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What is the process for determining fees on BitMEX when trading digital currencies?

avatarMcDermott KragDec 27, 2021 · 3 years ago3 answers

Can you explain the step-by-step process for determining fees on BitMEX when trading digital currencies? How are the fees calculated and what factors are taken into consideration?

What is the process for determining fees on BitMEX when trading digital currencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When trading digital currencies on BitMEX, the fee structure is based on a tiered system. The fees are determined by the trading volume of the user over a 30-day period. The more you trade, the lower the fees you pay. The fee tiers range from 0.075% for the highest volume traders to 0.25% for the lowest volume traders. The fees are calculated based on the total trading volume in BTC over the past 30 days. It's important to note that the fees are subject to change and it's always a good idea to check the latest fee schedule on the BitMEX website.
  • avatarDec 27, 2021 · 3 years ago
    Determining fees on BitMEX is a straightforward process. The fees are calculated based on the trading volume and the fee tier that you fall into. The fee tiers are determined by the total trading volume in BTC over the past 30 days. The more you trade, the lower your fee tier and the lower the fees you pay. It's important to keep in mind that the fees are subject to change and it's always a good idea to check the latest fee schedule on the BitMEX website.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to determining fees on BitMEX, it's all about the trading volume. The more you trade, the lower the fees you pay. BitMEX offers a tiered fee structure, where the fees decrease as your trading volume increases. This encourages traders to trade more and benefit from lower fees. It's important to note that the fee structure may vary for different types of trades, such as futures contracts or perpetual swaps. For the most accurate and up-to-date information, it's recommended to refer to the BitMEX website or contact their support team.