Hello folks, I’ve been using Kraken for buying and selling Bitcoin, and I’ve noticed that the fees are quite high. I’m getting charged around 1% for both buying and selling when trading amounts over 100€ worth of Bitcoin. Is this a normal fee structure, or could it be due to the fact that I funded my spot wallet through a SEPA transfer?
I also noticed that the sell fee has recently jumped to 5%. Does anyone know why the fees might be so high, and if there’s anything I can do to reduce them? 