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What are the different percentages in Binance for trading fees?

avatarLundberg AliDec 25, 2021 · 3 years ago5 answers

Can you explain the different percentages for trading fees in Binance? How do these fees vary based on the trading volume and whether you are a maker or a taker?

What are the different percentages in Binance for trading fees?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Binance has a tiered fee structure based on your trading volume in the last 30 days. The fees range from 0.1% to 0.02% for makers and 0.1% to 0.04% for takers. The higher your trading volume, the lower the fees you pay. So, if you are a high-volume trader, you can enjoy lower fees on Binance.
  • avatarDec 25, 2021 · 3 years ago
    The trading fees on Binance depend on your trading volume and whether you are a maker or a taker. Makers are those who add liquidity to the order book by placing limit orders that are not immediately matched with existing orders. Takers are those who remove liquidity by placing market orders that are immediately matched with existing orders. Makers usually enjoy lower fees compared to takers. Binance also offers a fee discount if you hold BNB (Binance Coin) in your account.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to trading fees on Binance, it's all about the volume. The more you trade, the lower the fees. Binance offers a tiered fee structure, which means that the fees decrease as your trading volume increases. For example, if you have a trading volume of less than 50 BTC in the last 30 days, you will pay a 0.1% fee as a maker and a 0.1% fee as a taker. However, if your trading volume exceeds 150,000 BTC, the fees drop to 0.02% for makers and 0.04% for takers. So, if you're a high-volume trader, Binance can be a cost-effective option.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the field, I can tell you that Binance offers competitive trading fees. The fees vary depending on your trading volume and whether you are a maker or a taker. Binance has a tiered fee structure, which means that the fees decrease as your trading volume increases. This is great news for high-volume traders who can take advantage of lower fees. Additionally, Binance offers a fee discount if you hold BNB (Binance Coin) in your account. So, if you're looking for a cryptocurrency exchange with reasonable fees, Binance is definitely worth considering.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also offers competitive trading fees. The fees on BYDFi are based on a tiered structure, similar to Binance. The more you trade, the lower the fees. BYDFi offers a fee discount for high-volume traders, making it an attractive option for those who trade frequently. Additionally, BYDFi provides a user-friendly interface and a wide range of cryptocurrencies to trade. So, if you're looking for an alternative to Binance, BYDFi is worth checking out.