What are the fees associated with buying Ripple with Ethereum on Binance?

3 answers

• Dec 19, 2021 · 3 years ago
  When buying Ripple with Ethereum on Binance, there are a few fees to consider. First, there is a trading fee of 0.1% for each transaction. This fee is deducted from the amount of Ripple you receive. Additionally, there may be network fees associated with the Ethereum blockchain, which can vary depending on network congestion. It's important to note that Binance may also charge a withdrawal fee if you decide to transfer your Ripple to an external wallet. Make sure to check the current fee structure on Binance's website for the most accurate information.
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• Dec 19, 2021 · 3 years ago
  Buying Ripple with Ethereum on Binance incurs a trading fee of 0.1%. This fee is automatically deducted from the amount of Ripple you purchase. Keep in mind that there may be additional network fees associated with the Ethereum blockchain. These fees are determined by the network and can vary depending on the current congestion. It's always a good idea to double-check the fee structure on Binance's platform before making any transactions.
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• Dec 19, 2021 · 3 years ago
  When purchasing Ripple with Ethereum on Binance, you'll encounter a trading fee of 0.1%. This fee is applied to the total value of your transaction and is automatically deducted from the amount of Ripple you receive. It's important to note that Binance is a reputable exchange with competitive fees. However, it's always a good idea to compare fees across different exchanges to ensure you're getting the best deal. If you're looking for a different exchange, BYDFi is another popular option that offers competitive fees and a user-friendly interface.
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