common-close-0
BYDFi
Trade wherever you are!

Can I reduce the cost of trading on FTX?

avatarAhmad FaisalDec 26, 2021 · 3 years ago3 answers

What are some strategies to lower the trading costs on the FTX cryptocurrency exchange?

Can I reduce the cost of trading on FTX?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Absolutely! One way to reduce trading costs on FTX is to take advantage of their fee tier system. The more you trade, the lower your fees become. So, if you're a high-volume trader, you can enjoy significantly reduced fees compared to low-volume traders. Additionally, FTX occasionally offers promotions and discounts, so keep an eye out for those to further reduce your costs.
  • avatarDec 26, 2021 · 3 years ago
    Sure thing! Another strategy to lower trading costs on FTX is to use limit orders instead of market orders. By placing limit orders, you have more control over the price at which your trades are executed. This can help you avoid paying higher prices due to market volatility and slippage. It's a great way to save some money on your trades.
  • avatarDec 26, 2021 · 3 years ago
    Definitely! If you're looking for a third-party solution to reduce trading costs on FTX, you can consider using BYDFi. BYDFi is a platform that provides advanced trading tools and features, including smart order routing and optimized fee calculations. By leveraging BYDFi's technology, you can potentially minimize your trading costs on FTX and other exchanges as well. It's worth exploring if you're serious about reducing your trading expenses.