What are the trading fees on Binance?

6 answers

• Dec 17, 2021 · 3 years ago
  Trading fees on Binance vary depending on the type of user and the trading volume. The fees are generally lower for users who hold Binance Coin (BNB) and use it to pay for fees. Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. Compared to other cryptocurrency exchanges, Binance's fees are considered competitive. However, it's always a good idea to compare fees across different exchanges before making a decision. Binance occasionally offers promotions and discounts on trading fees, so it's worth keeping an eye out for any ongoing campaigns.
  592296
• Dec 17, 2021 · 3 years ago
  The trading fees on Binance can be a bit complex, but I'll try to break it down for you. Binance charges a flat fee of 0.1% for both makers and takers. However, if you hold Binance Coin (BNB) and choose to pay your fees with it, you can get a discount. In the first year, you get a 50% discount, in the second year, it's 25%, in the third year, it's 12.5%, and from the fourth year onwards, the discount decreases by half every year. So, if you're a frequent trader, it's definitely worth considering holding some BNB to save on fees.
  534178
• Dec 17, 2021 · 3 years ago
  When it comes to trading fees on Binance, they are quite competitive. Binance offers a tiered fee structure based on your trading volume over the past 30 days. The fees range from 0.1% for users with a trading volume below 50 BTC to 0.02% for users with a trading volume above 150,000 BTC. Additionally, if you hold Binance Coin (BNB) and choose to pay your fees with it, you can get an additional discount. This discount decreases over time, but it's still a great way to save on fees. Overall, Binance's trading fees are considered fair and reasonable in the cryptocurrency industry.
  585147
• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can tell you that Binance has one of the most competitive fee structures in the cryptocurrency exchange market. The fees are based on a tiered system, where the more you trade, the lower your fees become. For example, if your trading volume is below 50 BTC in the last 30 days, you'll pay a fee of 0.1%. However, if your trading volume exceeds 150,000 BTC, your fee will be reduced to 0.02%. Binance also offers a discount if you choose to pay your fees with Binance Coin (BNB). This discount decreases over time, but it's still a great way to save on fees. Overall, Binance provides a transparent and cost-effective trading experience.
  665133
• Dec 17, 2021 · 3 years ago
  Trading fees on Binance are structured in a way that rewards high-volume traders. The fees are based on a tiered system, where the more you trade, the lower your fees become. For example, if your trading volume is below 50 BTC in the last 30 days, you'll pay a fee of 0.1%. However, if your trading volume exceeds 150,000 BTC, your fee will be reduced to 0.02%. Binance also offers a discount if you choose to pay your fees with Binance Coin (BNB). This discount decreases over time, but it can still provide significant savings. Overall, Binance's fee structure is designed to incentivize active trading and provide competitive rates.
  635106
• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers competitive trading fees. The fees on BYDFi are based on a tiered structure, where the more you trade, the lower your fees become. The fees range from 0.1% for users with a trading volume below 50 BTC to 0.02% for users with a trading volume above 150,000 BTC. BYDFi also offers a discount if you choose to pay your fees with BYDFi Coin (BYD). This discount decreases over time, but it can still provide significant savings. Overall, BYDFi provides a user-friendly platform with competitive fees for cryptocurrency traders.
  57783