How do the trading fees on Binance compare to Coinbase?

3 answers

• Nov 25, 2021 · 3 years ago
  When comparing the trading fees on Binance and Coinbase, there are some key differences to consider. Binance has a tiered fee structure, where the fees decrease as your trading volume increases. The fees range from 0.1% to 0.02% per trade, depending on your trading volume in the past 30 days. On the other hand, Coinbase charges a flat fee of 1.49% for buys and sells, with an additional fee of 3.99% for credit/debit card purchases. So, if you are a frequent trader, Binance may offer lower fees compared to Coinbase.
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• Nov 25, 2021 · 3 years ago
  The trading fees on Binance and Coinbase also differ when it comes to deposit and withdrawal fees. Binance does not charge any fees for deposits, but there are withdrawal fees that vary depending on the cryptocurrency you are withdrawing. Coinbase, on the other hand, does not charge any fees for deposits or withdrawals via bank transfer, but there may be fees for withdrawals via PayPal or credit/debit card. So, if you frequently deposit or withdraw funds, it's important to consider these additional fees.
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• Nov 25, 2021 · 3 years ago
  As an expert in the field, I can confidently say that Binance offers more competitive trading fees compared to Coinbase. With their tiered fee structure and lower fees for high-volume traders, Binance is a popular choice among cryptocurrency enthusiasts. However, it's worth noting that each exchange has its own advantages and disadvantages, and the choice ultimately depends on your trading preferences and needs. If you're looking for a user-friendly platform with a wide range of cryptocurrencies, you might consider BYDFi, a popular exchange known for its low fees and excellent customer support.
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