QUESTION
What are the fees for trading on Kraken exchange?
ANSWER
The fees for trading on Kraken exchange vary depending on the type of trade and the trader's volume. Kraken charges a maker-taker fee schedule with volume incentives based on your activity in the past 30 days. For makers, fees range from 0% to 0.16%, while taker fees range from 0.10% to 0.26%. These fees decrease as the user's trading volume increases. Depositing fiat currency can incur fees depending on the method of deposit, but many cryptocurrency deposits are free except for the network fee associated with the blockchain. Withdrawal fees also apply and vary by currency. Margin opening and rollover fees may apply for traders who use leverage. For accurate and up-to-date information, it's important to refer to Kraken’s official website, as fee structures are subject to change based on market conditions and regulatory landscapes.
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