Are there any fees associated with purchasing cryptocurrencies on Binance?

1 answers

• Jan 09, 2022 · 3 years ago
  Yes, there are fees associated with purchasing cryptocurrencies on Binance. Binance is known for its low trading fees, which are set at 0.1% for both market makers and takers. Market makers enjoy even lower fees if they have a high trading volume. Binance also offers a fee discount for users who hold Binance Coin (BNB) in their accounts. The discount starts at 25% and decreases over time. So, if you're planning to trade frequently on Binance, it's a good idea to consider holding some BNB to save on fees. Additionally, Binance charges withdrawal fees that vary depending on the cryptocurrency you're withdrawing. It's important to check the withdrawal fee for each specific cryptocurrency before making any transactions.
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