How does Binance calculate fees for buying and selling cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Sure! When it comes to buying and selling cryptocurrencies on Binance, the fees are calculated based on a tiered structure. The fees you pay depend on your 30-day trading volume and whether you are a maker or a taker. Makers are those who provide liquidity to the market by placing limit orders, while takers are those who take liquidity from the market by placing market orders. The more you trade and the higher your trading volume, the lower your fees will be. You can check Binance's fee schedule on their website for more details.
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• Dec 28, 2021 · 3 years ago
  Binance calculates fees for buying and selling cryptocurrencies using a maker-taker fee model. Makers are charged lower fees because they add liquidity to the market, while takers pay slightly higher fees for taking liquidity from the market. The fee structure is based on your trading volume over the past 30 days. The more you trade, the lower your fees will be. Binance also offers a VIP program that provides additional fee discounts based on your BNB holdings and trading volume. So, the more you trade and the more BNB you hold, the lower your fees will be.
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• Dec 28, 2021 · 3 years ago
  When it comes to calculating fees for buying and selling cryptocurrencies on Binance, it's important to understand the maker-taker fee model. Makers, who provide liquidity to the market by placing limit orders, are charged lower fees compared to takers, who take liquidity from the market by placing market orders. Binance's fee structure is based on your trading volume over the past 30 days. The more you trade, the lower your fees will be. Additionally, Binance offers a VIP program that provides further fee discounts based on your BNB holdings and trading volume. So, if you trade frequently and hold a significant amount of BNB, you can enjoy even lower fees on Binance.
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