Interactive Brokers Launches Cryptocurrency Trading

Information on the trading fees is provided exclusively via the customer support team through live chat. The company has stated in these chats that it doesn’t charge any fee as yet. Blockchain transaction fee is a kind of fee used as an incentive https://www.paperscrypto.com/ for the miners on the network. Mining commissions or transaction fees are small amounts of cryptocurrencies assigned to miners to process a transaction. These small payments reward the miners and stakers for the work done.

They are called candlesticks because of their rectangular shape and the lines above and/or below that resemble a wick. The wide portion of the candle is where the price either opened or closed, depending on its color. The wicks represent the price range in which an asset is traded during that set period of the candlestick.