12/7/2023 0 Comments Binance vs kraken 2021![]() Please let me know if you have any further questions.Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users more opportunities to trade cryptocurrencies. How to buy and sell cryptocurrencies and FX on Kraken Please note that different fees are applied when you are paying by credit card or doing instant conversions. Those calculation are based when you are using / with the standard order form. ![]() So let's say you want to buy/sell 1 BTC for $18000. The fees are applied based on your Tier and volume traded. I need to add that there no difference if you trade USD to BTC or the opposite. See our overview of trading fees for more details. This includes conditional orders that convert to a market order, such as a stop loss order and a take profit order. Taker OrdersĪ trade order gets the taker fee if the trade order is matched immediately against an order already on the order book, which removes liquidity.Īll market orders will execute immediately, and will be charged the taker fee. Maker fees start at 0.16% and can go as low as 0.00%. You can use the Post Limit Order option to ensure that your limit order will be charged the maker fee or be cancelled. Maker OrdersĪ trade order gets the maker fee if the trade order is not matched immediately against an order already on the order book, which adds liquidity. Maker and taker trade orders are charged different fees. ![]() The maker and taker model is a way to differentiate fees between trade orders that provide liquidity ("maker orders") and take away liquidity ("taker orders"). Our lowest trading tier is maker 0.16%/ taker 0.26%. Thanks so much for a very in-depth response, it is much appreciated! I will sing your praises to the heavens and back if you come back affirming those fees only (no over/under valuations). I'm new, and these things worry me and confuse me a bit (though you're a business) but I'd like to keep as much of my money as is absolutely possible. 16% of my BTC given as a fee, correct? Would you give me current market value of 18000 or would you have me buy it overvalued at something like 18075 like Coinbase? If I were to trade USD fiat at BTC market value of 18000, I would have. 26% of my USD fiat taken as a fee, correct? Would you give me current market value of 18000 or have me sell it undervalued at something like 17925 like Coinbase as well? If I were to trade BTC for USD fiat at BTC market value of 18000, I would have. If I could ask one more thing, just to fix it in my mind for certain and straight from the man, hypothetically speaking: Jeff, you've helped me out a ton here and I appreciate it. I do think people should go there and take at least $70 off of Coinbase's hands with an hour tops of video training though. The website is easier to use, but Kraken doesn't seem to be past my abilities. I see no reason to stay on Coinbase, at all. IF YOU SEE SPAM, USE REPORT LINK INSTEAD OF JUST DOWNVOTING Only specific/technical questions and answers that are relevant to beginners, no debating and opinions Altcoin questions and discussion are not allowed. r/BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs.īitcoin related Questions only. This subreddit allows open discussion where peer review occurs. Do not respond to strangers direct messaging you, as over 99% of these people are Scammers. Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions.
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