What are the fees for trading on Binance compared to Coinbase?

3 answers

• Jan 13, 2022 · 3 years ago
  When it comes to trading fees, Binance and Coinbase have different fee structures. Binance charges a flat 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 trading fees and get a discount. The discount starts at 25% in the first year and gradually decreases over time. On the other hand, Coinbase uses a variable fee structure based on your location and the payment method you choose. For example, in the United States, Coinbase charges a fee of 0.50% for trades below $10,000 and 0.35% for trades above $10,000. It's important to note that these fees may vary and it's always a good idea to check the latest fee schedule on their respective websites.
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• Jan 13, 2022 · 3 years ago
  Trading fees on Binance and Coinbase can vary depending on your trading volume. Binance offers a tiered fee structure based on your 30-day trading volume and BNB holdings. The higher your trading volume and BNB holdings, the lower your fees will be. This can be beneficial for active traders who generate high trading volumes. On the other hand, Coinbase does not offer a tiered fee structure based on trading volume. However, Coinbase Pro, which is Coinbase's advanced trading platform, does offer lower fees for higher trading volumes. So if you're a high-volume trader, you might want to consider using Coinbase Pro instead of the regular Coinbase platform.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has competitive trading fees compared to both Binance and Coinbase. They offer a tiered fee structure based on your 30-day trading volume, similar to Binance. The more you trade, the lower your fees will be. Additionally, BYDFi also offers discounts on trading fees if you hold their native token. This can be a great way to save on fees if you're a frequent trader. However, it's important to note that BYDFi is a relatively new exchange and may not have the same level of liquidity and trading volume as Binance or Coinbase. So, it's always a good idea to consider factors like security, reputation, and trading volume when choosing an exchange.
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