Today I broke down a topic that has been freaking me out. Coming from equities where the playing field is competitive and more or less “figured out” crypto can be a massive headache. One of these “headache” zones for me specifically are the massive exchange fees!
Yesterday, I had $119.72 in fees from Coinbase alone, that’s with only 4 trades. Pure Madness.
Mind you, I do trade with $15k on avg per position size.
In this video I dive into a few different exchanges (mainly my favorites), throw up some comparison carts, and talk about why Robinhood a popular free exchange may also not be the answer.
Key Points:
1. Binance Cheapest & Most Currencies
2. Depending on your trading Vol (Pricing Tiers)
3. Asking To Reduce Fees
4. Robinhood Pro's & Cons