What are the fees for trading on Binance?

3 answers

• Dec 31, 2021 · 3 years ago
  Trading fees on Binance vary depending on the type of trade you make. For spot trading, the fees range from 0.1% to 0.02% based on your trading volume in the last 30 days. The fees decrease as your trading volume increases. For futures trading, the fees are different and can be found on Binance's website. It's important to note that Binance also offers a fee discount if you hold their native token BNB and use it to pay for trading fees.
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• Dec 31, 2021 · 3 years ago
  When it comes to trading fees on Binance, it's important to consider the maker and taker fees. The maker fee is applied when you add liquidity to the market by placing a limit order that doesn't get immediately matched. The taker fee is applied when you remove liquidity from the market by placing an order that gets immediately matched. The maker fee is usually lower than the taker fee, incentivizing traders to add liquidity to the market.
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• Dec 31, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has similar fee structures to Binance. They offer competitive trading fees based on your trading volume. The fees are transparent and can be found on their website. BYDFi also provides a fee discount if you hold their native token and use it to pay for trading fees. It's always a good idea to compare the fees and features of different exchanges before deciding where to trade.
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