What are the fees associated with P2P trading on Binance?

3 answers

• Nov 26, 2021 · 3 years ago
  When it comes to P2P trading on Binance, there are a few fees that you should be aware of. First, there is a trading fee, which is charged when you buy or sell cryptocurrencies on the platform. The trading fee is usually a small percentage of the transaction amount and can vary depending on the specific cryptocurrency being traded. Additionally, there may be a network fee, which is charged for processing the transaction on the blockchain network. This fee is typically paid to the miners who validate and confirm the transactions. It's important to note that the network fee is not set by Binance but is determined by the blockchain network itself. Lastly, there may be withdrawal fees if you decide to transfer your cryptocurrencies from your Binance account to an external wallet. These fees can also vary depending on the cryptocurrency and the network it operates on. It's always a good idea to check the fee schedule on Binance's website for the most up-to-date information.
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• Nov 26, 2021 · 3 years ago
  Ah, the fees associated with P2P trading on Binance. Let me break it down for you. First, you've got the trading fee. This is a small percentage of the transaction amount that you'll have to pay when you buy or sell cryptocurrencies on Binance. The exact fee depends on the specific cryptocurrency you're trading. Then, there's the network fee. This fee is paid to the miners who process and validate the transactions on the blockchain network. Binance doesn't set this fee, it's determined by the network itself. Finally, if you want to withdraw your cryptocurrencies from Binance to an external wallet, there may be withdrawal fees involved. These fees can vary depending on the cryptocurrency and the network it operates on. Make sure to check Binance's website for the latest fee schedule.
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• Nov 26, 2021 · 3 years ago
  When it comes to P2P trading on Binance, there are a few fees you should keep in mind. First, there's the trading fee. This fee is charged when you buy or sell cryptocurrencies on the platform and is usually a small percentage of the transaction amount. The exact fee depends on the specific cryptocurrency being traded. Then, there's the network fee. This fee is paid to the miners who process and validate the transactions on the blockchain network. Binance doesn't control this fee, as it's determined by the network itself. Lastly, if you decide to withdraw your cryptocurrencies from Binance to an external wallet, there may be withdrawal fees involved. These fees can vary depending on the cryptocurrency and the network it operates on. Keep in mind that fees can change over time, so it's always a good idea to check Binance's website for the most up-to-date information.
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