Ed Seykota said “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”
Cryptocurrency exchange COSS is launching a new trading fee structure on 18th September, 2019 at 14.00 GMT. Before talking about best trading fee offered by COSS, let's know about, what is trading and trading fee?
What is Trading?
Crypto trading is simply the exchange of cryptocurrencies where someone buys cryptocurrency and other one sell it. You can trade a cryptocurrency from fiat currencies or buy & sell a cryptocurrency from another cryptocurrency. You need a cryptocurrency exchange to trade cryptocurrency.
Trading Fee
If you are a cryptocurrency trader, you definitely know that trading cryptocurrency involves trading fee. This fee is charged as a blockchain network fee, fiat deposits and withdrawals (If exchange allow it) fee and a lot of trading fee. If you do not choose a perfect cryptocurrency exchange, you will pay a lot as trading fee.
There are two types of fees in crypocurrency trading.
1. Exchange Fees
2. Network Fees
Exchange Fees - Cryptocurrency exchanges are charging a fee on every trade that is made on their platform. Cryptocurrency exchanges also charging for withdrawals.
Any trade always takes one of two forms: Maker & Taker. A maker is a trader who creates a new trade on an exchange and open a trading opportunity for other traders. A taker is a trader that matches a maker’s trade. Thus the order results in the execution of a successful trade with a maker.
Exchanges charge a fee per trade for makers and takers both. Some exchanges charge a slightly lower fee to the maker to provide trading opportunities.
Network Fee - Network fees, also known as gas, are the second type of fees when trading crypto on decentralized exchanges.
COSS exchange is launching the most profitable and the best crypto trading fees in the world for all traders.
COSS offers -
1. 0% maker fees for all traders
2. Negative maker fees for all traders with a trading volume of above US$ 5000
3. 50% of all trading fees generated on COSS shared daily with COS holders in ETH & COS
4. 25% discount on all applicable fees when paid with COS token
5. 0% deposit fees on fiat transfers with support for USD, EUR, GBP, HKD and JPY
On COSS, every trader pays 0% fees for all orders placed in the order book. If you trade frequently, COSS even pays a percentage of the fees to you.
Do you think, New trading fee structure will change cryptocurrency trading world?
