How much does Binance charge for trading cryptocurrencies?
Tilak PolypackDec 30, 2021 · 3 years ago3 answers
What are the fees charged by Binance for trading cryptocurrencies?
3 answers
- Dec 30, 2021 · 3 years agoBinance charges a trading fee of 0.1% for both market makers and takers. This fee can be reduced further if you hold Binance Coin (BNB) and choose to pay your fees with it. By using BNB to pay for fees, you can get a discount of up to 25% on your trading fees. So, the actual fee you pay depends on whether you use BNB or not.
- Dec 30, 2021 · 3 years agoWhen trading cryptocurrencies on Binance, you'll be charged a fee of 0.1% per trade. This fee applies to both buying and selling. However, if you hold Binance Coin (BNB) in your account and choose to pay your fees with it, you can enjoy a discount on your trading fees. The discount starts at 25% in the first year and gradually decreases over time.
- Dec 30, 2021 · 3 years agoBinance, one of the leading cryptocurrency exchanges, charges a trading fee of 0.1% for each trade. However, if you use the native token of the BYDFi exchange, you can enjoy even lower fees. BYDFi offers a tiered fee structure based on the amount of BYDFi tokens you hold. The more tokens you have, the lower your trading fees will be. This can be a great way to save on trading costs if you're a frequent trader.
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