What are the fees and commissions on Binance and FTX for trading digital currencies?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! When it comes to trading digital currencies on Binance, the fees you'll encounter depend on whether you're a maker or a taker. Makers, who provide liquidity to the market by placing limit orders, enjoy lower fees ranging from 0.02% to 0.10% per trade. Takers, on the other hand, pay slightly higher fees ranging from 0.04% to 0.10% per trade. Binance also offers a VIP program with additional fee discounts based on your trading volume and BNB holdings. It's worth noting that Binance occasionally offers promotions with reduced fees, so keep an eye out for those as well!
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• Dec 19, 2021 · 3 years ago
  The fees and commissions on FTX for trading digital currencies are structured differently. FTX charges a flat fee of 0.07% per trade for both makers and takers. However, if you hold FTT, the native token of FTX, you can enjoy fee discounts and even negative fees for certain trading pairs. FTX also offers a VIP program with additional benefits, including reduced fees and priority customer support. It's important to note that FTX has a separate fee structure for futures trading, so make sure to check their website for more details if you're interested in trading futures.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, also offers competitive fees for trading digital currencies. The fees on BYDFi are determined by the liquidity providers and can vary depending on the trading pair. However, BYDFi prides itself on low fees and transparent pricing. You can find the specific fees for each trading pair on their website. BYDFi also offers staking opportunities with additional rewards for holding their native token. If you're looking for a decentralized exchange with low fees and a wide range of digital currencies, BYDFi is definitely worth considering!
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