What are the fees for trading coins on Binance?

4 answers

• Nov 24, 2021 · 3 years ago
  When it comes to trading coins on Binance, there are a few fees to keep in mind. Firstly, Binance charges a flat fee of 0.1% for both maker and taker trades. This means that whether you're placing an order that adds liquidity to the market (maker) or taking liquidity from the market (taker), you'll be charged the same fee. Additionally, Binance offers a VIP program that provides discounted trading fees for users who hold a certain amount of BNB (Binance Coin) in their account. The VIP levels range from 0 to 9, with higher levels offering lower trading fees. It's also worth noting that there may be withdrawal fees for transferring coins out of your Binance account, which vary depending on the specific coin. Overall, Binance's trading fees are competitive within the cryptocurrency exchange industry and the VIP program can provide additional savings for frequent traders.
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• Nov 24, 2021 · 3 years ago
  Trading coins on Binance comes with its own set of fees. For each trade you make, Binance charges a flat fee of 0.1% of the total trade amount. This fee is the same for both market makers and market takers. Market makers are those who place limit orders that are not immediately matched with an existing order on the order book, while market takers are those who place orders that are immediately matched with an existing order. Additionally, Binance offers a VIP program that allows users to enjoy lower trading fees based on their trading volume and BNB holdings. The VIP program has different levels, with higher levels offering lower fees. It's important to note that there may be additional fees for certain types of trades or services, such as margin trading or futures trading. Make sure to check Binance's fee schedule for the most up-to-date information.
  863288
• Nov 24, 2021 · 3 years ago
  When it comes to trading coins on Binance, the fees are quite straightforward. Binance charges a flat fee of 0.1% for both maker and taker trades. This means that regardless of whether you're adding liquidity to the market or taking liquidity from the market, you'll be charged the same fee. However, Binance also offers a VIP program that can provide discounted trading fees for users who hold a certain amount of BNB in their account. The VIP program has different levels, with higher levels offering lower fees. So, if you're a frequent trader, it might be worth considering the VIP program to save on trading fees. Additionally, it's important to note that there may be withdrawal fees for transferring coins out of your Binance account, which vary depending on the specific coin. Overall, Binance's fees are competitive and the VIP program can provide additional benefits.
  877220
• Nov 24, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a range of trading services, including trading coins on Binance. When it comes to fees, Binance charges a flat fee of 0.1% for both maker and taker trades. This means that regardless of whether you're adding liquidity to the market or taking liquidity from the market, you'll be charged the same fee. However, Binance also offers a VIP program that can provide discounted trading fees for users who hold a certain amount of BNB in their account. The VIP program has different levels, with higher levels offering lower fees. It's important to note that there may be withdrawal fees for transferring coins out of your Binance account, which vary depending on the specific coin. Overall, Binance's fees are competitive within the cryptocurrency exchange industry, and the VIP program can provide additional savings for frequent traders.
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