What are the fees associated with using Banxa on Binance to purchase cryptocurrency?

1 answers

• Dec 24, 2021 · 3 years ago
  When using Banxa on Binance to purchase cryptocurrency, there are a few fees to be aware of. Firstly, there is a transaction fee of 2.5% for each purchase. This fee is automatically deducted from the total amount of cryptocurrency you buy. Additionally, there may be a small network fee charged by the blockchain network for processing the transaction. This fee can vary depending on the current network congestion and is typically minimal. It's important to note that these fees are subject to change and it's recommended to check the latest fee schedule on the Binance website. Overall, using Banxa on Binance is a convenient and cost-effective way to purchase cryptocurrency.
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