What are the fees and charges associated with using Binance for cryptocurrency trading?

1 answers

• Jan 01, 2022 · 3 years ago
  As a leading cryptocurrency exchange, Binance charges fees for trading and withdrawals. When you make a trade on Binance, a trading fee is applied. The trading fee is based on your trading volume over the past 30 days and can range from 0.1% to 0.02%. Additionally, when you withdraw your cryptocurrencies from Binance, a withdrawal fee is incurred. The withdrawal fee varies depending on the specific cryptocurrency you are withdrawing. It's worth mentioning that Binance offers a fee discount if you hold their native cryptocurrency, BNB. By using BNB to pay for trading fees, you can enjoy a reduced fee rate. It's important to carefully consider these fees and charges when using Binance for cryptocurrency trading to effectively manage your costs.
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