Cryptocurrency Q&A
How much does Phemex charge for futures?
How much does Phemex charge for futures?
henry_taylor_architect
Fri Sep 06 2024
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6 answers
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Excuse me, could you please elaborate on the fees charged by Phemex for futures trading? Are these fees fixed or do they vary based on certain conditions? Is there a transparent fee structure in place that allows traders to understand their costs upfront? I'm particularly interested in knowing if there are any hidden fees or charges that traders might encounter while trading futures on Phemex. Your insights would be greatly appreciated.
6 answers
MysticChaser
Sun Sep 08 2024
Trading fees on cryptocurrency exchanges are determined by the trader's role in the market.
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ShintoSanctum
Sat Sep 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and a secure wallet.
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BitcoinBaroness
Sat Sep 07 2024
Traders are categorized as either Market Makers or Market Takers, with distinct fee structures for each.
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Elena
Sat Sep 07 2024
Market Takers, who remove liquidity from the order book by executing trades, are charged a fee of 0.06% on each transaction.
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SejongWisdomKeeperEliteMind
Sat Sep 07 2024
In contrast, Market Makers, who contribute liquidity to the order book by placing orders, are incentivized with a lower fee of 0.01% per trade.
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