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TagsWhat are the fees associated with trading on Binance exchange?
Omer AnsariDec 26, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the fees associated with trading on the Binance exchange? I would like to know about the different types of fees, such as trading fees, withdrawal fees, and deposit fees. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available.
1 answers
- As an expert in the cryptocurrency industry, I can tell you that trading on Binance exchange comes with certain fees. The trading fees are based on a tiered structure, which means that the more you trade, the lower the fees you pay. The fees range from 0.1% to 0.02% per trade, depending on your trading volume over the past 30 days. Withdrawal fees vary for each cryptocurrency and are subject to change based on network conditions. Deposit fees are generally not charged by Binance, but you may incur fees when transferring funds from external wallets or exchanges. It's worth noting that Binance occasionally offers promotions and discounts on trading fees, so it's worth taking advantage of any ongoing promotions to save on fees.Dec 26, 2021 · 3 years ago
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