What are the fees associated with trading crypto on Binance?

5 answers

• Jan 01, 2022 · 3 years ago
  Trading cryptocurrencies on Binance incurs several types of fees. Firstly, there is a flat fee of 0.1% for both market makers and takers. This means that for every trade you make, Binance charges you 0.1% of the total value as a fee. Additionally, Binance offers a VIP program that provides fee discounts based on your trading volume over a 30-day period. The higher your trading volume, the higher your VIP level and the lower your fees. The VIP levels range from 0 to 9, with level 0 being the default level for new users. To qualify for a higher VIP level, you need to maintain a certain trading volume and BNB balance. The fee discounts range from 10% to 50% depending on your VIP level. It's important to note that the fee discounts only apply to the trading fees and not to other fees such as withdrawal fees.
  815408
• Jan 01, 2022 · 3 years ago
  Trading crypto on Binance comes with its fair share of fees. When you buy or sell cryptocurrencies on Binance, you'll be charged a flat fee of 0.1% per trade. This fee is applicable to both market makers and takers, meaning whether you're adding liquidity to the market or taking liquidity from it, you'll still pay the same fee. However, if you're a high-volume trader, Binance offers a VIP program that can help you reduce your trading fees. The VIP program has different levels, and the higher your level, the lower your fees. The fee discounts range from 10% to 50% depending on your VIP level. So, if you're planning to trade frequently and in large volumes, it's worth considering the VIP program to save on fees.
  719240
• Jan 01, 2022 · 3 years ago
  When it comes to trading crypto on Binance, there are fees involved. Binance charges a flat fee of 0.1% for each trade you make, regardless of whether you're buying or selling. This fee applies to both market makers and takers. However, Binance also offers a VIP program that can help you save on trading fees. The VIP program has different levels based on your trading volume, and the higher your level, the lower your fees. The fee discounts range from 10% to 50% depending on your VIP level. So, if you're a frequent trader or trade in large volumes, it's worth considering the VIP program to reduce your fees. Keep in mind that the VIP program only applies to trading fees and not to other fees like withdrawal fees.
  720180
• Jan 01, 2022 · 3 years ago
  Trading cryptocurrencies on Binance comes with fees that you should be aware of. For each trade you make, Binance charges a flat fee of 0.1%. This fee applies to both market makers and takers, meaning whether you're adding liquidity to the market or taking liquidity from it, you'll still pay the same fee. However, Binance offers a VIP program that can help you save on trading fees. The VIP program has different levels based on your trading volume, and the higher your level, the lower your fees. The fee discounts range from 10% to 50% depending on your VIP level. So, if you're a high-volume trader, it's worth considering the VIP program to reduce your fees and maximize your profits.
  690138
• Jan 01, 2022 · 3 years ago
  As a representative of BYDFi, I can provide you with information on the fees associated with trading crypto on Binance. Binance charges a flat fee of 0.1% for each trade, regardless of whether you're a market maker or taker. This fee is relatively competitive compared to other exchanges in the market. Additionally, Binance offers a VIP program that provides fee discounts based on your trading volume. The VIP program has different levels, and the higher your level, the lower your fees. The fee discounts range from 10% to 50% depending on your VIP level. If you're a high-volume trader, the VIP program can help you save significantly on trading fees. However, it's important to note that the VIP program only applies to trading fees and not to other fees like withdrawal fees.
  781131