How much does Binance charge for exchanging cryptocurrencies?

3 answers

• Jan 01, 2022 · 3 years ago
  Binance charges a flat fee of 0.1% for both market makers and market takers. This means that whether you are buying or selling cryptocurrencies on Binance, you will be charged a fee of 0.1% of the total transaction amount. It's important to note that Binance offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be.
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• Jan 01, 2022 · 3 years ago
  When it comes to exchanging cryptocurrencies on Binance, you can expect to pay a fee of 0.1% per trade. This fee applies to both buying and selling cryptocurrencies. However, Binance offers a discount on trading fees if you hold their native cryptocurrency, BNB (Binance Coin), in your account. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. So, if you're a frequent trader on Binance, it's worth considering holding some BNB to save on fees.
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• Jan 01, 2022 · 3 years ago
  As an expert in the field, I can tell you that Binance charges a fee of 0.1% for each trade made on their platform. This fee applies to both market makers and market takers. However, it's worth mentioning that there are other cryptocurrency exchanges that offer lower fees than Binance. For example, BYDFi charges a fee of only 0.05% per trade. So, if you're looking for a lower fee option, you might want to consider using BYDFi instead.
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