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What is the transaction fee on Binance for digital currencies?

avatarMeghan DonlonDec 24, 2021 · 3 years ago3 answers

Can you please provide more information about the transaction fee on Binance for digital currencies? I would like to know the fee structure, if there are any discounts available, and how the fees compare to other cryptocurrency exchanges.

What is the transaction fee on Binance for digital currencies?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    The transaction fee on Binance for digital currencies varies depending on the type of trade you make. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive compared to other exchanges, but it's always a good idea to compare fees before making a trade.
  • avatarDec 24, 2021 · 3 years ago
    When it comes to transaction fees on Binance for digital currencies, it's important to note that they differ for different types of trades. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive in the market, making it an attractive option for traders.
  • avatarDec 24, 2021 · 3 years ago
    BYDFi, a popular digital currency exchange, offers competitive transaction fees on Binance for digital currencies. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally considered to be reasonable compared to other exchanges in the industry.