Are there any fees associated with buying BNB with USDT on Binance?
Tryhard 1Jan 05, 2022 · 3 years ago3 answers
I want to buy BNB (Binance Coin) using USDT (Tether) on Binance. Are there any fees that I need to be aware of?
3 answers
- Jan 05, 2022 · 3 years agoYes, there are fees associated with buying BNB with USDT on Binance. Binance charges a trading fee of 0.1% for each transaction. This fee is deducted from the amount of BNB you receive. Additionally, there may be network fees for transferring USDT to Binance and withdrawing BNB from Binance. It's important to check the current fee schedule on Binance's website for the most accurate and up-to-date information.
- Jan 05, 2022 · 3 years agoAbsolutely! When you buy BNB with USDT on Binance, you'll be charged a trading fee. The fee is 0.1% of the transaction amount, which means if you buy $100 worth of BNB, you'll be charged $0.1 as a fee. Keep in mind that this fee is subject to change and it's always a good idea to double-check the fee schedule on Binance's website before making any transactions.
- Jan 05, 2022 · 3 years agoYes, there are fees associated with buying BNB with USDT on Binance. Binance is known for its transparent fee structure, and they charge a flat trading fee of 0.1% for all transactions. This fee is automatically deducted from the amount of BNB you receive. It's worth noting that Binance also offers a VIP program, which provides discounted trading fees for high-volume traders. So, if you plan on trading BNB frequently, you might want to consider joining the VIP program to save on fees.
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