MultiversX Tracker is Live!

Fee Structure on Crypto Exchanges

All Cryptocurrencies

by COINS NEWS 89 Views

Hey everyone,

I am relatively new to the world of crypto but have been in the world of finance for quite some time. I write algorithms, and for the most part these have been for forex or stocks. This is my first algo for crypto.

I am now however working on an arbitrage bot for crypto. What I am trying to gauge is, what kind of fee structure is present on crypto exchanges, and if it makes the bot worhtwhile at all. In my calculations, I am taking into account roughly 0.5% of the purchase amount of the underlying coin/token as fees. Is this a reasonable assumption? Or should I bump this up/lower it? Would appreciate your input.

Thank you!

submitted by /u/DanDon_02
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments