The fees associated with trading cryptocurrency can vary significantly depending on the exchange being used. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade amount. Some exchanges also offer discounts for users who hold certain memberships or who trade large volumes. It is important to understand the fees associated with trading cryptocurrency in order to create profit-maximizing strategies and to find the exchange that offers the most competitive rates.
Bitfinex and BingX are two cryptocurrency exchanges that allow users to trade various cryptocurrencies. Both exchanges use a tiered fee structure based on a percentage of the user’s 30-day trading volume, but the exact fees vary. Bitfinex charges a maker fee of 0.1% and a taker fee of 0.1% on most trades, with discounts available for users who hold the exchange’s native token (LEO) or who trade large volumes. BingX has lower fees, with a maker fee and taker fee as low as 0.075% on most trades.
Please see the table below for a quick overview:
It is important to compare fees across different exchanges and to check the current fee schedule for the exchange you are considering using.