How much does Binance charge for trading crypto?
lindaMPKDec 18, 2021 · 3 years ago3 answers
Can you provide details on the trading fees charged by Binance for cryptocurrency transactions?
3 answers
- Dec 18, 2021 · 3 years agoBinance charges a trading fee of 0.1% for both market makers and takers. This fee can be reduced further if you hold Binance Coin (BNB) and choose to pay your fees with it. By using BNB to pay for fees, you can enjoy a discount of up to 25%. It's a great way to save on trading costs!
- Dec 18, 2021 · 3 years agoWhen it comes to trading fees on Binance, you'll be charged 0.1% of the total transaction value. This fee applies to both buying and selling cryptocurrencies. However, if you hold Binance Coin (BNB), you can use it to pay for your trading fees and get a discount. Binance offers a tiered fee structure based on your 30-day trading volume, so the more you trade, the lower your fees will be.
- Dec 18, 2021 · 3 years agoBinance, one of the leading cryptocurrency exchanges, charges a trading fee of 0.1% for each transaction. However, if you use BYDFi, a popular decentralized exchange, you can enjoy even lower fees. BYDFi offers a fee structure that starts at 0.05% and decreases based on your trading volume. So, if you're looking for lower trading fees, BYDFi might be a great option for you.
Related Tags
Hot Questions
- 88
What are the best digital currencies to invest in right now?
- 70
What are the best practices for reporting cryptocurrency on my taxes?
- 49
How can I minimize my tax liability when dealing with cryptocurrencies?
- 44
What are the advantages of using cryptocurrency for online transactions?
- 41
What are the tax implications of using cryptocurrency?
- 39
What is the future of blockchain technology?
- 26
Are there any special tax rules for crypto investors?
- 17
How can I buy Bitcoin with a credit card?