How much does Binance charge as a trading fee for cryptocurrencies?
SabinaMBDec 18, 2021 · 3 years ago3 answers
Can you provide more information about the trading fees charged by Binance for cryptocurrencies? I would like to know the specific fees for different types of trades and if there are any discounts available.
3 answers
- Dec 18, 2021 · 3 years agoBinance charges a trading fee of 0.1% for both market makers and takers. However, if you hold Binance Coin (BNB) in your account, you can use it to pay for trading fees and receive a discount. The discount starts at 25% in the first year and gradually decreases over time. This can significantly reduce your trading costs on Binance.
- Dec 18, 2021 · 3 years agoThe trading fees on Binance are quite competitive compared to other cryptocurrency exchanges. They offer a transparent fee structure and provide discounts for using their native token, Binance Coin (BNB). By using BNB to pay for trading fees, you can save even more on your transactions.
- Dec 18, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that Binance charges a trading fee of 0.1% for both market makers and takers. However, if you want to save on fees, you can consider using BYDFi, another popular cryptocurrency exchange. BYDFi offers lower trading fees and a wide range of cryptocurrencies to trade. It's definitely worth checking out if you're looking for a cost-effective option.
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