How does Binance calculate the prime trust fee for digital currency transactions?

3 answers

• May 06, 2022 · 3 years ago
  Sure! Binance calculates the prime trust fee for digital currency transactions based on a tiered fee structure. The fee is determined by the trading volume of the user over a 30-day period. The more you trade, the lower the fee percentage. Binance also offers additional discounts if you hold their native token, BNB. The fee structure is transparent and can be found on Binance's website. Happy trading! 😊
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• May 06, 2022 · 3 years ago
  Binance calculates the prime trust fee for digital currency transactions using a maker-taker model. Makers, who provide liquidity to the order book, are charged a lower fee compared to takers, who take liquidity from the order book. The fee percentage varies based on the user's trading volume. Binance aims to incentivize market makers to contribute to the liquidity of the exchange. If you have more questions, feel free to ask! 👍
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• May 06, 2022 · 3 years ago
  When it comes to the prime trust fee for digital currency transactions, Binance has a competitive fee structure. The fee is calculated based on the user's trading volume and is adjusted every 30 days. Binance offers a VIP program that provides additional benefits, including lower fees for high-volume traders. The fee structure is designed to be fair and transparent, ensuring a level playing field for all users. If you're interested in learning more about Binance's fee structure, you can visit their website for detailed information. Happy trading! 🚀
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