Are there any tips or tricks to not paying taker fees on BitMEX?

3 answers

• Dec 27, 2021 · 3 years ago
  Certainly! One way to avoid paying taker fees on BitMEX is to become a market maker. Market makers provide liquidity to the exchange by placing limit orders that are not immediately matched with existing orders. By doing so, they can enjoy lower or even zero fees. However, keep in mind that being a market maker requires maintaining a certain level of trading volume and order book depth.
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• Dec 27, 2021 · 3 years ago
  Yes, there are a few strategies you can try to reduce taker fees on BitMEX. First, you can consider using limit orders instead of market orders. By placing a limit order, you have the opportunity to be a market maker and pay lower fees. Second, you can try to time your trades during periods of lower market volatility. This can help you avoid situations where your order is immediately matched and classified as a taker order. Lastly, you can explore other cryptocurrency exchanges that offer lower taker fees or even fee discounts for certain trading activities.
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• Dec 27, 2021 · 3 years ago
  Absolutely! One option to avoid paying taker fees on BitMEX is to use the BYDFi platform. BYDFi is a decentralized exchange that operates on the Binance Smart Chain. It offers a unique fee structure where users can stake the BYD token to reduce or eliminate taker fees. This can be a great way to save on trading costs while enjoying the benefits of decentralized trading. However, it's important to do your own research and ensure BYDFi meets your trading needs and risk tolerance before using it.
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