What are the fees and charges associated with trading on Coinbase and Binance?

1 answers

• Dec 30, 2021 · 3 years ago
  When it comes to trading fees and charges, Coinbase and Binance have their own unique structures. Coinbase charges a fee that ranges from 1.49% to 3.99% for buying or selling cryptocurrencies, depending on the payment method used. They also charge a spread, which is the difference between the buy and sell prices on their platform. Additionally, Coinbase charges a fee for converting one cryptocurrency to another, which is based on a percentage of the transaction amount. On the other hand, Binance charges a flat fee of 0.1% for both market makers and takers. However, if you hold BNB, you can use it to pay for trading fees and get a discount. Binance also has a tiered fee structure based on your trading volume, where higher volume traders enjoy lower fees. It's important to note that fees can vary depending on the specific cryptocurrency you are trading and the trading pair you are using. It's always a good idea to check the fee schedules on the respective exchange's website for the most accurate and up-to-date information.
  1036518