees only become an issue if we’re constantly depositing and withdrawing our money. As many traders practice, they don’t completely empty their wallets. They leave some funds for future trades, which helps minimize transaction costs over time.

I don't trade in futures or in margin trading but only in spot so fees are not that much in spot yeah if I would add fee from all of the trades they would be a big number but still If I am not wrong they won't be more than even a $1. As in Spot I don't make that much trades. Speaking of futures AFAIK they have to pay the commission fee every for every 8 hours (On Binance) and other exchanges can have their own parameter.

Can you give us an exact number of how much fee collectively they have deducted from you, I think you could only calculate the data of the past 6 months (max) as most of the exchanges don't provide historical data beyond this. Using the native token of the CEX can help reduce the fee like BNB for Binance, and BGB is I think native for Bitgetwallet and Gate has their own token.

These exchanges are out for business and they all will want to set competitive trading fees for users and that's what makes it's a choice for users to choose which platform with favourable fees for them but I'm doing so they ought to remember not choosing an exchange because it's with a very low fees without considering it's reputation and longtime standing in the industry to avoid losing our funds to scam exchanges.

Switching exchanges isn't that easy because you don't know what the fate of that new exchange holds for you. You might've been receiving successful transaction on present exchange and when you switch, you start to decline. You'll also get introduced to new tokens that mightn't give you the victories that you use to get when trading in the other exchange. You also have to consider what the different exchanges offer in trading experience and that's why I do not switch between exchange that frequently when trading.

The fees as you have said aren't that high or possible I haven't traded that large sum to get billed more so I can't relate but for my trading, I consider the fees I get charged as alright. But for the general assumption that trading is profitable, I think it's not and we have people losing more than they're being victorious.

From what I've learned the exchanges don't really care about what you experience, what they think is from their business side, not from your side, if you feel that the trading fees on the platform are high and you think it's not fair, then you can switch to another platform that offers lower fees compared to what they offer. It's as simple as that. And I think, some of the popular exchanges nowadays have reasonable fees and various programs and rewards that are very helpful for traders - and if you feel that it's not enough, then what you need is how you can get more profit from your trading, because if you profit hundreds of dollars, paying fees is not a big problem.

But even if as a trader I had to trade very veryyy often, and it happens that am winning more trades 3x more than an making losses in my total number of trading times it still won't be anything to go by in crossing my mind about the fees that goes with each trade. I can only make a big deal about that when the losses becomes to numerous to bear.

You may be right - it's only a concern if the depo is such a big pile of funds or a trader does trades very, veryyyy often.
Otherwise - it may not be such a big problem.

Truly a mystery.
Didn't try it or any other token in fact, to grab the discounts for trades (they are not that big for me to consider the option), but still - I think it would be much appreciated by people who are interested more in such thing.

The exchanges we use for trading do use those fees in running their day to day services of the platform and also to the welfare of their employees and paying of taxes to the authority. With all of these considered I don't find it as anything to worry about. What should be of immense concern to a trader is how he can maximise his trading skills and strategies to making huge profits than losses because what those trading platforms take as fees is nothing compared to what most of us loss on a bad trade.

I never calculated how much it cost to trade and maybe each exchange has different fees.
Exchanges are also part of the business so it is impossible for them not to charge a fee for every trade we make because in essence they already provide a service so that fees will definitely be charged for everyone who uses the exchange.
But what needs to be thought about is not the issue of costs but the need to improve skills so that every trade made can be profitable.

If the issue of costs is the problem, should we stop trading or make transactions and I think the trading costs are not too big because the exchange have have adjusted.

Even now, it remains a mystery to me why an exchange like Bybit did not introduce discounts on payment with the MNT token, at a time when even new exchanges provide such a service. Such a discount when paying with an exchange token strengthens not only the coin itself, but also allows traders to slightly reduce costs.

Actually most things in life are, but crypto, gambling, trading, especially needs people to be determined to know everything, to inform themselves, and to realize they are at disadvantage as soon as they start.

