Discuss ForexOptimum.com

[Notati]

Even on crypto-exchanges, traders are subject to a commission and spread. What are you complaining about then?

 

[Anthony23]

In absolute figures, what is the difference in the size of the commission now? Spreads are so visible at first glance, and each exchange has its own commission, as I know.

 

[Notati]

For exchanges, the average commission is about 0.2%. On some exchanges, the commission for selling cryptocurrency may be less, but this requires huge turnover, about a million dollars a month.

 

[Boyd35]

In fact, the commission may even be zero, as on the bitfinex exchange. Everything is logical. If you sell a lot of crypto you don't pay ****. The disadvantage is that the commission is calculated based on the results of trading after a month, and not immediately after a major transaction, for example.

 

[Notati]

Zero commissions are designed for those who sell crypto for 7.5 million, or buy it for 10 billion. How do you like the numbers? Actually why waste time on something that we have no chance getting, I don't really understand.

 

[Boyd35]

Why are people so pessimistic? You need to believe in yourself) Set high goals and probably at some point you will get close to them.

 

[Notati]

You're right. You just don't count the difficulties in. On bitfinex, for example, you need to have an amount of fiat money equal to 10,000 USD just in order to complete verification. What is there to say? The world is easier for those who can afford to deposit this sum just for verification.

 

[Doctor911]

You have the wrong information. Nobody asked me for any money when I registered my account on bitfinex. And I know a lot of people trading there who don't have much money.

 

[Boyd35]

Bitfinex has different forms of verification. You don't need bank statements to trade crypto or large sums of money to get verified. But if you plan to regularly deposit and withdraw dollars or other hard currency, then you need it.

 

[Notati]

Yeah, right. I also don't like their commissions. It's mall, only 0.1%, but with a minimum amount at 60 bucks. That means that the commission is always higher or equal to 60 bucks for input and output, there's no difference. This is a pretty cool appetite, so to say! What do we get in return? Access to thousands of unclaimed coins and no margin trading.