Are there any fees for canceling a P2P trade on Binance?
![avatar](https://download.bydfi.com/api-pic/images/avatars/hQGcq.png)
Can you tell me if there are any fees associated with canceling a peer-to-peer trade on Binance? I'm considering canceling a trade, but I want to know if there will be any charges involved.
![Are there any fees for canceling a P2P trade on Binance?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/92/f3aedee5f032f42ca634e6bb38275d00579707.jpg)
3 answers
- Yes, there are fees for canceling a P2P trade on Binance. When you cancel a trade, Binance charges a cancellation fee of 0.1% of the trade amount. This fee is deducted from the remaining balance in your Binance account. So, before canceling a trade, make sure to consider the fee and its impact on your overall trading strategy.
Feb 19, 2022 · 3 years ago
- Canceling a P2P trade on Binance does come with fees. The cancellation fee is 0.1% of the trade amount. It's important to keep this fee in mind when deciding whether to cancel a trade or not. Make sure to weigh the potential benefits of canceling against the cost of the fee.
Feb 19, 2022 · 3 years ago
- When it comes to canceling a P2P trade on Binance, there is indeed a fee involved. Binance charges a cancellation fee of 0.1% of the trade amount. This fee is designed to discourage frequent cancellations and ensure a smoother trading experience for all users. Keep in mind that this fee applies to both buyers and sellers, so it's important to factor it into your decision-making process.
Feb 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 78
What are the best digital currencies to invest in right now?
- 70
What is the future of blockchain technology?
- 49
What are the advantages of using cryptocurrency for online transactions?
- 47
How does cryptocurrency affect my tax return?
- 44
Are there any special tax rules for crypto investors?
- 30
How can I minimize my tax liability when dealing with cryptocurrencies?
- 29
How can I protect my digital assets from hackers?
- 23
What are the best practices for reporting cryptocurrency on my taxes?