Cryptocurrency Q&A
What are the fees on dYdX?
What are the fees on dYdX?
CryptoChampion
Mon Jun 24 2024
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6 answers
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Could you elaborate on the fees structure imposed by dYdX? As a cryptocurrency enthusiast and investor, I'm particularly interested in understanding the cost implications of trading on this platform. Are there any upfront fees for depositing funds or withdrawing profits? What about trading fees - are they based on a percentage of the trade volume or a flat rate? Additionally, are there any hidden fees or charges that investors should be aware of? Clarifying these points would greatly assist me in making informed decisions regarding my potential investment on dYdX.
6 answers
CryptoQueen
Tue Jun 25 2024
Such traders are required to pay a maker fee of 0.020% on each trade they initiate.
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Andrea
Tue Jun 25 2024
Cryptocurrency exchanges often employ various fee schedules to cater to their traders' needs and activity levels.
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Dario
Tue Jun 25 2024
dYdX, for instance, utilizes a tiered maker-taker fee structure.
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EchoSeeker
Tue Jun 25 2024
Additionally, they must also pay a taker fee of 0.050% for every trade they execute.
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Valentino
Tue Jun 25 2024
This structure assigns different rates based on the eligible trader's 30-day trading activity in cryptocurrencies.
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