Cryptocurrency Q&A
How much is Phemex future fee?
How much is Phemex future fee?
emma_anderson_scientist
Fri Sep 06 2024
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6 answers
1551
Excuse me, could you please clarify the specific fee structure for Phemex futures trading? I'm particularly interested in understanding the magnitude of the fees associated with such transactions. Is there a standard rate for these futures fees, or does it vary based on factors such as trading volume or the type of contract being traded? Additionally, are there any potential discounts or incentives available for frequent traders or those meeting certain criteria? I would greatly appreciate any insights you can provide on this matter.
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6 answers
KimonoGlory
Sat Sep 07 2024
On the other hand, market Makers contribute to the liquidity of the exchange by placing buy and sell orders that do not immediately match.
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ThunderBreezeHarmony
Sat Sep 07 2024
Trading fees on cryptocurrency exchanges are calculated based on a trader's role in the market.
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DigitalLegendGuard
Sat Sep 07 2024
By adding liquidity, Market Makers are rewarded with a lower fee of 0.01% of the transaction value.
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MysticMoon
Sat Sep 07 2024
Traders are classified as either Market Makers or Market Takers.
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Stefano
Sat Sep 07 2024
Market Takers are those who take liquidity from the exchange's order book by placing orders that match existing ones.
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