How does Hotbit calculate fees for buying and selling cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! When it comes to buying and selling cryptocurrencies on Hotbit, the platform charges a fee based on the trading volume. The fee structure is tiered, which means that the more you trade, the lower the fee percentage. This encourages higher trading volumes and rewards active traders. The fee percentage can range from 0.1% to 0.2% depending on the trading volume. It's important to note that fees may vary for different cryptocurrencies and trading pairs on Hotbit. Make sure to check the fee schedule on their website for the most accurate information.
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• Dec 27, 2021 · 3 years ago
  Hotbit calculates fees for buying and selling cryptocurrencies using a maker-taker model. If you place an order that is immediately matched with an existing order on the order book, you are considered a taker and will pay a fee. On the other hand, if you place an order that is not immediately matched and is added to the order book, you are considered a maker and may even receive a rebate. The fee for takers is typically higher than the fee for makers. This model incentivizes liquidity provision and market making on the platform.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, calculates fees for buying and selling cryptocurrencies in a similar way to Hotbit. They also use a tiered fee structure based on trading volume. The more you trade, the lower the fee percentage. This encourages active trading and provides benefits to high-volume traders. However, it's worth noting that the specific fee percentages and tiers may differ between Hotbit and BYDFi. Make sure to check the fee schedule on each platform for accurate information.
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