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What are the fees and charges for trading cryptocurrencies on binance.com?

avatarKamil ChmielowskiDec 30, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees and charges associated with trading cryptocurrencies on binance.com? I would like to know the different types of fees, such as trading fees, withdrawal fees, and any other charges that may apply. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available.

What are the fees and charges for trading cryptocurrencies on binance.com?
Cryptocurrencies
Trading Fees
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1 answers

  • avatarDec 30, 2021 · 3 years ago
    As a representative from BYDFi, I can provide you with information about the fees and charges for trading cryptocurrencies on binance.com. Binance charges a flat trading fee of 0.1% for both market makers and takers. However, if you hold Binance Coin (BNB) in your account, you can use it to pay for your trading fees and receive a discount. The discount starts at 25% in the first year and decreases over time. Additionally, there may be withdrawal fees for transferring your cryptocurrencies out of the exchange. These fees vary depending on the specific cryptocurrency. It's important to note that Binance regularly updates its fee schedule, so it's recommended to check their website for the most accurate and up-to-date information. If you have any further questions, feel free to ask!

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