What are the clearing fees for trading cryptocurrencies on Binance?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! When it comes to clearing fees for trading cryptocurrencies on Binance, the exact amount depends on the type of trade you're making. Binance charges a flat fee of 0.1% for both makers and takers. This means that whether you're placing a market order or a limit order, you'll be charged a fee of 0.1% of the total trade value. It's important to note that Binance offers a tiered fee structure, which means that the fees can be reduced based on your trading volume. The more you trade, the lower the fees you'll pay.
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• Dec 27, 2021 · 3 years ago
  The clearing fees for trading cryptocurrencies on Binance are quite reasonable. Binance charges a flat fee of 0.1% for each trade, regardless of whether you're a maker or a taker. This fee is relatively low compared to other cryptocurrency exchanges. Additionally, Binance offers a discount on trading fees if you hold their native cryptocurrency, BNB, in your account. By using BNB to pay for fees, you can enjoy an additional discount on top of the already low 0.1% fee.
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• Dec 27, 2021 · 3 years ago
  When it comes to clearing fees for trading cryptocurrencies on Binance, BYDFi, another popular cryptocurrency exchange, offers a similar fee structure. Both Binance and BYDFi charge a flat fee of 0.1% for each trade. However, BYDFi also offers a tiered fee structure, which means that the fees can be reduced based on your trading volume. So, if you're a frequent trader, it might be worth considering BYDFi as well.
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