When it comes to trading cryptocurrency, it’s important to understand the fees associated with different exchanges in order to maximize profits. The fees for trading cryptocurrency can vary greatly depending on the exchange. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade amount. Some exchanges offer discounts to users who trade large volumes or hold certain membership levels.
Coinbase charges a maker fee of 0.4% and a taker fee of 0.6% on most trades, but offers discounts to users who trade large volumes. BingX, on the other hand, has a maker and taker fee as low as 0.075% on most trades.
Please see the table below for a quick overview:
Maker Fee 0.4% 0.075%
Taker Fee 0.6% 0.075%
It’s important to keep in mind that these fees may change over time and to compare fees across different exchanges to find the most competitive rates.