How do Winiford's trading fee structures work?
Asked 4 years ago
Hey, I'm currently using Forex, and I'm looking into Winiford. What fees does the cryptocurrency trading platform have, and how do they work? Thanks.
Andia Rispah Igobwa
Monday, July 12, 2021
You'll want to consider the transaction fee tokens. For example, in Bitcoin or Ethereum you only need a miner’s fee, which is what will let computers confirm your transaction and prevent it from fraudulently proliferating.
However, if you're looking into trading coins with certain trade restrictions such as Ripple (XRP), you will need a miner's fee and an exchange fee for every buy order.
Now as far as how they work and how they are similar to other types of trades goes - crypto trading platforms basically work the same way other types do: at preset intervals throughout the day there can be times where one cryptocurrency is priced higher than its counterpart.
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