For the uninitiated market makers are those traders who place orders that cannot be immediately matched. Because of this, exchanges generally incentivize market makers by keeping the maker fee lower than the taker fee. The amount a user paid to buy it or was paid to sell it. They provide liquidity. Takers, meanwhile, New York City place orders that take liquidity from the order book. Spread fees are calculated based on the difference between the actual market price of a coin/token. Any exchange that does not have the maker/take fee structure usually charges spread fees.

The secret of Successful Crypto Trading Guide Book

There are no deposit fees, but there is a withdrawal fee that depends on the currency. We published a detailed KuCoin review earlier this year, which you might want to check out for a 360-degree view of what the platform has to offer. As of this writing, KuCoin supports more than 600 coins and tokens, as well as 51 fiat currencies. KuCoin is the world’s fifth largest cryptocurrency exchange by trading volume.

Some of the most common types of fees you may come across while trading crypto includes exchange fees, spread fees, deposit fees, withdrawal fees, network fees, staking fees, and so on. Cryptocurrency exchanges play the role of an intermediary between traders. The following is a rundown explaining each. In exchange for this service, they levy a fee from market makers and takers for all the trades done on their platform.

Additionally, it may also refer to the act of speculating on cryptocurrency price movements via a contract for difference (CFD) trading account. Or if you’re fuzzy on the concepts surrounding CFDs, we have a guide explaining crypto CFDs too. Unlike an “investment,” crypto trading is often more short-term, spanning weeks, days, hours, and even minutes. It is worthwhile to learn about the different types of crypto trading fees before setting on your quest to find the best platform offering free crypto trading. If you are new to crypto trading, check out BeInCrypto’s elaborate guide on a few easy strategies for beginners.