Too many people waste time on gaining free things. Short roads have bad endings


Only if you high volume trader. You will end up losing money buying shit tokens going down in price over time.

You can use the native token of the exchange to pay the fees, this will allow you to save a little on fees, but you can't get rid of fees because that's what the exchanges make money on. If I trade, then mostly it's spot trading, I know how much I enter the deal with and I know how much I need to exit with so I don't worry about how much I spend on fees, I just take it for granted that I can't get rid of.

It's for the resourceful and determined people.
You either understand this or lose your depo trying.

There are many things that you have to consider during trading. First of all, everything depends on which platform you choose for trading and how big trader you are. The bigger the trader you are (I mean capital), the better the fees are for you.

For example, Coinbase charges users high fees, which sometimes can go up to 0.6%, which is a huge fee to my mind but there are things that you can do to avoid paying such a high fee and there are some tricks written in this article: https://help.coinbase.com/en/exchange/trading-and-funding/exchange-fees

Binance trading fees for regular users are up to 0.1% but if you hold some BNB and your 30-day trade volume is more than 1 million USD, you can save yourself from paying a significant portion of fees, here is the table: https://www.binance.com/en/fee/schedule

Fees on Kraken can go up to 0.4%, check this: https://www.kraken.com/features/fee-schedule#spot-crypto

I won't include every trading platform but you can google fees of each of them. Overall, Binance is the best option for an average user but for advanced users, depends on their capital range, there is a competitive market.

I always tell people one fact. You are at a loss as soon as you open your trade.

First because of the spread. As soon as you buy or sell, you already have to close at a better price.

Second the fee/commission. Small, but if you open 10 trades, the 0.05% becomes 0.5%. 100 trades and you are out 5%.

Then people forget about deposit and withdrawal costs

Trading is not for the weak or the lazy.

If done excessively and not supported by good skills, I can say that the trades made will never be successful and instead we will see continuous losses. This is why most beginners come into trading just because they are motivated to make money but they don’t understand how to do it properly so as not to lose money.

If you enter into spot trading then any reward will be much more balanced, except when trading in futures because it will be very detrimental when you experience a loss based on one trade. In conclusion you understand better how to trade where forcing yourself to trade with poor skills will actually harm you. If you do not have the knowledge and experience then you should learn spot trading because there it will be much easier by taking a trading approach to more fundamental coins.

Yeah, these type of things will of course be overestimated and will be considered as a big deal, but nobody considers how exchanges become traders just like us as well, what do you think they do with all that crypto, they do hold as much as they can, but they then sell that too, so it is not really like they are any different, plus I would rather an exchange have it than some whale who may just crash the market.

All in all, I believe that we are not really losing that much to fee's, trading is fine and the exchanges should be making some fee considering how much they are putting into this. Think of Binance, they are holding 100+ billion dollars worth of money on their coffers so we can trade, the risk they are taking is huge, I would gladly pay whatever fee they want and that's the truth.

You are being wholly unreasonable and dramatic here, @OP.

A regular trader in most exchanges pays between 0.02% and 0.1% as maker or taker fees. Maker fees are lower in most exchanges, which makes it even more economical to be a maker, so you should make sure you are trading as a maker if you don't want to pay higher. Even if you are paying 0.1% in fees, it costs you $0.1 for a $100 trade, which is only an example I'm using because most exchanges wouldn't even charge you that much.

Binance charges 0.02% to makers and 0.05% to takers as regular traders, and these fees reduce as you grow higher in VIP levels. So when you say that a large chunk of your profits are taken by the fees charged by centralized exchanges, that is a bit excessive. Paying $0.05 as trading fee for a $100 trade isn't too much, in my opinion. After all, exchanges have to earn money as well for providing the services to you.

