How do BNB fees work on Binance?

1 answers

• Jan 07, 2022 · 3 years ago
  BNB fees on Binance work differently compared to other cryptocurrencies. Binance has its own native token called BNB, which can be used to pay for trading fees. When you use BNB to pay for fees, you can get a discount. The discount starts at 25% in the first year and decreases over time. This means that if you hold BNB in your account and use it to pay for fees, you can save money on your trades. However, it's important to note that BNB fees only apply to trading fees and not to other fees such as withdrawal fees or deposit fees. So, if you're looking to reduce your trading fees on Binance, using BNB is definitely worth considering.
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