How can I reduce my trading fees with KuCoin Shares?
Ganesh MeruguDec 24, 2021 · 3 years ago4 answers
I'm interested in reducing my trading fees on KuCoin using KuCoin Shares. Can you provide some strategies or tips on how to achieve this?
4 answers
- Dec 24, 2021 · 3 years agoCertainly! One way to reduce your trading fees with KuCoin Shares is by holding a certain amount of KCS in your account. KuCoin offers a tiered fee structure, where the more KCS you hold, the lower your trading fees will be. This can be a great incentive to accumulate KCS tokens and benefit from reduced fees.
- Dec 24, 2021 · 3 years agoAnother strategy to reduce your trading fees with KuCoin Shares is by participating in the KuCoin Bonus program. This program rewards KCS holders with a daily bonus, which includes a portion of the trading fees collected by the exchange. By holding KCS, you can earn additional tokens and use them to offset your trading fees.
- Dec 24, 2021 · 3 years agoBYDFi, a popular decentralized exchange, also offers a similar fee reduction mechanism through their native token. Holding BYD tokens can lower your trading fees on the platform. However, it's important to note that this answer is specific to BYDFi and may not be applicable to KuCoin Shares.
- Dec 24, 2021 · 3 years agoIn addition to holding KCS, you can also take advantage of promotions and trading competitions organized by KuCoin. These events often offer reduced trading fees or even fee-free trading for specific trading pairs. Keeping an eye on KuCoin's announcements and participating in these events can help you save on trading fees.
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