Trading can be a huge expense to people who don't understand risk management and those who don't have other sources of income. You  can't just rely on trading as the only way to generate income. Before you go into trading you must have a backup because if anything happens to the resources you have without having any other thing to fall back to it might be a problem for you. Trading involves a lot of risks and you are not going to get it right within the first few months of navigating the market, you would incur losses but it all depends on your awareness of risk management.

Yes, that's for sure if you don't have an understanding and knowledge about trading in the crypto market, everyone definitely knows that crypto trading is high risk, so it can clearly burden or harm ourselves more than we imagine.

Hopefully if you have knowledge about trading, of course the activities you do will not be a burden for you and you will do it with big profits and not losses, Many of our friends have been involved in trading for more than 1-2 years, they have only just felt the benefits of what they do, some are desperate and some are successful, that's the world of crypto trading that requires patience and knowledge, not imitation.

Staying focused is one thing that keeps us moving in everything we are doing be it trading or investment we must learned to understand how things works especially that of the trading because when focused it makes it that easier for us to know more things about what we do. As said, except he wanna ventured into such business then fine it's good he knows how the fees are being calculated or even how the exchanger's are making their profits from trading.

All crypto exchanges are indeed continuing to innovate in order to attract more users, but if it lies in the issue of trading fees, I think every trader can also see it clearly even without having to test it first. So far I have not paid much attention to it because I am still quite satisfied with using the Binance exchange which can provide some of the services I want so I don't often use other exchanges if it is only about trading fees. Because when there is one exchange that can provide some of the benefits we want, I think that is more than enough and there is no need to register for more exchanges if the services and fees are not much different.

Greed and lucrativeness over a position with leverage may be the end of some depos, indeed.
So in order to avoid such fate - analysis should be put to work, just like for any position, on the spot or not. Because it's riskier than the usual one.

All the facts should be known to the trader, and he should work with them accordingly.
Strategy should take shape from them, it's natural for it to be that way.

Those trading fees can be quite a lot if you cumulatively calculate it and that's why most exchanges often role out trading fees rebate campaigns to subsidize these fees. Exploring the innovative telegram trading mini app could provide rebate opportunities particularly for those using Bitget mini app to trade. Bingx and Gate also have this mini apps but not sure if they allow both spot and futures with a trading fee rebate campaign to onboard users.

honestly in my opinion, leverage means nothing if we can control our risk, when I use 100x, I will set my SL to -$50 with a margin of $5, so I can tolerate 1000% negative PnL and have no problem with it.
people who trade with 100x leverage are usually people who put their limit order at resistance and hoping the market bounce, this strategy works quite well but occasionally as well the strategy might not work when market is impulsive.
as for me, I find 100x to be really good since I already used to it.

so I don't think it's that dangerous if we know what we're doing, the problem with most of people though, they just use 100x leverage without risk management and go all in, as a result, they got a really close margin call price mark.

Yes usually exchanges like to take fees and not making it much noticeable to customers to let them think, they are making profits or losing less than they are in reality, that's why it's very important when you trade to closely monitor what is spent in those fees and how it affects your profits. Otherwise you won't be able to know how efficient is your strategy if the profits made are not larger than the fees.

Sometimes there are things that we don't need to pay attention to. I'm not saying that's wrong, there's nothing wrong with calculating that because maybe it will be useful for us when we start trying to build a business. However, don't let it distract us from focusing on something more important, that's the point. If we can stay focused, then I think it's okay even though it might not have any impact on us. However, when in the trade that we do we still encounter many problems, then it's better to just fix that first by continuing to learn to be even better. For me, that's the point.

Trading is risky and trading with leverage is more dangerous but it isn't only like these. If you use very high leverage like 100x, and very short candle like 1 minute, your trading position will be closed very quickly and mostly closing by exchange liquidation. People trade with high leverage like this can use small capital, but with time, sum it up they will lose very big capital that is hard to imagine at beginning.

When trading with spot, it's safer, but when trading with margin, it's more risky and trading fee with this trading type is no longer most important concern. It's about liquidation and your serious loss of capital, trading fee is too small compares to your loss.

