How can I trade crypto on Binance US with low fees?
BBillerDec 18, 2021 · 3 years ago3 answers
I want to trade cryptocurrencies on Binance US, but I'm looking for ways to minimize the fees. What are some strategies or tips I can use to trade crypto on Binance US with low fees?
3 answers
- Dec 18, 2021 · 3 years agoOne way to trade crypto on Binance US with low fees is to use BNB (Binance Coin) to pay for your trading fees. By using BNB, you can get a discount on your trading fees. Make sure to enable the 'Use BNB for fees' option in your account settings. This can help you save on fees and increase your overall trading profitability.
- Dec 18, 2021 · 3 years agoTo trade crypto on Binance US with low fees, you can also consider using limit orders instead of market orders. Market orders may incur higher fees, especially for larger trades. By using limit orders, you can set the price at which you want to buy or sell, and potentially save on fees. However, keep in mind that limit orders may not be executed immediately if the market price does not reach your specified price.
- Dec 18, 2021 · 3 years agoAnother option to trade crypto on Binance US with low fees is to use a third-party platform like BYDFi. BYDFi offers competitive trading fees and a user-friendly interface. You can connect your Binance US account to BYDFi and enjoy low fees while trading cryptocurrencies. It's a great option for traders looking to optimize their trading experience and minimize fees.
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