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✅ Copy the link in the description and don’t forget to copy the promo code on the broker’s page for regaistering on the cryptocurrency exchange in order to receive more bonuses and privileges:
◼ ByBit - tradersunion.com/brokers/cryp...
💯 Keep in mind that it is more reliable and beneficial for work with TU. Good luck!
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Video key moments:
00:00 - Start
00:10 - What Are Cryptocurrency Exchange Typical Fees?
00:28 - Trading Fee
00:50 - Taker and Market Fee Difference
01:09 - How to choose a cryptocurrency exchange with low Fees?
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🔎Trading Fee
✔️ Trading fees on cryptocurrency exchanges are fees that you must pay in order to trade on a platform. This is often how the exchanges make their money and keep their platforms running.
❓ So, how much does it usually cost to trade on a cryptocurrency exchange?
✔️ Most cryptocurrency exchanges charge between 0% and 1.5% per trade. However, these percentages depend on whether you’re a maker (buyer) or taker (seller). Fees also vary by exchange.
▪️ To understand how much you’ll have to pay in trading fees, it helps to look at an example. So, if you end up paying 0% and 1.5% trade and you invest $1,000 of your money into crypto, you’ll end up paying anywhere from $0 to $15 in fees.
✔️ Another key aspect of trading on cryptocurrency exchanges is maker-taker fees. These fees are transaction costs that occur when orders are placed and filled.
▪️ Trading fees depend on the type of order placed. For example, if you’re a maker, you’re “creating or making” the market for other traders, bringing liquidity to the exchange.
✔️ On the other hand, if you’re a taker, you’re removing liquidity by “taking” available orders that are filled immediately.
▪️ Usually, taker fees are slightly higher than maker fees. Cryptocurrency exchanges that implement lower maker fees do so to incentivize market makers.
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