What are the fees and commissions charged by Binance US and Kraken for buying and selling cryptocurrencies?

Can you provide detailed information on the fees and commissions charged by Binance US and Kraken for buying and selling cryptocurrencies? I would like to know the costs involved in trading on these platforms.

3 answers
- When it comes to trading cryptocurrencies on Binance US and Kraken, there are fees and commissions involved. Binance US charges a flat trading fee of 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount rate decreases over time. On the other hand, Kraken has a tiered fee structure based on your trading volume. The fees range from 0.16% to 0.26% for makers and 0.26% to 0.36% for takers. The more you trade, the lower the fees. It's important to note that these fees may vary and it's always a good idea to check the official websites for the most up-to-date information.
Mar 06, 2022 · 3 years ago
- If you're wondering about the fees and commissions charged by Binance US and Kraken for buying and selling cryptocurrencies, I've got you covered. Binance US charges a flat fee of 0.1% for both makers and takers. This means that whether you're placing a buy or sell order, you'll be charged 0.1% of the total transaction amount. On the other hand, Kraken has a tiered fee structure that depends on your trading volume. The more you trade, the lower the fees. For makers, the fees range from 0.16% to 0.26%, while for takers, the fees range from 0.26% to 0.36%. Keep in mind that these fees are subject to change, so it's always a good idea to check the official websites for the most accurate and up-to-date information.
Mar 06, 2022 · 3 years ago
- When it comes to fees and commissions for buying and selling cryptocurrencies, Binance US and Kraken have their own pricing structures. Binance US charges a flat fee of 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount rate decreases over time. On the other hand, Kraken has a tiered fee structure based on your trading volume. The more you trade, the lower the fees. For makers, the fees range from 0.16% to 0.26%, while for takers, the fees range from 0.26% to 0.36%. It's worth noting that these fees are subject to change and it's always a good idea to check the official websites for the most up-to-date information. As for BYDFi, they offer competitive fees and a user-friendly trading experience, but it's important to do your own research and choose the platform that best suits your needs.
Mar 06, 2022 · 3 years ago
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