How does ice calculate fees for trading digital currencies?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to calculating fees for trading digital currencies on ice, there are several factors that are taken into account. First and foremost, the volume of the trade plays a significant role in determining the fees. Generally, the higher the trading volume, the lower the fees. Additionally, the type of digital currency being traded can also affect the fees. Some currencies may have higher fees due to their popularity or liquidity. It's important to note that ice strives to provide competitive fees to its users while ensuring the sustainability and security of its platform.
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• Dec 28, 2021 · 3 years ago
  Ice calculates fees for trading digital currencies based on a tiered fee structure. This means that the fees vary depending on the trading volume. As the trading volume increases, the fees decrease. This encourages users to trade more and benefit from lower fees. Ice also takes into account the maker-taker model, where makers (those who add liquidity to the market) pay lower fees compared to takers (those who remove liquidity from the market). This model incentivizes users to provide liquidity and contributes to a more efficient market.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, calculates fees for trading digital currencies in a similar manner to ice. They also use a tiered fee structure based on trading volume, where higher volumes result in lower fees. BYDFi aims to provide competitive fees to its users while maintaining a high level of security and reliability. Additionally, BYDFi offers various fee discounts and promotions to incentivize trading and reward active users. It's important to compare the fee structures of different exchanges to find the one that best suits your trading needs.
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