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Discover crypto trading fees, rebates, and cashback programs and how to save on fees and earn rebates through the Coincu’s Cashback Trading Code. Overview of Trading Fees in Crypto Exchanges A trading fee is also known as a transaction or commission fee that many crypto exchanges charge for making a trade, sell, or exchange of cryptocurrencies. There are basically some structures based on what these fees are put on: Maker and Taker Fees: In the native order book model, liquidity is added with an order, and the participant is considered a ‘maker’; it is removed by an executed order, with the participant as a ‘taker’. Some exchanges may charge makers less to promote liquidity. Flat Percentage Fees: Some exchanges charge the same percentage fee for every single transaction, regardless of what kind of order is being placed. The fee may be somewhere between 0.1% and 1% or even higher, depending on the exchange. Tiered Fees: Many exchanges already have a tiered fee structure, meaning the higher your trading volume, the lower your fees. Tiered fees are designed to encourage high-volume trading. Crypto exchanges like Binance and KuCoin adjust trading fees based on factors like trading volume, account tier, and token usage. Binance’s standard spot trading fees are 0.10% for makers and takers, with a 25% discount for Binance Coin (BNB) payments. Source: Binance They also offer a tiered VIP system for further discounts. KuCoin’s standard spot trading fees are also 0.10% for both parties. Holding KuCoin Shares (KCS) can provide up to a 20% discount. They also employ a tiered fee structure. Source: KuCoin Understanding Rebates on Trading Fees A rebate under cryptocurrency trading is a financial incentive that the exchange offers in order to induce some type of desirable trading behavior. They are usually given to those traders who…

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Filed under: News - @ June 11, 2024 8:16 pm