What is the fee structure for buying and selling Bitcoin on Binance?
Tilahun AshnfiNov 26, 2021 · 3 years ago1 answers
Can you explain the fee structure for buying and selling Bitcoin on Binance in detail? How much do they charge for transactions? Are there any additional fees to be aware of?
1 answers
- Nov 26, 2021 · 3 years agoWhen it comes to buying and selling Bitcoin on Binance, the fee structure is quite straightforward. Binance charges a flat fee of 0.1% for each trade, regardless of the trade size. This means that whether you're buying or selling Bitcoin, you'll be charged 0.1% of the total trade amount. In addition to the trading fee, there may be withdrawal fees for certain cryptocurrencies. These fees can vary depending on the specific cryptocurrency and the amount you're withdrawing. It's always a good idea to check Binance's fee schedule for the most up-to-date information on fees. Overall, Binance offers competitive fees for Bitcoin transactions, making it a popular choice for traders.
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