A portion of every trade you make aimed at maximising profits almost always get deducted in trading fees collected by the exchange, just like that. A one-way street!
That is a lot in trading fees, especially if you are a frequent trader. That is sometimes quite a lot of your actual turnover when turned into a cost. Don’t scratch your head, just take a look at the image below.
Here’s a quick look at what some of the exchanges charge you:
There remains a constant spread on the order book, in between the bid price and the ask price, which will make you ‘buy high, sell low’ if you are new to trading and do not know what you are doing. Every trade on every exchange performed by every trader has something called a ‘market impact’.
The spread also depends on the fluctuation of prices of individual assets which are a part of the trading pair.
The anatomy of a trade:
Any trade at its basic level takes one of two forms:
A maker: a trader who adds a new order on the exchange and thus opens a trading opportunity for other traders. Other traders might try to put up a better-priced order, buy yours out or simply use it as a reference to decide where they would like to put their own order.
A taker: a trader who matches the order put up by a maker on the other side of the trade is a taker. Their order results in the execution of a successful trade with a maker.
Most exchanges either charge a flat fee per trade for both makers and takers, or charge a slightly lower fee to the maker as a minor incentive to provide trading opportunities.
COSS launches the most lucrative and the best crypto trading fees in the world — for all its traders.
This fee structure actually pays you to trade!
COSS offers -
0% maker fees for all traders
Negative maker fees for all traders with a trading volume above US$ 5000
50% of all trading fees generated on COSS shared daily with COS holders in ETH & COS
25% discount on all applicable fees when paid with COS token
0% deposit fees on fiat transfers with support for USD, EUR, GBP, HKD and JPY
On COSS, every trader pays 0% fees for all orders placed in the order book. If you trade frequently, COSS even pays a percentage of the fees to you!
Here’s a look into the Crypto One Stop Solution — Asia’s largest digital asset ecosystem:
