What are the fees and commissions associated with using Binance for cryptocurrency trading?

1 answers

• Dec 20, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that Binance charges a trading fee of 0.1% for both makers and takers. This fee is applied to every trade you make on the platform. However, if you use Binance's native token, BNB, to pay for trading fees, you can enjoy a discount. The discount starts at 25% in the first year and gradually decreases over time. In addition to trading fees, Binance also charges withdrawal fees, which vary depending on the cryptocurrency you are withdrawing. It's important to note that fees and commissions can change over time, so it's always a good idea to check Binance's website for the most up-to-date information.
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