How does Binance calculate trading fees?

3 answers

• Dec 30, 2021 · 3 years ago
  Binance calculates trading fees based on a tiered fee structure. The fees you pay depend on your 30-day trading volume and BNB holdings. The higher your trading volume and BNB holdings, the lower the fees you'll pay. This encourages users to trade more and hold BNB tokens, which benefits both the exchange and the users. The fee structure is designed to be fair and transparent, ensuring that traders are rewarded for their loyalty and activity on the platform.
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• Dec 30, 2021 · 3 years ago
  Trading fees on Binance are calculated using a maker-taker model. If you place an order that is immediately filled, you are considered a taker and will pay a higher fee. On the other hand, if you place an order that adds liquidity to the order book, you are considered a maker and will pay a lower fee. This model incentivizes market makers and helps to maintain liquidity on the exchange.
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we have a similar fee structure to Binance. We also calculate trading fees based on a tiered system, taking into account trading volume and token holdings. Our goal is to provide a fair and competitive fee structure that benefits our users. We believe that transparency and fairness are crucial in building trust with our community.
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