Bitxfex – Popular Cryptocurrency Trading Platform

12.11.2022 Off By coins

Bitxfex is an exchange from the Seychelles. Of all the exchanges in our list there are a few more from the same place. The exchange was created by professionals using “advanced technologies” from the World Wide Web. According to the company, these new technologies are better than the outdated tech setups that are so common in the financial industry.

Go to Bitxfex .com

Bitxfex Withdrawal Fees

Another commission to consider before choosing an exchange to trade with is the withdrawal fee. Withdrawal fees are usually fixed (regardless of the number of cryptocurrency units withdrawn) and vary from cryptocurrency to cryptocurrency. The industry average withdrawal fee is about 0.00053 BTC for BTC withdrawals, according to our Q3 2021 Empirical Commission Study report.

Here at Bitxfex , you only need to pay network fees, which are the fees that miners receive for confirming transactions. The only commission in the form of a network fee makes the site very competitive.

Bitxfex Trading Fees

Many exchanges charge what we call taker commissions from takers and what we call maker commissions from makers. Takers are the people who remove liquidity from the order book by accepting orders already placed. Makers are the people who place those orders. The main alternative to such commissions are regular “fixed” commissions. Fixed commissions are commissions which are the same for takers and makers.

Like most derivatives exchanges, this exchange offers a special “maker discount. They charge a 0.06% commission on tokers and 0.02% on makers.

The commissions of 0.06% for takers and 0.02% for makers is a competitive and user-friendly trading commission model.

Bitxfex does not accept fiat currency deposits. This site only accepts bitcoin deposits. This means that new investors (i.e. investors without any previous crypto holdings) cannot trade here. In order to buy your first bitcoin, you will need what is known as an entry-level exchange, i.e. an exchange that accepts fiat currency deposits.

Go to Bitxfex .com