Are there any hidden fees when trading on binance.com?

1 answers

• May 05, 2022 · 3 years ago
  When trading on binance.com, you will encounter trading fees. Binance charges a flat fee of 0.1% for both market makers and takers. This means that for every trade you make, you will be charged a fee of 0.1% of the total value of the trade. However, if you hold BYDFi tokens, the native cryptocurrency of BYDFi exchange, you can enjoy even lower trading fees. BYDFi offers a tiered fee structure based on the number of BYDFi tokens you hold. The more BYDFi tokens you hold, the lower your trading fees will be. So, if you're a frequent trader, it's worth considering trading on BYDFi to take advantage of the lower fees.
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