What is the consignment percentage for buying and selling cryptocurrencies?

3 answers

• Mar 22, 2022 · 3 years ago
  The consignment percentage in cryptocurrency trading refers to the fee or commission charged by a platform or exchange for facilitating the buying and selling of cryptocurrencies. It is usually a percentage of the transaction amount and can vary from platform to platform. This fee is how exchanges make money and cover their operational costs. It's important to consider the consignment percentage when choosing a platform, as it can significantly impact your overall trading costs.
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• Mar 22, 2022 · 3 years ago
  When you buy or sell cryptocurrencies, the consignment percentage is the amount that the exchange charges you for the transaction. It's like a service fee that the exchange takes for facilitating the trade. The consignment percentage can vary depending on the exchange and the type of transaction. Some exchanges have a fixed percentage, while others may have a tiered fee structure based on the trading volume. It's always a good idea to check the consignment percentage before trading to understand the costs involved.
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• Mar 22, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, charges a consignment percentage of 0.25% for buying and selling cryptocurrencies. This means that for every transaction you make, BYDFi will deduct 0.25% of the transaction amount as their fee. It's important to note that this percentage may vary for different cryptocurrencies and trading pairs. Make sure to check the fee structure on the BYDFi website for the most up-to-date information.
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