How much is a vig in the cryptocurrency market?

3 answers

• Jan 09, 2022 · 3 years ago
  A vig, short for vigorish, is a term used in the cryptocurrency market to refer to the fees charged by exchanges for facilitating trades. These fees can vary depending on the exchange and the type of trade. Vigs are typically a percentage of the trade volume and can range from 0.1% to 1% or more. They are an important source of revenue for exchanges and help cover operational costs. Traders should consider the vig when calculating their potential profits or losses from a trade.
  482241
• Jan 09, 2022 · 3 years ago
  In the cryptocurrency market, a vig is the commission or fee charged by exchanges for executing trades. It is similar to the concept of a brokerage fee in traditional financial markets. The vig is usually a small percentage of the trade volume and can vary between exchanges. It is important for traders to factor in the vig when determining the profitability of their trades. Higher vigs can eat into profits, so it's important to choose exchanges with competitive fees.
  471157
• Jan 09, 2022 · 3 years ago
  A vig, also known as a trading fee, is a charge imposed by cryptocurrency exchanges for facilitating trades. The vig is typically a percentage of the trade volume and can vary depending on the exchange and the type of trade. It is important for traders to be aware of the vig as it can impact their overall trading costs. Some exchanges offer lower vigs for high-volume traders or for those who hold a certain amount of the exchange's native token. BYDFi, for example, offers reduced vigs for users who hold a certain amount of BYD tokens. This can be advantageous for frequent traders looking to minimize their trading costs.
  626157