What are the fees associated with trading on Binance for US users?

3 answers

• Mar 19, 2022 · 3 years ago
  When trading on Binance, US users will encounter several types of fees. The first fee is the trading fee, which is charged for each trade executed on the platform. The trading fee is calculated based on the user's trading volume over the past 30 days and ranges from 0.02% to 0.1%. Additionally, Binance charges a withdrawal fee for transferring funds from the exchange to an external wallet. The withdrawal fee varies depending on the specific cryptocurrency being withdrawn. It's important to note that Binance offers a fee discount for users who hold BNB, the native cryptocurrency of the Binance platform. By using BNB to pay for trading fees, users can enjoy a discount of up to 25%. Overall, while Binance does charge fees for trading and withdrawals, they are generally competitive within the cryptocurrency exchange industry.
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• Mar 19, 2022 · 3 years ago
  Trading on Binance as a US user comes with certain fees. These fees include trading fees, which are charged for each buy or sell order placed on the platform. The trading fees are based on the user's trading volume and can range from 0.02% to 0.1%. In addition to trading fees, Binance also charges withdrawal fees when users transfer their funds from the exchange to an external wallet. The withdrawal fees vary depending on the specific cryptocurrency being withdrawn. It's worth noting that Binance offers a fee discount for users who hold BNB, their native cryptocurrency. By using BNB to pay for fees, users can enjoy a discount of up to 25%. Overall, while there are fees associated with trading on Binance for US users, they are competitive and can be reduced by utilizing BNB.
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• Mar 19, 2022 · 3 years ago
  As a US user trading on Binance, you'll encounter a few fees. The first fee is the trading fee, which is charged for each trade you make on the platform. The trading fee is based on your trading volume over the past 30 days and can range from 0.02% to 0.1%. Binance also charges a withdrawal fee when you transfer your funds from the exchange to an external wallet. The withdrawal fee varies depending on the specific cryptocurrency you're withdrawing. It's important to note that Binance offers a fee discount for users who hold BNB, their native cryptocurrency. By using BNB to pay for fees, you can get a discount of up to 25%. Overall, the fees associated with trading on Binance for US users are competitive and can be further reduced by utilizing BNB.
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