A new tool has been developed that lets traders and analysts know how much each exchange is charging for trading ETH, according to a blog post published Wednesday by the ETH-fees.co blog.
ETH is a popular cryptocurrency that can be traded on several different exchanges, including Poloniex, Polonietra, Bitfinex, and Bittrex.
It has been gaining traction as a hedge against the rise of other cryptocurrencies, such as Bitcoin and Ethereum, and is also seen as an investment vehicle for those looking to get rich fast.
ETH-fee.co analyzes each exchange’s fees and compares them to each other to determine which exchange is likely to be more profitable for traders.
The tool, called the Eth Fee Calculator, can be downloaded for free from the ETH website.
“For many investors, the cost of buying ETH has become prohibitively high,” the post reads.
“The most recent price of ETH fluctuated dramatically, which led to traders buying ETH more frequently than they otherwise would have, as they believed they would be able to recoup their investment in ETH by purchasing ETH from other exchanges.”
In a blog about the tool, ETH’s lead developer, David J. Miller, said it’s a “great way to keep tabs on the market,” while also offering “a convenient way for traders to get an idea of how much the current market price of a particular cryptocurrency will be in the future.”
ETH- Fees Calculator will show you the fees charged on all the major exchange platforms, as well as the fees that each exchange charges for each type of trading.
It will also provide a summary of the exchange’s ETH trading volume for the past three months.
For example, ETH-Fees Calculator shows that ETH is currently trading at around $0.08 per ETH on Polonies and $0 in Polonetras.
“This is great news for investors,” J.T. Miller wrote in the blog post.
“In addition to offering some insight on what ETH price might look like in the near future, the ETH Fee Calculator also provides a detailed breakdown of the fees each exchange pays for each trading transaction.”
Eth- Fees are calculated for each day.
To see how much ETH is being traded at the moment, you can look up the trading volume of the previous day by typing in the address that you want to look up.
The total volume of all ETH trades is shown at the bottom of the graph, as is the average price per ETH for the previous three months and the average fee for trading transactions.
For trading on Polons and Polonétras, the average fees are shown in parentheses next to each ETH-Price chart.
ETH will rise or fall in price based on the price of other currencies.
For instance, if ETH is trading at $0 per ETH, it could be trading above $0 on Polóniex.
On Poloni, it might be at $2 per ETH or less.
On Bitfinexes, it may be at less than $1 per ETH.
On Bittex, it can be anywhere from $0 to $10 per ETH in a day.
If you want a more comprehensive breakdown of how the market is currently performing, you could use ETH- Price charts to see which exchange has the highest or lowest average price for each asset.
You can also see how the price changes as prices rise or decline.
ETH Prices for trading on the past 3 months: ETH Price Chart on Polonties ETH Price chart on Polonetras ETH Price charts for trading in the past 2 months: BittEx and Polonetra Price charts on Polonais and Polons: Polonia and Polonaise ETH- Fee Calculator – ETH- Fees Chart on Bitfinexs: Bancor Price Chart: Bithumb Price Chart