What are the fees charged on Binance for buying and selling cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Certainly! Binance charges fees for both buying and selling cryptocurrencies. The fees are based on a tiered structure, which means that the more you trade, the lower your fees will be. The fees are calculated as a percentage of the total trading volume. The standard trading fee for makers (those who add liquidity to the market) is 0.1%, while takers (those who remove liquidity from the market) are charged 0.1% as well. However, if you hold Binance Coin (BNB) in your account, you can use it to pay for your trading fees and get a discount. The discount starts at 25% in the first year and decreases gradually over time. Overall, Binance offers competitive fees compared to other exchanges in the market.
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• Dec 17, 2021 · 3 years ago
  The fees on Binance for buying and selling cryptocurrencies can be a bit confusing, but don't worry, I'll break it down for you. When you place a buy or sell order on Binance, you'll be charged a trading fee. The fee is calculated based on your trading volume and the type of order you place. For example, if you're a maker and you add liquidity to the market, the fee is 0.1%. If you're a taker and you remove liquidity from the market, the fee is also 0.1%. However, if you hold Binance Coin (BNB), you can use it to pay for your trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. So, if you're a frequent trader, it's worth considering holding BNB to save on fees.
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• Dec 17, 2021 · 3 years ago
  Ah, the fees on Binance for buying and selling cryptocurrencies! Well, let me tell you a little secret. Binance has some of the lowest fees in the industry. They charge a flat fee of 0.1% for both makers and takers. But here's the kicker: if you hold Binance Coin (BNB), you can use it to pay for your trading fees and get a discount. It's like having a secret weapon to save money! The discount starts at 25% in the first year and gradually decreases. So, if you're a savvy trader, make sure to grab some BNB and enjoy those sweet discounts. Happy trading!
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