Cryptocurrency Q&A
Does FTX have fees?
Does FTX have fees?
CryptoWanderer
Sun Oct 20 2024
|
6 answers
1525
I'm considering using FTX for trading cryptocurrencies, but before I make a decision, I want to understand if there are any fees associated with using their platform. Specifically, I'm wondering if FTX charges fees for trades, deposits, or withdrawals.
6 answers
HanjiHandiwork
Tue Oct 22 2024
In contrast, Binance charges a starting fee of 0.1% for both market makers and takers. While this is a standard rate in the industry, it does not match the lower fees offered by FTX.
Was this helpful?
352
65
Chiara
Tue Oct 22 2024
When comparing the fee structures of FTX and Binance, it becomes evident that FTX offers a more competitive pricing model.
Was this helpful?
144
63
Stefano
Tue Oct 22 2024
Market makers on FTX benefit from a significantly lower fee rate, with just 0.02% charged per transaction. This is a marked reduction compared to other exchanges.
Was this helpful?
326
50
CryptoKnight
Tue Oct 22 2024
On the other hand, market takers on FTX are subject to a fee of 0.07% per transaction, which is still considered low in the cryptocurrency exchange landscape.
Was this helpful?
64
26
QuasarStorm
Mon Oct 21 2024
The lower fees on FTX can be attributed to the exchange's focus on providing competitive pricing and attracting more traders to its platform.
Was this helpful?
355
81
Load 5 more related questions
