Can I negotiate the consignment fee for large volume trades on Binance?

5 answers

• AbdellahTheDeveloperNov 29, 2020 · 5 years ago
  Unfortunately, Binance does not currently offer the option to negotiate consignment fees for large volume trades. The fees are set based on the trading volume and are non-negotiable. However, Binance offers competitive fee structures for high-volume traders, so you can still benefit from lower fees compared to other exchanges.
  328

  164
• Lily LiuFeb 11, 2021 · 4 years ago
  No, you cannot negotiate the consignment fee for large volume trades on Binance. The fees are predetermined and are based on the trading volume. Binance has a transparent fee structure, which means that all traders are subject to the same fees based on their trading activity.
  276

  92
• ArnabSep 12, 2021 · 4 years ago
  While Binance does not allow individual negotiation of consignment fees, there are other ways to potentially reduce your trading costs. One option is to consider using Binance's native token, BNB, to pay for your trading fees. By using BNB, you can enjoy a discount on your fees, which can be especially beneficial for large volume trades. Additionally, Binance occasionally offers promotional campaigns that provide fee discounts or other incentives for traders.
  463

  116
• Graversen StampeOct 18, 2023 · 2 years ago
  As an expert in the industry, I can tell you that negotiating consignment fees for large volume trades is not common practice on most exchanges, including Binance. The fees are typically set based on a tiered structure, where the more you trade, the lower your fees. Binance offers competitive fee rates for high-volume traders, so you can still take advantage of their favorable fee structure.
  394

  79
• Jespersen BrodersenMay 08, 2021 · 4 years ago
  While Binance does not explicitly allow negotiation of consignment fees, it's important to note that they have a reputation for offering competitive fee structures for high-volume traders. It's always worth reaching out to their customer support team to inquire about any potential fee discounts or promotions that may be available for large volume trades. They may be able to provide you with some options or insights on how to optimize your trading costs.
  457

  77