Are there any fees involved when exchanging BTC for USDT on Binance?

Can you please provide more information about the fees associated with exchanging BTC for USDT on Binance? I would like to know if there are any fees involved and how much they are.

3 answers
- Yes, there are fees involved when exchanging BTC for USDT on Binance. The fees vary depending on the type of trading you are doing. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin) in your account, you can use it to pay for the trading fees and get a discount. The discount starts at 25% and decreases over time. So, if you are a frequent trader, it's a good idea to hold some BNB to save on fees.
Mar 19, 2022 · 3 years ago
- Absolutely! When you exchange BTC for USDT on Binance, you will be charged a fee. The fee is 0.1% of the total transaction amount. However, if you are a Binance VIP member, you may be eligible for lower fees based on your trading volume. The more you trade, the lower your fees will be. So, if you are a high-volume trader, it's worth considering becoming a Binance VIP member to save on fees.
Mar 19, 2022 · 3 years ago
- Yes, there are fees involved when exchanging BTC for USDT on Binance. The fees are based on a tiered structure, which means that the more you trade, the lower your fees will be. For example, if your 30-day trading volume is less than 50 BTC, the fee is 0.1%. However, if your trading volume exceeds 150,000 BTC, the fee can be as low as 0.02%. So, if you are a frequent trader or have a large trading volume, you can benefit from lower fees on Binance.
Mar 19, 2022 · 3 years ago
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