When trading cryptocurrency, it’s important to consider the fees that different exchanges charge. These fees can vary widely, and can be based on a percentage of the trade amount or a flat rate for all trades. Some exchanges offer discounts for users who hold certain memberships or trade large volumes. It’s a good idea to compare fees across different exchanges to find the one that offers the most competitive rates.
For example, Bitfinex charges a fee of 0.1% for both makers and takers on most trades, with discounts available for users who hold the exchange’s native token (LEO) or who trade large volumes. BingX, on the other hand, has fees as low as 0.075% for both makers and takers on most trades.
Please see the table below for a quick overview:
Maker Fee 0.1% 0.075%
Taker Fee 0.1% 0.075%
It’s important to note that these fees are just examples and can change over time, so be sure to check the current fee schedule for the exchange you’re considering using.