Cryptocurrency Q&A What is fee tier?

What is fee tier?

CherryBlossomBloom CherryBlossomBloom Mon Sep 16 2024 | 7 answers 1153
Excuse me, could you clarify what exactly is meant by the term 'fee tier' in the context of cryptocurrency and finance? I'm interested in understanding how it applies to transactions and what factors influence an individual or institution's fee tier status. Additionally, I'm curious about the potential benefits or drawbacks of being assigned to a particular fee tier. Could you elaborate on these points in a concise manner? What is fee tier?

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