Bitfinex trading charges

Q

qhead101

Newbie

Jan 12, 2017

26

1

• Dec 9, 2017

• #1

So im looking to do 10$ -15$ small trades on bitfinex mainly on small coins i wanted to know what the transaction charges will be . Im currently using IQ options at 10% of transaction is that good or bad(it looks bad thats why i wanted to try bitfinex) im sorry a total noob in trading . Any tips advice also accpted .
Thank you .

 

LostKing

Senior Member

Sep 3, 2013

860

299

• Dec 9, 2017

• #2

Man with that amount, you`ll be lucky at the best case make $0.01-$0.02 a day

 

Vapys

Power Member

Aug 17, 2016

772

512

• Dec 9, 2017

• #3

https://www.bitfinex.com/fees

https://support.bitfinex.com/hc/en-us/sections/203242965-Fees

 

Q

qhead101

Newbie

Jan 12, 2017

26

1

• Dec 10, 2017
• Thread Starter Thread Starter

• #4

LostKing said:

Man with that amount, you`ll be lucky at the best case make $0.01-$0.02 a day

Click to expand...

Im planning to gradually increase as i start getting a hang of it

 

SharpConversions

BANNED

Jun 30, 2015

128

16

• Dec 10, 2017

• #5

The fees will eventually destroy you, i'd wait till you get to at least 40 bucks or so

 

uchiha.jain

Regular Member

Sep 14, 2009

295

84

• Dec 10, 2017

• #6

The fee is % based, so amount doesn't matter. And if this is money you can afford to lose, it's a good idea to use it get your feet wet. This way when you're ready to trade with larger capital, you'll know what to expect.
Refer to Vapys's post for exact rates

 

thepicknik

Newbie

Dec 6, 2017

6

1

• Dec 11, 2017

• #7

10% Fees charges is insane, try to change your trader!

Good luck