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Showing 20 of 44 results by ziggystar1
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 18/03/2022, 11:56:01 UTC
According to this article

This is how fees for a BTCUSD long position will be charged

https://i.imgur.com/Wcuu8KN.png

Opening a $10,000 long position (I hope this is your total position size when the 5x leverage is taken into account) using limit order (Market maker) will mean you will be charged 0.16% if your trading volume was zero for the last 30 days

$10,000 * (0.16 / 100) = $16

Since opening a position with this order, you are also going to be charged the opening fee. According to the margin fees as listed for the BTC/USD market shown in the image I shared above, this fee is set at 0.01% and can be calculated for your order as follows:

$10,000 * (0.01 / 100) = $1

This means the total fees for the order (initial trade costs and the costs for opening the position) will be $17

Since this position will be open for some time, a rollover fee of 0.01% is charged every four hours. So for a position open for 74 hours, the rollover fee will be charged (74 / 4) = 18.5 which is 18 times since the order will be closed before the 19th time.

$10,000 * (0.01 / 100) * 18 = $18

So on closing the position after 74 hours at the same price. The trade fees for the closing order which is a market order (Taker) charged at 0.26% will be
$10,000 * (0.26 / 100) = $26

The total fees for opening the position, maintaining the position for 74 hours and closing the position will be ($16 + $1 + $18 + $26) = $61.

Please read. All the information is there online
1. https://support.kraken.com/hc/en-us/articles/360000526126
2. https://support.kraken.com/hc/en-us/articles/201893638
3. https://support.kraken.com/hc/en-us/articles/206161568


HI Logfiles

I was looking at it again I Know pretty sad of me lol but the 74 Hours every 4 hrs 18.5 times.  How do you arrive at the only 18 times as it will be closed after this.  This is the little bit my small brain is struggling with.  Thanks Again!
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 19:03:51 UTC
Hi Thank you that is a great detailed answer and makes it very clear for me thank you for taking the time to look at it in depth and answer it for me.  Much appreciated!!!!!
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 17:59:41 UTC
Hi It is more a theoretical Question no exact start date and time.

1 days has 24 hours so you get charged 0.01% every 4 hours.
6 * 4 = 24
6 * 0.01% = 0.06% a day

So if you had a 10k$ position you will pay 0.06% a day or 6 dollars a day.

That's Kraken's fee. You also pay a fee depending on the current funding rate a coin has, you can check funding rates here: https://www.coinglass.com/FundingRate

Hi Thank you that is most helpful so it would be 6 dollars a day regardless of the position if it was 1k or 10k ?
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 17:23:34 UTC
Hi It is more a theoretical Question no exact start date and time.
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 17:01:55 UTC
BTC/USD has an opening fee of 0.01% every 4 hours. You shouldn't pay anything when opening or closing a position other than the usual trade fee.

Hi Thank you for your reply can you tell me the total fees the position would have cost me with all the calculations?
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 09:54:47 UTC
I think your question can easily be addressed if you tell on what exchange you opened that position. The fee structure as mentioned by logfiles and jackg differs from different exchanges and afaik it depends as well on what level/tier you are in an specific platform - it varies.

Hi Thank you for replying to my question the Exchange I am using in the question is Kraken and they mentioned that Trading fees apply when opening *and* closing a position, on top of rollover fees)
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 09:53:21 UTC
Foremost, different exchange offer different trading fee structures. Some even offer rebates for limit type of orders (market makers). You didn't specify the exchange you are using.

Also, funding rates vary from exchange to exchange and contract, and they change every 8 hours. One can not predict the exact value of the upcoming funding rate.
This is how it looks like across different exchanges

https://i.imgur.com/revvRcR.png



Hi Thank you for getting back to me and offering that advice and screenshot the Exchange in question is Kraken and they also mentioned (Trading fees apply when opening *and* closing a position, on top of rollover fees)
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Board Trading Discussion
Re: Help With A Trading Question PLEASE
by
ziggystar1
on 17/03/2022, 09:51:06 UTC
The funding rate dynamically changes so it'd be difficult to predict imo. You've also not said what exchange your using.


If you're after a really rough estimate, I'd say 0.2-0.3% for the opening and closing of positions as well as that amount per day it's open - but this is just what I think I've seen in the past.