Do you think anyone who focused on the profits these companies makes would eventually make progress especially in trading?
To me I don't think anyone should be focusing on the amount they made from people who are using the platform rather, it is better to focused on self development and how to be more productive with their trading to keep earnings and covers up their trading fees. It doesn't make sense to trade and keep losing instead it's better to have a good trading skills to keep one earning good amount from trading not to focused on the amount the company are making.

in my opinion, the fee become painful when we trade on leverage, like 100x leverage just for short 1m chart, we usually charged $2-3 for small margin of $15 which is nuts, I think exchange need make exception of high fee for small trades like this though I understand they charged the fee based on the filled order which with 100x leverage gonna be inflated 100x and also funding fee.

if it's just spot trading usually I just don't bother the fee is minimal, even more minimal if we open a limit order and not market order.

but still it'd be great if there's some kind fee cut for high leverage you know . because exchange fee is just one thing that we gonna pay, there are a lot more to come.

I use Binance for trading because I actively trade with BNB. There are many people who hate this coin but for investment purposes, it's a really good coin. According to Binance, Taker/Maker fees are 0.1000% / 0.1000% for regular users. When you buy 1 Bitcoin, you pay 0.001 BTC fee. I don't trade with 100k, I usually trade with 10-20K and I have never thought that this is a big fee for me because I trade a few times during the year, maybe 3-4 times a year. If you trade with small amount, this 0.1 fee won't affect you much but if you are a whale, it means a lot and in this case, on Binance, you have to purchase BNBs. In 2020 I luckily bought 25 BNB when price was $20 and I usually hold them but I also trade with them but in the end, if you are not a millionaire, you won't be able to save on fees.

If huge profit yeah but if it is only small, then we might not help it but to look back on the fees that we pay and say if only the fees are small, my profit would have even become better. Fees won't be called like that for nothing but this is like a compensation for those who regulate the market.

So, we shouldn't calculate them and add to our potential gains at the first place. If you don't want to pay a fee (lots of it) then you better leave, as early as possible. I am only going to assure you that you won't avoid them permanently because they do exist too outside or in the real world. As you said there, there is still a way to lessen the fees now. So, we can now worry less.

Fees are not that much to be honest. With those few cents to a buck or two won't be impactful to how much you've sold from that exchange. Just think of it that nothing is free nowadays. That's why the fees that you're paying and automatically deducted once you have trade is just a fee that you have to pay for using their platform. Don't think of it as something that sucks us out because it's not that a lot. While maybe for some reasons those few bucks and cents does really matter to you and it's impactful to you but you need to realize that these services is what we're paying for those fees so that we're convenient in using them and converting our assets into cash.

You won't worry if you are trading in a reputable trading platform. And usually, they have competitive fees. And if you can't attend your trading activities, better invest on coins or projects which you think will have long term potential of profitability.
Trading capital is also important because if you only have small funds, it is just like you are wasting your effort for pennies. But if you have so much time, you can do the baby steps.

Yes, that's right. All centralized and decentralized exchanges definitely have fees. Because according to the rules and policies of each exchange, licensed crypto asset traders are required to charge a fee for each transaction. I myself don't really think about fees as long as I make a profit, especially if the exchange is comfortable to use, especially in terms of security.

A good suggestion to avoid this is that it is better as you said, being an investor is much better because you don't think too much about fees, don't bother monitoring prices and of course don't spend a lot of time. In addition, with a small capital, trading is not effective, it is better to look for coins that have long-term potential and do dca for the long term. This is certain and profitable without having to think about fees and so on.

Exchanges live out of those fees, so no matter what you do you will have to deal with them and there are various ways to do so, one of them is simply to reduce the number of trades that you make, the second is to increase the capital used on each trade so it is easier for you to offset those fees, now it seems you are realizing one of the most important truths of trading, minimizing the fees you have to pay is critical, as if you do not then even if you had a good strategy you will lose money, and by the way, you still forget the highest fees you are supposed to pay, which is the taxation the government charges you, so things are even worse than what you think.

