How does Binance calculate the cost of day trading?

1 answers

• Dec 16, 2021 · 3 years ago
  To calculate the cost of day trading on Binance, you need to take into account a few factors. First, there's the trading fee, which is based on your trading volume and can range from 0.1% to 0.02%. The more you trade, the lower your fee percentage will be. Then, there's the withdrawal fee, which varies depending on the cryptocurrency you're withdrawing. It's important to note that Binance offers a discount on trading fees if you use their native token, BNB. By using BNB to pay for fees, you can get up to a 25% discount. Overall, the cost of day trading on Binance is influenced by your trading volume, the cryptocurrency you're trading, and whether or not you're using BNB to pay for fees.
  695348