How can I calculate the fees for trading cryptocurrencies on Binance?

3 answers

• May 09, 2022 · 3 years ago
  Calculating the fees for trading cryptocurrencies on Binance is actually quite simple. Binance charges a flat fee of 0.1% for both makers and takers. This means that for every trade you make, you will be charged 0.1% of the total value of the trade. For example, if you make a trade worth $100, the fee would be $0.10. Keep in mind that Binance also offers a discount on trading fees if you hold their native token, BNB. By using BNB to pay for fees, you can get up to a 25% discount on your trading fees.
  505

  253
• May 09, 2022 · 3 years ago
  Calculating trading fees on Binance is a piece of cake! The fee structure is pretty straightforward - 0.1% for both makers and takers. So, if you're buying or selling cryptocurrencies on Binance, you'll be charged 0.1% of the total trade value as a fee. It's important to note that the fee is deducted from the cryptocurrency you're trading, not the one you're receiving. For example, if you're buying Bitcoin with Ethereum, the fee will be deducted from the Ethereum you're using to make the trade. Easy peasy, right?
  518

  173
• May 09, 2022 · 3 years ago
  When it comes to calculating the fees for trading cryptocurrencies on Binance, it's important to understand the fee structure. Binance charges a flat fee of 0.1% for both makers and takers. However, if you hold Binance's native token, BNB, you can enjoy a discount on your trading fees. By using BNB to pay for fees, you can get up to a 25% discount. So, if you're a frequent trader on Binance, it's definitely worth considering holding some BNB to save on fees. Keep in mind that this discount is subject to change, so always check Binance's website for the latest fee structure.
  580

  145