What is the transaction fee on Binance for digital currencies?

3 answers

• Nov 23, 2021 · 3 years ago
  The transaction fee on Binance for digital currencies varies depending on the type of trade you make. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive compared to other exchanges, but it's always a good idea to compare fees before making a trade.
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• Nov 23, 2021 · 3 years ago
  When it comes to transaction fees on Binance for digital currencies, it's important to note that they differ for different types of trades. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally competitive in the market, making it an attractive option for traders.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, offers competitive transaction fees on Binance for digital currencies. For spot trading, the fee is 0.1% for both makers and takers. However, if you hold BNB (Binance Coin), you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and decreases over time. Binance's fees are generally considered to be reasonable compared to other exchanges in the industry.
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