What is the difference between FTX and Binance in terms of trading fees?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! When it comes to trading fees, FTX and Binance have some variations. FTX offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be. On the other hand, Binance also has a tiered fee system, but it also offers a discount if you use BNB (Binance Coin) to pay for the fees. This can significantly reduce your trading costs on Binance.
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• Dec 18, 2021 · 3 years ago
  Trading fees can make a big difference in your overall profitability. FTX and Binance have different fee structures, so it's important to understand them. FTX charges a flat fee of 0.02% for both makers and takers, regardless of your trading volume. On the other hand, Binance offers lower fees for high-volume traders. The fees start at 0.1% for makers and takers and can go as low as 0.02% for high-volume traders. So, if you trade frequently and in large volumes, Binance might be more cost-effective for you.
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• Dec 18, 2021 · 3 years ago
  BYDFi, another popular cryptocurrency exchange, also has its own fee structure. BYDFi charges a flat fee of 0.1% for both makers and takers. However, it's worth noting that BYDFi offers a wide range of features and services that might be appealing to certain traders. So, if you're looking for a well-rounded platform with competitive fees, BYDFi could be a good option to consider.
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