What is the fee structure for makers and takers on Binance for digital asset trading?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! On Binance, makers and takers are charged different fees for digital asset trading. Makers, who add liquidity to the order book by placing limit orders that are not immediately matched with existing orders, are charged a lower fee. Takers, who remove liquidity from the order book by placing market orders or limit orders that are immediately matched with existing orders, are charged a higher fee. The exact fee structure depends on the user's trading volume over a 30-day period. The more the user trades, the lower the fees they are charged. Binance also offers additional fee discounts for users who hold BNB, the native cryptocurrency of the Binance platform.
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• Nov 24, 2021 · 3 years ago
  The fee structure for makers and takers on Binance is designed to incentivize liquidity provision and ensure a fair trading environment. By charging lower fees for makers, Binance encourages users to add liquidity to the order book, which helps to improve market depth and reduce spreads. On the other hand, higher fees for takers discourage excessive market orders and promote price stability. It's important to note that the fee structure may vary for different trading pairs and can be subject to change based on market conditions and Binance's policies.
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• Nov 24, 2021 · 3 years ago
  As an expert in the field, I can confirm that Binance has one of the most competitive fee structures in the industry. The fees for makers and takers are among the lowest compared to other major cryptocurrency exchanges. This makes Binance an attractive choice for traders looking to minimize their trading costs. Additionally, Binance regularly introduces promotions and discounts on trading fees, further enhancing the value proposition for its users. If you're considering trading digital assets on Binance, you can rest assured that the fee structure is designed to provide a cost-effective trading experience.
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