Hi Thank you for reading my post and trying to help me that is a good start the Exchange in question is Kraken they mentioned that Trading fees apply when opening *and* closing a position, on top of rollover fees)
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Board Trading Discussion
Topic OP
Help With A Trading Question PLEASE
by
ziggystar1
on 16/03/2022, 20:42:06 UTC

Hi Guys can anyone explain this question for me I would really appreciate your answers feed back please.

I made a trade(limit order buy) on an Exchange and now have a 10,000$ long open position on BTC/USD with 5x leverage.

If I close my position at the same price level with a market order after 74 hours, can you tell me the total fees the position would have cost me with all the calculations? assuming Trading fees apply when opening *and* closing a position, on top of rollover fees

HELP PLEASE  Grin Grin Grin Grin
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Board Trading Discussion
Topic OP
HELP with a difficult trading Question for a Job Assessment
by
ziggystar1
on 16/03/2022, 15:43:14 UTC
Hi Guys

I would really appreciate some help with a Trading Question its a Pre- Assessment question for a job.  If you can help with a reply of Dm me please.

I made my first ever trade(limit order buy) on Kraken and now have a 10,000$ long open position on BTC/USD with 5x leverage. If I close my position at the same price level with a market order after 74 hours, can you tell me the total fees the position would have cost me with all the calculations? (Hint: Trading fees apply when opening *and* closing a position, on top of rollover fees.

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Board Altcoin Discussion
Topic OP
How to Claim BSV Coin From a BCH Electron Wallet
by
ziggystar1
on 04/04/2019, 10:27:46 UTC
Hi I have an Electron Wallet that Bitcoin Cash has been in from before the November 2018 BSV fork, what would be the best way to claim the BSV coins from this.  Your help and input would be greatly appreciated.

 Smiley
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Board Bitcoin Technical Support
Re: Update Existing Electrum 2.9 Wallet to 3.3.4 Version maintaining the Bitcoin
by
ziggystar1
on 03/04/2019, 21:28:56 UTC
As long as you're sure you've got the correct seed phrase written down, and backupped the wallet files, not much could happen. (in reality, the seed phrase alone suffices, but it's never a bad idear to have a fallback).
Worst case scenario, you can restore your wallet from seed, or use the backupped wallet files...

But an upgrade like this should work out-of-the-box. If you're unsure, you can even download electrum on a clean, second pc and restore the wallet from seed without removing the original wallet from the original pc.

BTW: do verify the signature of any electrum binary you download, a lot of fake electrum download sites are popping up lately!


Thanks for your response sounds like Great advice thanks again. Smiley
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Topic OP
Update Existing Electrum 2.9 Wallet to 3.3.4 Version maintaining the Bitcoin
by
ziggystar1
on 03/04/2019, 13:47:26 UTC
Hi

I wanted to know if it is safe to Download the latest version of Electrum Wallet onto a Desktop that has a previous 2.9 Electrum wallet already on it with Bitcoin in it ?

And will it update the older version 2.9 Wallet to the newer 3.3.4 Version safely and reflect and transfer the Bitcoins in the older version to the updated 3.3.4 version ?

Any help with this would be great ? I have done this previously with a 2.9 Electrum Wallet with a small amount of bitcoin in it and the latest download updated the existing wallet fine and reflected the Bitcoin with in it without any problems, but just wanted to check the safety of this with you experts.

Smiley
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Board Altcoin Discussion
Re: Showing Electrum Private Key to Coinomi Wallet
by
ziggystar1
on 17/01/2018, 20:41:09 UTC
I have never compromised my sensitive data to this  exchange but giving away your private keys to any second person/party is not safe.
However if you need to claim bitcoin gold from your wallet, you should move your couns first to safe wallet and then you are free to do so.
You should not store coins in the wallet in future if you doubt or not feeling safe with coinomi


Hey thanks for that best to move the bitcoin then only thing annoys me is the transaction fees to move them 😫😫😫
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Board Altcoin Discussion
Showing Electrum Private Key to Coinomi Wallet
by
ziggystar1
on 16/01/2018, 12:46:33 UTC
Hi Guys

Has anyone showed the QR Code of their Bitcoin Electrum wallet to Coinomi to claim the Bitcoin Gold, what are the risks involved if you still have your bitcoin stored in the Electrum wallet? while showing it to Coinomi ?

