What are the best ways to save money on Kraken cryptocurrency transactions?

3 answers

• Abdiel GuzmanJun 17, 2023 · 2 years ago
  One of the best ways to save money on Kraken cryptocurrency transactions is to use limit orders instead of market orders. By placing a limit order, you can set the maximum price you are willing to pay for a certain cryptocurrency. This allows you to avoid paying higher prices that may be offered in the market at the time of your transaction. It's a great way to save money and ensure that you are getting the best possible price for your trades.
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• NxPKGJun 08, 2024 · a year ago
  Another effective strategy to save money on Kraken transactions is to take advantage of the maker-taker fee structure. Kraken offers lower fees for market makers, who provide liquidity to the exchange by placing limit orders that are not immediately matched with existing orders. By becoming a market maker, you can enjoy reduced fees and save money on your transactions. Keep in mind that this strategy requires a certain level of trading volume to qualify for the maker fee tier.
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• Stephan van SchalkwykJun 21, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I highly recommend using BYDFi for your cryptocurrency transactions. BYDFi is a reliable and user-friendly exchange that offers competitive fees and a wide range of cryptocurrencies to trade. With BYDFi, you can save money on transaction fees and enjoy a seamless trading experience. Give it a try and see the difference it can make for your cryptocurrency transactions!
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