First of all, it's not win but profits.

If someone has to pay 1% fees for their trades then it's better don't trade at all and the 1% may looks negligible but it's not if we do the math. Let's say trading of 100 dollars and the fee is 1% means 1 dollar will be deducted instantly irrespective of profit or loss and now assuming you made 5% profit in that trade which means you are effectively paying 20% of what you made as just fees and this is only if you made profits but in case of loss the things will be worse.

And don't forget you need to pay tax for every profit you made.

In order to earn in trading, you need to make a lot profit that beat the trading fees and tax in your country.

It's why if you can't earn a lot of money in trading, it's better for you to become investors instead of spent a lot effort and time when you didn't get a good results.

Trading fees will haunt you throughout your trading career.

Often liquidation fees in futures and all will be draining out balances before you know it. That is why I suggest only spot trading over any other type of trading.

You will rarely find rebates in spot, because the exchange has very little to get back from that order. Non-spot trading are all similar to gambling and that is where they make the chunk of money.

From my exchange I do get rebate coupons for both spot and futures trading but I do get frequently up to $100 rebate for derivative trading and for spot trading very rarely. The other method, I am aware of is, holding or staking exchange tokens to enjoy discounts on every trade; I remember binance first introduced this and right now almost all the exchanges are following this.

Personally I tried staking exchange tokens for discounts in fees but my conclusion is, the depreciation I faced with those exchange tokens must be massively higher than what I would have paid in fees for my transactions. First I thought this could be a temporary set back in values of exchange token but continuous regulation requirement from governments and hacking incidents are leading exchange tokens to go down in value over time.

I've noticed this as well, the higher leverage the higher fee cost but you can minimize by holding exchange token on several exchange that gives benefit to their own token holder but I just think that sometime the cost is too high for no reason at all, I used bybit for future trade and many time the fee eat up significant chunk of my profit which I otherwise want to keep, but because the fee is high, I just gotta learn to move on and accept that their leverage feature comes at high cost. I guess same thing happened to other exchange like binance and so on just small difference between fee but it matters a lot for us the small shrimp trying to trade on futures.

same thing with spot, if we ordered on market price the fee usually become obvious.

I believe this would matter so much if you are trading such big volumes and then amplifying the amount of fees that you have, which would hurt your additional profits so that you can use them for more trading. Well, I guess it's just a matter of doing limit orders to minimize the fees and also accruing the exchange's coin (if it has one) for the possibility of having discounts and privileges on your exchange.

I get your point, if you’re winning big, the fees don’t really feel like much. But here’s the thing: it’s not just about those occasional wins. Over time, especially for active traders or those starting out, those fees add up. It’s easy to ignore them when you’re focused on the next big trade, but they can eat into profits more than we realize. If platforms can lower fees or offer better deals, it gives us traders more room to work with. Trading efficiently is key, but why not make it easier on yourself by not paying unnecessary fees? Less fee pressure means you can focus more on the trading and less on the cost of getting in and out of positions.

I get what you’re saying, and you’re right. if you’re consistently winning, the fees might not feel like a big deal. But for those of us who have to grind through some losses or trade with smaller volumes, those fees can add up quickly. I’m also all for platforms rewarding higher volume traders, reducing fees for those putting in the work makes sense. As for limit vs. market orders, I agree, limit orders tend to be more fee-friendly, but not all of us have the luxury to wait for the perfect entry. Ultimately, it’s about finding a platform that balances fees, volume, and rewards. Centralized exchanges might be the go-to for now, but hopefully, we’ll see more fee-friendly options popping up across the board.

You're welcome! That small percentage might seem tiny if you're trading small amounts, but as your trades grow, you'll really notice the impact of those discounts. It adds up and helps maximize your profits. Just think about Binance, they're raking in around $10 million daily from trading fees. That’s a massive amount.

