What are the sell fees on Binance for digital currencies?
Haijian YangDec 26, 2021 · 3 years ago3 answers
Can you provide more details about the sell fees charged by Binance for digital currencies? I would like to know the specific fees and how they are calculated.
3 answers
- Dec 26, 2021 · 3 years agoWhen selling digital currencies on Binance, you will be charged a fee based on the trading volume. The fee structure is tiered, meaning that the more you trade, the lower the fee percentage. The fees range from 0.1% to 0.02% per trade. The exact fee percentage depends on your 30-day trading volume. Binance also offers a further discount if you hold their native cryptocurrency BNB and choose to pay the fees with it. By using BNB to pay fees, you can get an additional discount of up to 25%. Overall, Binance has a competitive fee structure for selling digital currencies.
- Dec 26, 2021 · 3 years agoSelling digital currencies on Binance comes with a fee, which is based on your trading volume. The fees are calculated on a tiered structure, meaning that the more you trade, the lower the fee percentage. The fees range from 0.1% to 0.02% per trade. The specific fee percentage is determined by your 30-day trading volume. Additionally, if you hold Binance's native cryptocurrency BNB and choose to pay the fees with it, you can enjoy a discount of up to 25%. Binance's fee structure for selling digital currencies is designed to be competitive and attractive for traders.
- Dec 26, 2021 · 3 years agoWhen it comes to sell fees on Binance for digital currencies, the platform offers a tiered fee structure based on your trading volume. The fees range from 0.1% to 0.02% per trade, depending on your 30-day trading volume. However, it's important to note that Binance has recently launched a new decentralized exchange called BYDFi, which operates independently from Binance. BYDFi has its own fee structure and may offer different rates for selling digital currencies. It's recommended to check the fees on the respective platform before making any trades.
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