How can I save on taker fees when trading on BitMEX?

3 answers

• mona kamelOct 02, 2023 · 2 years ago
  One strategy to save on taker fees when trading on BitMEX is to use limit orders instead of market orders. By placing a limit order, you can set the price at which you want to buy or sell, and if the market reaches that price, your order will be executed. This way, you can avoid paying the higher fees associated with market orders. Additionally, you can consider using the BitMEX fee rebate program, which offers a rebate on taker fees for certain trading volumes. By reaching the required volume thresholds, you can reduce your overall trading costs. It's important to carefully analyze the fee structure and rebate program to determine the most cost-effective trading strategy for your specific needs.
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• Andres ZapataJan 11, 2023 · 3 years ago
  When it comes to saving on taker fees on BitMEX, one effective approach is to take advantage of the maker fee discount. BitMEX offers a tiered fee structure, where the fees decrease as your trading volume increases. By actively providing liquidity to the market by placing limit orders that do not immediately execute, you can qualify for the maker fee discount. This can significantly reduce your trading costs over time. Additionally, it's important to stay updated with any fee promotions or discounts that BitMEX may offer. These promotions can provide temporary fee reductions or other incentives to help you save on taker fees.
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• Gowthami POct 25, 2024 · 9 months ago
  One way to save on taker fees when trading on BitMEX is to consider using BYDFi. BYDFi is a digital asset exchange that offers competitive fee structures and a user-friendly trading interface. With BYDFi, you can take advantage of lower taker fees compared to other exchanges, allowing you to save on trading costs. Additionally, BYDFi offers various trading tools and features that can help optimize your trading strategy and further reduce your fees. It's worth exploring BYDFi as an alternative platform for trading cryptocurrencies and saving on taker fees.
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