What's cracking Crypto friends 
Recently I started to trade every day a little. I do this on Livecoin.
The thing is I don't know if I also lose on fee charges when the differance beteen buying and selling is little.
On LiveCoin you always pay 0.18% (It was 0.2) fee on trade (buy or sell).
This burns your little profits. I'm not sure but sometimes I think I lose more than I gain because of this d@mn commission.
So I was wondering:
- What's the best exchange to trade dailly?
- On what exchange do you guys trade and why?
- How to prevent the fee charges burning your profit when the difference is small between buying and selling?
Thanks.
Recently I started to trade every day a little. I do this on Livecoin.
The thing is I don't know if I also lose on fee charges when the differance beteen buying and selling is little.
On LiveCoin you always pay 0.18% (It was 0.2) fee on trade (buy or sell).
This burns your little profits. I'm not sure but sometimes I think I lose more than I gain because of this d@mn commission.
So I was wondering:
- What's the best exchange to trade dailly?
- On what exchange do you guys trade and why?
- How to prevent the fee charges burning your profit when the difference is small between buying and selling?
Thanks.
If you have a set amount that you trade with, you can figure out what the actual cost of the fee will be. You need to make sure that the sell is greater than the principle plus the fee. You can decide how much profit you need for it to be worth it and that amount or percentage plus the fee is how much higher you sell needs to be.
Exactly!
Are you trading as taker or as maker? So are you placing your orders in orderbook (maker), or are you actively matching orders that are already in the book (taker)?
There are some exchanges that have 0% or even rebate when you are maker.
Eg. at Hitbtc you get 0.01% when you are maker:
https://hitbtc.com/fees-and-limits
I think also cex.io has 0% maker fee, but they do not have much coins.
So this would be perfect if you are maker.
There are some exchanges that have 0% or even rebate when you are maker.
Eg. at Hitbtc you get 0.01% when you are maker:
https://hitbtc.com/fees-and-limits
I think also cex.io has 0% maker fee, but they do not have much coins.
So this would be perfect if you are maker.
By your definition I'm always the maker... Isn't that what most traders are?
Thanks!