What is the transaction fee on Binance for digital currencies?
Ultim8 PedigreeJan 12, 2022 · 3 years ago3 answers
Can you please provide more information about the transaction fee on Binance for digital currencies? I would like to know the fee structure, if there are any discounts available, and how the fees compare to other cryptocurrency exchanges.
3 answers
- Jan 12, 2022 · 3 years agoThe transaction fee on Binance for digital currencies varies depending on the type of trade you make. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive compared to other exchanges, but it's always a good idea to compare fees before making a trade.
- Jan 12, 2022 · 3 years agoWhen it comes to transaction fees on Binance for digital currencies, it's important to note that they differ for different types of trades. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive in the market, making it an attractive option for traders.
- Jan 12, 2022 · 3 years agoBYDFi, a popular digital currency exchange, offers competitive transaction fees on Binance for digital currencies. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally considered to be reasonable compared to other exchanges in the industry.
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