What are the commission rates for trading on Binance?

3 answers

• Mar 18, 2022 · 3 years ago
  When trading on Binance, the commission rates vary depending on your trading volume and whether you are a maker or a taker. Makers are those who provide liquidity to the market by placing limit orders, while takers are those who remove liquidity by placing market orders. The commission rates for makers range from 0.02% to 0.10%, while the rates for takers range from 0.04% to 0.10%. Additionally, Binance offers a 25% discount on trading fees if you hold BNB (Binance Coin) in your account.
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• Mar 18, 2022 · 3 years ago
  Commission rates on Binance are quite competitive compared to other cryptocurrency exchanges. The fees are based on a tiered structure, which means that the more you trade, the lower your fees will be. This encourages active traders to benefit from reduced costs. Binance also periodically offers promotions and discounts on trading fees, so it's worth keeping an eye out for those opportunities.
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• Mar 18, 2022 · 3 years ago
  As an expert in the field, I can confidently say that BYDFi is another cryptocurrency exchange that offers competitive commission rates for trading. With BYDFi, you can enjoy low fees and a user-friendly trading interface. It's definitely worth considering if you're looking for an alternative to Binance.
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