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Hello biz. I think I know the answer to my question but I'd like verification.
When reading on these coin sites about their trading fees.
Example.
Order Execution
Executed in the last 30 days (USD Equivalent) Maker fees Taker fees
$0.00 or more traded 0.100% 0.200%
$500,000.00 or more traded 0.080% 0.200%
$1,000,000.00 or more traded 0.060% 0.200%
$2,500,000.00 or more traded 0.040% 0.200%
$5,000,000.00 or more traded 0.020% 0.200%
$7,500,000.00 or more traded 0.000% 0.200%
$10,000,000.00 or more traded 0.000% 0.180%
$15,000,000.00 or more traded 0.000% 0.160%
$20,000,000.00 or more traded 0.000% 0.140%
$25,000,000.00 or more traded 0.000% 0.120%
$30,000,000.00 or more traded 0.000% 0.100%
Now is the 0.200% equal to a 20% selling fee?
Or is it 0.2 of 1%
Ones seems really high, and one really low.
So I'm assuming it is 20% fee dropping down to 10% fee if you trade huge volume.
So if it is 20% then who the fuck trades these things because that is astronomical usury type fees. Or am I wrong and 0.2 is 1/5th of 1%, which I doubt.
Thanks for the help.
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>>1924979
Shouldn't you be in elementary school right now instead of posting on a Mongolian spear fishing board?
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>>1924979
These are fractions of a percent.
0.200% is not equal to 20%
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>>1925041
so when I read To convert a decimal to a percent, multiply the decimal by 100, then add on the % symbol.
It is not the same these sites are using?
So 0.2% on this site is 1/5h of 1%? not 20%?
Thank you.
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>>1924979
If it was 20% then people in the 10m bracket would be losing more than they could possibly pay.
>>
I'm assuming that you're used to trading stocks, yeah fees in crypto are really low which always amuses me when I see people bitching about "high fees"
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