What is the fee structure for Kraken and Binance when it comes to trading cryptocurrencies?

1 answers

• May 03, 2022 · 3 years ago
  As an expert in the field, I can tell you that Kraken and Binance have different fee structures when it comes to trading cryptocurrencies. Kraken charges a maker fee of 0.16% and a taker fee of 0.26% for trades with a volume below $50,000. Binance, on the other hand, has a tiered fee structure based on your trading volume and BNB holdings. The fees can range from 0.1% to 0.02% for makers and takers. It's worth mentioning that both exchanges offer discounts on trading fees if you hold their native tokens. For example, Binance offers a 25% discount on trading fees if you pay with BNB. However, please note that these fee structures are subject to change, so it's always a good idea to check the latest fee schedule on their websites.
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