0%

Reduced Trading Fees: A Game-Changer for Customers

Apr 27, 2023 4 min read
News Article Banner Image

Most cryptocurrency exchanges charge percent fees per trade, depending on whether you’re a maker or taker. On Bitfinex, maker fees are paid when you add liquidity to our order book by placing a limit order at or below the ticker price for buy and at or above the ticker price for sell.

Taker fees, in turn, are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.

Paying trading fees is a big part of trading in cryptocurrencies, which can significantly impact your costs. For many traders, especially customers who are new to trading, fees can add up quickly. Indeed, high trading fees can be a significant barrier to entry for new traders, making it difficult for them to decide to try out a new project.

However, at Bitfinex, we plan to reduce trading fees for all newly listed tokens for six months to create opportunities for customers to experiment with new projects and make trading on Bitfinex more affordable.

Now, Bitfinex customers can trade newly listed tokens like CryptoGPT (GPT), Onomy (NOM), Wrapped Minima (WMINIMA), Toncoin (TON), Lido (LDO), Prema (PRMX), Bitgert (BRISE) and Arbitrum (ARB) with lowered fees, paying 0 bps for makers and 4 bps for takers on certain spot trading pairs. These changes allow traders to increase the number of trades they make without worrying about the high costs of trading fees.

The following order execution fees replace the standard order execution fees for each token pair listed below. These trading fees will apply for a period of six months from the date that the trading opened for that pair.

The duration over which the above-noted order execution fees apply is subject to change. Please check this table to confirm what trading fees apply.

Note: The Unus Sed LEO fee discount does not apply to these order execution fees.

All fees for services provided by Bitfinex can be seen on the Fees page, which displays the fees associated with trading on Bitfinex.

Those customers who are interested in trading other tokens can also pay lower fees using a variety of methods. These include increasing your trading volume to benefit from lower fee tiers; holding Bitfinex’s exchange token, $LEO, to benefit from discounts; taking advantage of the Developers’ Reward or participating in the Bitfinex Affiliate Program, which allows you to not only have a discount on trading costs but also earn fees from up to three levels of connection within your network through a commission-based structure. Learn more about all the ways you can pay reduced fees on Bitfinex here.

Important Notes:

This post is not an offer to sell or the solicitation of an offer to buy CryptoGPT (GPT), Onomy (NOM), Wrapped Minima (WMINIMA), Toncoin (TON), Lido (LDO), Prema (PRMX), Bitgert (BRISE) and Arbitrum (ARB), Unus Sed LEO (LEO) or any other cryptocurrency.  Any purchase or sale of any cryptocurrency on Bitfinex will occur solely pursuant to the Terms of Use for Bitfinex at https://www.bitfinex.com/legal/exchange/terms?refcode=0bC4Lljc.

Forward-Looking Statements

Certain statements in this announcement may be forward-looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Bitfinex nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The post appeared first on Bitfinex blog.

Popular news

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 more tags

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2024 Copyright by Cryptohopper™ - All rights reserved.