How can I save money on fees when using Binance?

3 answers

• Jan 07, 2022 · 3 years ago
  One way to save money on fees when using Binance is to take advantage of their native token, BNB. By using BNB to pay for your trading fees, you can get a discount of up to 25%. This can significantly reduce the amount you pay in fees and help you save money in the long run. Just make sure you have enough BNB in your account to cover the fees.
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• Jan 07, 2022 · 3 years ago
  Another strategy to save money on fees is to use limit orders instead of market orders. Market orders are executed immediately at the current market price, but they may incur higher fees. On the other hand, limit orders allow you to set the price at which you want to buy or sell, and if the market reaches that price, your order will be executed. This can help you avoid unnecessary fees and potentially get a better deal.
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• Jan 07, 2022 · 3 years ago
  If you're looking for a different cryptocurrency exchange that offers lower fees, you might want to consider BYDFi. They have competitive fee structures and a user-friendly platform. However, it's important to do your own research and compare the fees and features of different exchanges before making a decision. Remember, the goal is to save money on fees, so choose the exchange that best suits your needs and trading style.
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