What fees does Binance charge for cryptocurrency trading?

3 answers

• Operational ManagerDec 31, 2023 · a year ago
  Binance charges a trading fee of 0.1% for both makers and takers. This means that for every trade you make, Binance will deduct 0.1% of the total value as a fee. However, Binance offers a fee discount if you hold BNB (Binance Coin) in your account. By using BNB to pay for trading fees, you can get a discount of up to 25%. So, if you're a frequent trader on Binance, it's worth considering holding some BNB to save on fees.
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• Dhandapani AJul 16, 2023 · 2 years ago
  When it comes to trading fees, Binance is known for its competitive rates. The standard trading fee is 0.1%, which is relatively low compared to other exchanges. Additionally, Binance offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be. This makes Binance an attractive option for high-volume traders. It's important to note that Binance also charges withdrawal fees, which vary depending on the cryptocurrency you're withdrawing. You can find the complete fee schedule on Binance's website.
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• Gu WeiNov 14, 2020 · 5 years ago
  As an expert in the cryptocurrency industry, I can confidently say that Binance charges reasonable fees for cryptocurrency trading. With a trading fee of 0.1%, Binance is on par with other major exchanges. The fee discount offered for using BNB is a great incentive for traders to hold BNB in their accounts. This not only reduces trading fees but also adds value to the BNB token itself. Overall, Binance's fee structure is transparent and fair, making it a popular choice among cryptocurrency traders.
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