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TagsWhat are the fees for converting USD to Bitcoin on Binance?
James MerrymanDec 15, 2021 · 3 years ago1 answersCan you please provide me with the details about the fees associated with converting USD to Bitcoin on Binance? I would like to know the charges involved in this process.
1 answers
- When it comes to converting USD to Bitcoin on Binance, there are a few fees involved. The trading fee is a percentage of the total transaction amount and can range from 0.1% to 0.2%. This fee depends on your trading volume. Additionally, there might be a deposit fee if you are depositing USD into your Binance account. The deposit fee varies based on the payment method you choose. It's worth noting that Binance offers a fee discount if you use their native cryptocurrency, BNB, to pay for fees. This discount can be as high as 25%. Overall, Binance's fees for converting USD to Bitcoin are competitive compared to other exchanges in the market.Dec 15, 2021 · 3 years ago
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