News for hackers. Stuff that matters.

A comment on Federal Court Orders BitMEX to Pay $100M over Illegal Crypto Trading. Parent comment

Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by fighterpilot on Tuesday August 10, 2021 @09:20PM (#28136810)
Those are pretty large fees.
[ Parent | on HN ]
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by noitsnot on Tuesday August 10, 2021 @09:23PM (#28136825)
Give me a better option without suggesting Robinhood. Kraken is double and Coinbase Pro is x7. I'm U.S. based.
[ Parent | on HN ]
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by dkersten on Tuesday August 10, 2021 @09:30PM (#28136873)
Bybit? Their derivatives fees are 0.075% for takers just like Binance (and maker is -0.025%). Spot trading is 0.1% (and 0% maker fees).

https://help.bybit.com/hc/en-us/articles/360039261154

[ Parent | on HN ]
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by fighterpilot on Tuesday August 10, 2021 @09:32PM (#28136887)
Bybit and Bitmex are both better unless they're trading more than 5 million volume per month.

Ok, Huobi and FTX are competitive and you can negotiate with them.

And all of the above are obscenely expensive relative to legacy exchanges.

[ Parent | on HN ]
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by jkhdigital on Tuesday August 10, 2021 @11:05PM (#28137457)
LedgerX is CFTC licensed and offers BTC and ETH options and futures: https://www.ledgerx.com/

You can buy daily BTC/ETH which is delivered at 4pm, and the fee is a flat $5 per coin (so ~0.01% at the current BTC price). BTC is traded in 0.01 increments and ETH in 0.1 increments.

Caveat is that only wire deposits are accepted, so the wire fees plus network fees (if you withdraw your coins) can raise this cost substantially if you only trade small amounts.

[ Parent | on HN ]