Why does BitMEX charge me to buy on a take profit limit during shorts?

7 answers

• CocokiesJul 01, 2024 · a year ago
  When you use a take profit limit order to buy during a short position on BitMEX, you may be charged a fee because it is considered a market order. BitMEX charges fees for market orders to ensure fair and efficient trading. This fee helps to prevent market manipulation and maintain the integrity of the platform. It is important to note that the fee is not specific to take profit limit orders during shorts, but applies to all market orders on BitMEX.
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• Mr AlexJan 11, 2024 · 2 years ago
  BitMEX charges fees for market orders, including take profit limit orders during shorts, to cover the costs of maintaining the platform and providing liquidity. These fees help to ensure a fair and secure trading environment for all users. While fees may seem inconvenient, they are necessary for the smooth operation of the exchange.
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• Prithul ChaturvediJul 04, 2022 · 3 years ago
  When you place a take profit limit order to buy during a short position on BitMEX, you may be charged a fee. This fee is a standard practice on most cryptocurrency exchanges, including BitMEX. It helps to cover the costs of running the exchange and provides an incentive for market makers to provide liquidity. BitMEX charges fees to ensure a fair and efficient trading experience for all users.
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• denton6bursadispoliklinigiJul 02, 2022 · 3 years ago
  Using a take profit limit order to buy during a short position on BitMEX incurs a fee because it is considered a market order. Market orders are subject to fees on most exchanges, including BitMEX. These fees are necessary to maintain the exchange and provide a liquid market for traders. While fees may be an inconvenience, they are a standard part of trading on BitMEX and other exchanges.
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• Karan TyagiAug 08, 2022 · 3 years ago
  BitMEX charges fees for market orders, which include take profit limit orders during shorts. These fees are necessary to support the infrastructure and operations of the exchange. While fees may seem frustrating, they are a common practice in the cryptocurrency industry. It is important to consider the overall benefits of trading on BitMEX, such as its advanced trading features and high liquidity.
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• Dan-Roger BlomgrenJun 14, 2023 · 2 years ago
  When you use a take profit limit order to buy during a short position on BitMEX, you will be charged a fee. This fee helps to cover the costs of maintaining the exchange and providing a secure trading environment. While fees may be an inconvenience, they are a necessary aspect of trading on BitMEX and other cryptocurrency exchanges.
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• TimeindicatorJan 25, 2021 · 5 years ago
  BYDFi does not charge a fee for using a take profit limit order to buy during a short position. However, it is important to note that this answer specifically pertains to BitMEX. Other exchanges may have different fee structures and policies. It is always recommended to review the fee schedule of the specific exchange you are using to understand any potential charges.
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