My problem is if I have to move my Bitcoin to another address, to use my previous empty address at time of fork in order to claim the bitcoin gold its going to cost me quite a bit in transaction fees.

Anyone have any suggestions without having to move the bitcoin around or incur transaction fees to claim my bitcoin gold ?
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Board Bitcoin Discussion
exchanged 9.4 Bitcoin Gold to Bitcoin through Changelly on the Coinomi Wallet
by
ziggystar1
on 10/01/2018, 14:35:22 UTC
Hi I exchanged 9.4 Bitcoin Gold to Bitcoin through Changelly on the Coinomi Wallet on MONDAY 8th January 11:48 AM. The exchange has had over 300
confirmations but has came back as FAILED.

My Bitcoin Gold has not been received back it is WORTH over £1600 GBP now missing from my coinomi wallet account.  I have attached screenshots of the failed transaction and emailed them to Changelly with the Transaction ID.  I also emailed the same to Coinomi, Coinomi replied to say contact changelly as its their responsibility no reply yet from changelly.

I suspect changelly is just a scam.  Anything I can do to try and get my funds back ?

The Transaction ID IS    713d3a9b25a0b108d3e51a5e7b7f2faf78bd8ac0c4aaa039d6dedbdddc1c1746

Which can be viewed on the block chain explorer BTGexp.com

Any help with recovering funds would be great guys cant let changelly.com away with this.

PS IF ANYONES WONDERING WHY I POSTED DUPLICATE ON ALTCOIN DISCUSSION AND IN THE MAIN DISCUSSION, ITS BECAUSE ITS ABOUT BOTH BITCOIN GOLD AND BITCOIN, I THOUGHT ID POST HERE AS WELL AS I DIDNT GET A REPLY ON THE ALTCOIN DISCUSSION SECTION.
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Board Altcoin Discussion
Exhanged 9.4 BTG to Bitcoin Exchange Failed on Coinomi Changelly
by
ziggystar1
on 10/01/2018, 12:28:27 UTC
Hi I exchanged 9.4 Bitcoin Gold to Bitcoin through Changelly on the Coinomi Wallet on MONDAY 8th January 11:48 AM. The exchange has had over 300
confirmations but has came back as FAILED.

My Bitcoin Gold has not been received back that was over £1600 GBP missing from my coinomi wallet account I have attached screenshots of the failed transaction and emailed Changelly with screenshots and the Transaction ID also emailed Coinomi. Coinomi have replied to say contact changelly as its their responsibility no reply yet from changelly.

I suspect changelly is just a scam.  Anything I can do to try and get my funds back ?

The Transaction ID IS    713d3a9b25a0b108d3e51a5e7b7f2faf78bd8ac0c4aaa039d6dedbdddc1c1746

Which can be viewed on the block chain explorer BTGexp.com

Any help with recovering funds would be great guys cant let changelly.com away with this.
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Topic
Board Altcoin Discussion
Re: Claiming Bitcoin Gold From Mulitbit Private Key
by
ziggystar1
on 30/12/2017, 22:41:54 UTC
Thanks Guys I will try sweeping my Multibit Classic Private key into Coinomi to claim the BTG.

I moved My Bitcoin to Electrum after the Bitcoin Cash Hard Fork perhaps sweeping the private key from Multibit into Coinomi won't work to claim the BTG perhaps i will have to sweep the Electrum paraphrase into Coinomi in order to claim the BTG any ideas ?
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Board Altcoin Discussion
Claiming Bitcoin Gold From Mulitbit Private Key
by
ziggystar1
on 30/12/2017, 22:02:38 UTC
Hi I wanted to know if it is possible to claim BITCOIN GOLD from a Multi Bit Classic Private Key ?

When Claiming Bitcoin Cash I used my Multibit Classic private Key to sweep into Electron Wallet

Can the same process be done with Bitcoin Gold ?
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Topic
Board Bitcoin Discussion
Claiming Bitcoin Gold from Electrum Wallet
by
ziggystar1
on 21/12/2017, 12:24:32 UTC
Hi I had BTC in my Electrum Wallet before the Bitcoin Gold Hard Fork.

What is the most straight forward way to claim the Bitcoin Gold now without much disturbance.

Thanks guys.