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What are the fees and transaction costs associated with trading cryptocurrencies on FTX, Coinbase, and Binance?

avatarIt's yasmineDec 26, 2021 · 3 years ago3 answers

Can you provide a breakdown of the fees and transaction costs for trading cryptocurrencies on FTX, Coinbase, and Binance? I'm interested in understanding the different fees involved in trading on these platforms.

What are the fees and transaction costs associated with trading cryptocurrencies on FTX, Coinbase, and Binance?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! When it comes to trading cryptocurrencies on FTX, Coinbase, and Binance, there are various fees and transaction costs involved. Let's start with FTX. FTX charges a fee for both market makers and takers, with the fee ranging from 0.02% to 0.07% depending on the trading volume. Additionally, FTX also has a funding fee for perpetual futures contracts. Moving on to Coinbase, they have a different fee structure. Coinbase charges a spread of about 0.50% for buying and selling cryptocurrencies, and they also have a Coinbase Fee, which is a percentage of the transaction amount. Finally, Binance has its own fee structure as well. Binance charges a flat fee of 0.10% for both market makers and takers, but if you hold BNB (Binance Coin), you can enjoy a discount on the trading fees. It's important to note that these fees may vary and it's always a good idea to check the respective platforms for the most up-to-date fee information.
  • avatarDec 26, 2021 · 3 years ago
    Alright, let's break down the fees and transaction costs associated with trading cryptocurrencies on FTX, Coinbase, and Binance. Starting with FTX, they have a tiered fee structure based on your trading volume. The more you trade, the lower the fees. Market makers enjoy lower fees compared to takers. Moving on to Coinbase, they charge a spread fee, which is the difference between the buy and sell prices. This fee is usually around 0.50% of the transaction amount. Lastly, Binance charges a flat fee of 0.10% for both market makers and takers. However, if you hold BNB, you can get a discount on the trading fees. It's worth noting that these fees can change over time, so it's always a good idea to check the platforms for the most accurate fee information.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to trading cryptocurrencies, it's important to consider the fees and transaction costs involved. Let's take a look at FTX, Coinbase, and Binance. FTX charges a fee for both market makers and takers, with the fee ranging from 0.02% to 0.07% depending on the trading volume. They also have a funding fee for perpetual futures contracts. Coinbase, on the other hand, charges a spread fee, which is a percentage of the transaction amount. This fee is typically around 0.50%. As for Binance, they have a flat fee of 0.10% for both market makers and takers. However, if you hold BNB, you can enjoy a discount on the trading fees. It's always a good idea to check the platforms for the most up-to-date fee information, as fees can vary and change over time.