Cryptocurrency Q&A
What is the fee of BingX?
What is the fee of BingX?
BitcoinBaron
Tue Sep 10 2024
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7 answers
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Could you please elaborate on the fee structure of BingX? As a cryptocurrency trader, I'm interested in understanding the costs associated with using the platform for transactions and any other potential fees that I should be aware of. Are there any hidden charges that I should keep in mind while utilizing BingX's services? Additionally, does the fee structure vary based on the type of transaction or the size of the trade?
7 answers
Michele
Thu Sep 12 2024
In addition to these CORE trading fees, BingX may also offer discounted rates or fee rebates to high-volume traders or those who meet specific criteria. These incentives serve as a testament to the platform's commitment to fostering a vibrant and diverse trading community.
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amelia_martinez_engineer
Thu Sep 12 2024
BingX, a prominent platform in the cryptocurrency sphere, offers a diverse range of trading products, each with its unique fee structure. When it comes to spot trading, the platform maintains a straightforward approach, ensuring traders are well-informed about the associated costs.
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Stefano
Thu Sep 12 2024
Specifically, for spot trading on BingX, both market makers and takers are charged a flat fee of 0.1%. This uniform rate simplifies the trading process, allowing traders to focus on market trends and strategies rather than complex fee calculations.
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GangnamGlamourQueen
Thu Sep 12 2024
However, for those venturing into perpetual futures trading, BingX adopts a tiered fee system that incentivizes market making behavior. Market makers, who contribute liquidity to the market, enjoy a reduced fee of 0.0200%.
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NebulaPulse
Thu Sep 12 2024
Conversely, takers, who remove liquidity from the market by immediately accepting orders, face a slightly higher fee of 0.0500%. This fee structure encourages a balance between liquidity provision and demand, fostering a healthy and efficient trading environment.
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