Transaction fees

[Jamie07]

I read some announcement that some of the Exchanges increased their transaction fees.

[sky20]

Transection fee is one of the important issue now a days. It should be less to make more transaction. One the other hand we also know that transection fee is the earning source of any exchange. So if it would be reasonable then both sides will be benefited.

[Salauddin]

Transaction fees vary from company to company, but it is important to note that each company changes its fixed fee time interval so it can be said that the fixed fee varies from time to time. The transaction fee depends on the transaction in the market.

[labonikhatun]

The transaction fee will usually depend on the company we are dealing with but now most of the exchange sites have increased the transaction fees due to the rise in the price of cryptocurrencies. It is true that will change over time as the demand for cryptocurrencies increases transaction fees will decrease instead of high fees low fee exchange sites have high demand.

[Tutte]

honestly am so tired of eth and high transaction fees, this days transaction fees so high that it is difficult to make small transactions, I do have small transfer to make but the transaction fee is stopping me from doing so, unfortunately we can do anything about it, if you hold erc20 tokens then you must face this problem too.

[heyod hewow]

The transaction fee will usually depend on the company we are dealing with but now most of the exchange sites have increased the transaction fees due to the rise in the price of cryptocurrencies. It is true that will change over time as the demand for cryptocurrencies increases transaction fees will decrease instead of high fees low fee exchange sites have high demand.

If we are now talking about the eth platform and the erc20 standard tokens, so you do not expect a sharp decrease in commissions in the near future. Imho the transaction fee will remain very high for a very long time, because of the high popularity of DeFi-projects and their very high load on the eth platform.

[Joyjoyce0]

Well,  I don't think all exchanges can do without charging fees. They get funds to run the exchange through fees paid by users. However, some exchanges have fees on the high side.

[heyod hewow]

However, some exchanges have fees on the high side.

Well, usually they say "my game, my turf, my rules". )) Exchanges can charge fees as high as they see fit for their business and their internal policies. There are no laws or rules that would legitimize these things in the same way for all exchanges.

[hair]

Well,  I don't think all exchanges can do without charging fees. They get funds to run the exchange through fees paid by users. However, some exchanges have fees on the high side.

It is true that there is a definite withdrawal fee transaction of each exchange, while there are free trading fees.

[heyod hewow]

It is true that there is a definite withdrawal fee transaction of each exchange, while there are free trading fees.

I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.
All exchanges where I am registered ask trading fees everywhere, without exception.
But I understand there are a lot of exchanges and it is likely that somewhere there are some exchanges with zero trading fees.

[hair]

I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.

but on my local exchange no trading fees (market maker) FYI http://indodax.com

[heyod hewow]

I think you are mistaken about free trading fees. I personally have not seen any trade without trading fees on any exchange.

but on my local exchange no trading fees (market maker) FYI http://indodax.com

Then I wonder how does the exchange earn its living? It's well known the main income for exchange owners is trading fees. Probably the owners of that local exchange have some side sources of income. In general, I am confused as to why this exchange does not take trading fees from its users for their trades.

[hair]

Then I wonder how does the exchange earn its living? It's well known the main income for exchange owners is trading fees.

Maybe they get their main income from withdrawal fees or market taker trading fees.

Probably the owners of that local exchange have some side sources of income. In general, I am confused as to why this exchange does not take trading fees from its users for their trades.

FYI, Market Taker / Instant / Stop Order: method will be charged 0.3% fee of the number of transactions.

Market Maker / Limit: does not have to pay for the trading fee (0% fee) in buying and selling activity.

Source: https://help.indodax.com/bagaimana-rincian-fee-di-indodax-com/

[heyod hewow]

FYI, Market Taker / Instant / Stop Order: method will be charged 0.3% fee of the number of transactions.
Market Maker / Limit: does not have to pay for the trading fee (0% fee) in buying and selling activity.

Thanks for the detailed information. I see a fairly high trading fee is charged from the marker takers, thus exchange owners can compensate zero fee for the market makers.
For example, at Binance exchange, both makers and takers must pay 0.075% - 0.1% for a trade, is significantly less than 0.3% at FYI exchange.
Being a market taker at FYI exchange is pretty unprofitable. ))

[azmirihaque]

Really transfer fee is being a burden day by day. I always support transfer fees. It is one of the main sources of income of the exchangers. But it should be reasonable. Gradually this fee is increasing which is sometimes unrealistic.