Exchange fees guide for newcomers

Time to face the fact that cryptocurrency is here to stay. Shops, restaurants and even countries accept crypto now and treat it like a part of daily financial routine. Even despite this fact, it takes certain courage for some people to start cryptocurrency trading and meet a new and sometimes complicated world of crypto.If you are ready to purchase your first cryptocurrency, it is time to think of a generous exchange platform with humble fees and big discounts.

Let’s imagine that you have found an ideal exchange, checked all the documents and reviews and sure that it is no scam, it is time to check how much the platform charges for transactions. Every exchange has a fee section where charges for deposit, withdrawal and margin trading are described. And do not forget about the maker and taker fees.

Maker is someone who ensures liquidity on the market by placing limit orders. Usually, maker is offered with a lower fee. Taker, on the other side, is someone who takes liquidity off the market by placing orders at the market price, which are getting filled at once. Therefore takers are charged with greater fee. Be sure to check the fees before trading to avoid unpleasant surprises. Start trading only if the fees are suitable for you!

Speaking of suitable fees, Binapex is a cryptocurrency exchange with attractive fees. This exchange supports its users and offers personal reduced rates for those, who achieved certain trading volumes in their monthly trading.  Also Binapex provides rather lucrative opportunities for token and coin listing. The price is quite pleasant and in case if listing application is declined, a full refund is guaranteed.

We highly recommend spending some time and familiarizing with fees and special offers of the exchange you are planning to join.

 

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