Quote from: Edraket31 on October 16, 2019, 12:30:09 PM

Quote from: glendall on October 16, 2019, 07:09:08 AM

Quote from: pawanjain on October 10, 2019, 05:00:19 PM

Most of the exchanges have a minimal trading fees of about 0.25%
I see many people discussing trading fees here and there and that how high the trading fees is.
Does 0.25% really make a huge difference if you are earning at least more than 2% ?

of course it is a problem, especially for whales that conduct daily trading by looking for small profits like 3% -5%, and of course this is a big problem because they once traded spending hundreds of thousands of USD.
That is why there is always an exchange that gives a VIP account to whales, so trading fee will be cheaper.

I am also trading sometimes, when I do have time, so I am also considering the trading fee, and perfect for me is Binance and BitForex, those platforms have great trading fee, and also I am checking the convenient, I am considering the user friendly exchange which I have seen there. If trading fee doesn't matter, then it will be hard for traders to take profit and trade.

If you are a small investor, the transaction fee is not really a problem that you have to worry because that fee will not help you to earn high profits from this market. In fact, if you make 1% of your daily profit then you are profitable and most of the major exchanges only charge fees between 0.05% and 0.2% so there won't be too many big problems in investing.

I personally only use Binance exchange to trade because fee at this exchange is really very cheap for all participants investing here.