But if we can grab even a small drop of that in our favor through discounts and promos, why not? It’s good to stay aware of these opportunities as they might seem minor, but they can make a big difference over time.

This fees still do not count that much as long as long as you’re winning, imagine the daily trader who spends that 1% on trades in a day, if his trades has like 7 wins he would have very well cover a lot and the fee will be negligible to him. Also there is something some platforms do which is reduce fees for those who uses their platform to trade more or have more trading volume.

As for spot and futures I notice trades are actually less fee cost effective when the trade is a limit order trade, market order charges more. But overall one needs to find the exchange with Lower fees although sadly it is mostly centralized exchanges

For me, I don’t care much about fees as long as I’m making profit from my trades, but in the long run you’ll find yourself spending more and more fees that should have been part of your profit.

All centralized and decentralized exchanges have fees, no exchange will operate without fees because that’s what keeps them going. But some of them offer some discounts due to certain events or you can get a discount if you hold the exchange token like BWB on Bitget exchange, where you get a discount on fees if you hold this token.

I use OKX and bitget. OKX because some projects I’m farming, DEMANDS it. But if it’s just trading and making personal transactions  I use bitget. They’ve got cheaper fees and there’s almost always some event. I’ve got a small portfolio and every single penny matters to me (I’m a cheapskate)

Hmm for sure there are some annoying fees in the Spot market and in the future too but I'm not familiar as I have no recent experience with the future market, But in my view, it is not too much so we cant afford even at any amount of profit. Fees are quite negligible there in spot trades.

Just need a decent platform and in my vies most of their 1 platforms are good affordable at least according to my experience.

MEXC has just increased their spot trading fee to 0.05% for market makers and takers. But their future trading fee still remain as 0.02% for takers while 0% for makers. I prefer the exchange if I want to trade futures. You can even set the close position order TP with limit order so that no fee would be deducted if the order is filled.

IMO, trading fees doesn't take much from the profits while the withdrawal fees does.

But trading fees can become a burden for intra day traders who keeps doing multiple trades all day long which will keep taking a fraction from the total trade amount, let's say if it's 0.1% and with 10 trades 1% of your capital will be gone which is why it's important to choose where the fees are less depending on our trading frequency.

When one can research the market very well and analyze a token and trade it profitably then trading fees do not matter for him. To do trading you must acquire knowledge on various subjects. Exchangers charge a very small amount as trading fees but also provide many trading vouchers through which trading can be done without any fees. So I don't think any trader cares too much about trading fees. When you trade more, you will profit more and you can lose at the same time. it is normal

How much could those fees cost for every trade you take that makes it matter that much? I guess they don’t cost a much until you decide to accumulate them altogether to see how much you’ve lost to trading fees. To be honest, they shouldn't matter that much as long as you’re getting your big wins at trading, they’ll always cover up for that. When these fees are slashed or taken away, it’ll make them to have less income out of their total earnings calculated to be gotten from each traders trade taken.

I am not really interested in looking out for platforms that proffer little more discount to trading fees, most of them are on the same tangle level of fees. What matters most is how efficient trading on those platforms can be to me. Trading is very much interesting and a lot more happier when you’ve understood and winning big in them, when it does, the fees may never have you to think about looking for a discount on them.

As it was said about Binance and others - there are possibilities to get the fees lower on these platforms, but I do think you are right, if you use something and it's centralized - the service has its price.
However, I never calculated how much I got from the fees if I didn't spend a dime on them. Partially because I don't buy coins so often.

Price of comfort for having a platform. Or not even comfort really? Just the basic to even be able to trade in the first place. They're a business at the end of the day, so they still gotta live off of their users. But if the fees are indeed that high maybe try to find another platform to trade in? Pretty sure there's a basic metric you'd use to judge fees and personally I've never had that big of an issue with where I'm trading with right now.

And no, bonuses and discounts are just that, bonuses. I don't think trading platforms need to add anything to make it more sustainable, it already is sustainable.

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