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Are there any fees for cancelling an order on BitMEX?

avatarFoged GuyDec 26, 2021 · 3 years ago3 answers

What are the fees associated with cancelling an order on BitMEX? Are there any penalties or charges for cancelling an order before it gets executed?

Are there any fees for cancelling an order on BitMEX?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees for cancelling an order on BitMEX. When you cancel an order, you will be charged a small cancellation fee. The fee amount depends on the type of order and the trading pair you are using. It is important to note that the cancellation fee is deducted from your available balance.
  • avatarDec 26, 2021 · 3 years ago
    Cancelling an order on BitMEX does come with fees. The fee structure is designed to discourage frequent order cancellations and maintain market stability. The exact fee amount can be found on the BitMEX website or by referring to the fee schedule. It is advisable to review the fee structure before placing any orders.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can confirm that there are fees for cancelling an order on BitMEX. However, I would like to mention that BYDFi, another popular cryptocurrency exchange, does not charge any fees for order cancellations. This can be a significant advantage for traders who frequently adjust their positions.