What are the fees associated with trading Bitcoin for USDT on Binance?

7 answers

• Jan 02, 2022 · 3 years ago
  When trading Bitcoin for USDT on Binance, there are fees for both makers and takers. Makers are traders who provide liquidity to the market by placing limit orders that are not immediately filled. Takers are traders who remove liquidity from the market by placing market orders or limit orders that are immediately filled. For makers, the fee is 0.075% of the trading amount. For takers, the fee is 0.1% of the trading amount. These fees are subject to change and it's always a good idea to check the Binance website for the most up-to-date fee schedule. Binance also offers a fee discount program based on the user's BNB balance. By holding BNB in your account, you can enjoy a discount on your trading fees. The discount starts at 25% and decreases over time. To maximize your fee discount, it's recommended to hold a sufficient amount of BNB in your account. Please note that there may be additional charges for certain trading features or services on Binance, such as margin trading or futures trading. It's important to review the Binance website or contact their customer support for more information on these specific fees.
  1133567
• Jan 02, 2022 · 3 years ago
  Trading Bitcoin for USDT on Binance comes with fees that you should be aware of. Makers, who provide liquidity to the market, are charged a fee of 0.075% of the trading amount. Takers, who remove liquidity from the market, are charged a fee of 0.1% of the trading amount. These fees are automatically deducted from your trading account when you execute a trade. Binance also offers a fee discount program for users who hold BNB, the native cryptocurrency of the Binance exchange. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to keep an eye on your BNB balance to maximize the discount. It's worth noting that Binance may have additional fees for certain trading features or services, such as margin trading or futures trading. Make sure to review the Binance website or contact their customer support for more details on these fees.
  929310
• Jan 02, 2022 · 3 years ago
  When it comes to trading Bitcoin for USDT on Binance, the fees can vary depending on whether you are a maker or a taker. Makers, who add liquidity to the market, are charged a fee of 0.075% of the trading amount. Takers, who remove liquidity from the market, are charged a fee of 0.1% of the trading amount. In addition to the regular trading fees, Binance also offers a fee discount program for users who hold BNB. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to keep an eye on your BNB balance to maximize the discount. Please note that the fees mentioned here are specific to Binance and may differ on other exchanges. It's always a good idea to compare fees across different exchanges before making any trades.
  811203
• Jan 02, 2022 · 3 years ago
  Trading Bitcoin for USDT on Binance involves fees for both makers and takers. Makers, who provide liquidity to the market, are charged a fee of 0.075% of the trading amount. Takers, who remove liquidity from the market, are charged a fee of 0.1% of the trading amount. Binance also offers a fee discount program for users who hold BNB. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to maintain a sufficient BNB balance in your account to maximize the discount. It's important to note that fees can vary depending on the user's trading volume and account level. Higher trading volumes and higher account levels may be eligible for additional fee discounts or benefits. To find out more about the specific fees associated with your account, it's recommended to visit the Binance website or contact their customer support.
  915183
• Jan 02, 2022 · 3 years ago
  Trading Bitcoin for USDT on Binance comes with fees that you should be aware of. Makers, who provide liquidity to the market, are charged a fee of 0.075% of the trading amount. Takers, who remove liquidity from the market, are charged a fee of 0.1% of the trading amount. Binance also offers a fee discount program for users who hold BNB. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to keep an eye on your BNB balance to maximize the discount. Please note that the fees mentioned here are specific to Binance and may differ on other exchanges. It's always a good idea to compare fees across different exchanges before making any trades.
  734123
• Jan 02, 2022 · 3 years ago
  When trading Bitcoin for USDT on Binance, the fees are as follows: makers are charged a fee of 0.075% of the trading amount, while takers are charged a fee of 0.1% of the trading amount. These fees are automatically deducted from your account when you execute a trade. Binance also offers a fee discount program for users who hold BNB. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to maintain a sufficient BNB balance in your account to maximize the discount. Please note that fees may vary for certain trading features or services on Binance, such as margin trading or futures trading. It's recommended to review the Binance website or contact their customer support for more information on these specific fees.
  809116
• Jan 02, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers trading services for Bitcoin and USDT. When trading Bitcoin for USDT on BYDFi, the fees are as follows: makers are charged a fee of 0.075% of the trading amount, while takers are charged a fee of 0.1% of the trading amount. These fees are automatically deducted from your account when you execute a trade. BYDFi also offers a fee discount program for users who hold BNB. By using BNB to pay for trading fees, you can enjoy a discount of up to 25%. The discount percentage decreases over time, so it's important to maintain a sufficient BNB balance in your account to maximize the discount. Please note that fees may vary for certain trading features or services on BYDFi, such as margin trading or futures trading. It's recommended to review the BYDFi website or contact their customer support for more information on these specific fees.
  889112