What are the fees for trading on Binance.us compared to Coinbase?
Mustafa AlsayedDec 29, 2021 · 3 years ago3 answers
Can you provide a detailed comparison of the trading fees on Binance.us and Coinbase? I would like to know the differences in fees for different types of trades and how they may affect my overall trading costs.
3 answers
- Dec 29, 2021 · 3 years agoWhen comparing the trading fees on Binance.us and Coinbase, it's important to consider the fee structure for different types of trades. On Binance.us, the fees vary depending on whether you are a maker or a taker. Makers, who provide liquidity to the market by placing limit orders, enjoy lower fees compared to takers, who remove liquidity by placing market orders. Coinbase, on the other hand, has a simpler fee structure that is based on the total trading volume in the past 30 days. The higher your trading volume, the lower the fees you pay on Coinbase. Overall, Binance.us may offer more competitive fees for frequent traders who are comfortable with limit orders, while Coinbase may be more suitable for traders with lower trading volumes who prefer the simplicity of a flat fee structure.
- Dec 29, 2021 · 3 years agoTrading fees can have a significant impact on your overall trading costs, so it's important to compare the fees on Binance.us and Coinbase. Binance.us offers a tiered fee structure based on your trading volume in the past 30 days. The higher your trading volume, the lower the fees you pay. Coinbase, on the other hand, has a flat fee structure that is based on the total trading volume in the past 30 days. Both exchanges have competitive fees, but the specific fees for different types of trades may vary. It's recommended to check the respective fee schedules on Binance.us and Coinbase to get a clear understanding of the fees for your specific trading needs.
- Dec 29, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that Binance.us and Coinbase are both reputable exchanges with competitive trading fees. Binance.us offers a tiered fee structure that rewards high-volume traders with lower fees. On the other hand, Coinbase has a flat fee structure that is based on your trading volume. Both exchanges have their advantages and disadvantages when it comes to fees. Binance.us may be more suitable for frequent traders who are comfortable with limit orders and want to take advantage of the maker fee discounts. Coinbase, on the other hand, may be a better choice for traders with lower trading volumes who prefer the simplicity of a flat fee structure. Ultimately, the choice between Binance.us and Coinbase should be based on your specific trading needs and preferences.
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