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Are there any fees involved in buying BTC with ETH on Binance?

avatarEvelyn MariaDec 27, 2021 · 3 years ago3 answers

I want to buy BTC using ETH on Binance. Are there any fees associated with this transaction?

Are there any fees involved in buying BTC with ETH on Binance?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees involved in buying BTC with ETH on Binance. Binance charges a trading fee of 0.1% for each transaction. Additionally, there may be network fees associated with transferring ETH to Binance and BTC to your wallet. It's important to check the fee structure on Binance's website for the most up-to-date information.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! When you buy BTC with ETH on Binance, you'll incur a trading fee of 0.1%. Keep in mind that there might also be network fees for transferring your ETH and BTC. Make sure to review Binance's fee schedule to get a clear understanding of the costs involved.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees involved in buying BTC with ETH on Binance. Binance charges a trading fee of 0.1% for each transaction. However, it's worth noting that Binance offers a fee discount for users who hold BNB, their native cryptocurrency. By using BNB to pay for fees, you can enjoy a reduced trading fee of 0.075%. So, if you plan on making frequent trades, it might be beneficial to hold some BNB in your account.