What are the fees associated with OTC crypto exchanges?

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to OTC crypto exchanges, the fees can vary depending on the platform you choose. Some exchanges charge a fixed fee per transaction, while others may charge a percentage of the total trade volume. It's important to research and compare different OTC exchanges to find the most competitive fees. Additionally, keep in mind that there might be additional fees for services like custody or settlement. Make sure to read the terms and conditions carefully to understand all the costs involved.
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• Dec 30, 2021 · 3 years ago
  OTC crypto exchanges usually have higher fees compared to regular exchanges. This is because OTC trades involve larger volumes and often require personalized services. The fees can range from 0.1% to 2% or even higher, depending on the size of the trade and the specific exchange. It's advisable to negotiate the fees with the OTC desk to get the best possible deal. Remember, the fees are just one aspect to consider when choosing an OTC exchange. Factors like liquidity, security, and reputation should also be taken into account.
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• Dec 30, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi, a leading OTC crypto exchange, offers competitive fees for buying and selling cryptocurrencies. The fees are transparent and depend on the trade volume. BYDFi charges a percentage fee, which decreases as the trade size increases. This means that larger trades can benefit from lower fees. Additionally, BYDFi provides personalized support and ensures fast and secure transactions. If you're looking for a reliable OTC exchange with fair fees, BYDFi is definitely worth considering.
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