sepota
Posts: 1
Joined: Fri Jan 15, 2021 5:19 pm

Fees for trading bitcoin? How to lower them?

Fri Jan 15, 2021 5:23 pm

Hi

I m a beginner in the bitcoin field and was wandering, I d like to trade with an API, automated, lot of transactions per day, I did run some simulation and the model is not profitable with the current fees per transaction (0,01% per say). I m curious, is there a way to do a lot of transaction at a flat rate per month let said, not on a per transaction basis?

Thanks

Seb

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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 483
Joined: Wed Jan 13, 2021 10:19 am

Re: Fees for trading bitcoin? How to lower them?

Sat Jan 16, 2021 8:56 am

If you're trading back and forth BTC<->altcoin, you're probably losing more due to deposit fee, exchange fee, withdraw fee, exchange fee, and withdraw fee again.

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