What is the fee structure for margin trading on Binance?
Raun FinnMay 11, 2022 · 3 years ago1 answers
Can you explain the fee structure for margin trading on Binance in detail? How are the fees calculated and what are the different types of fees involved?
1 answers
- May 11, 2022 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that Binance has a transparent fee structure for margin trading. The borrowing fee is charged when you borrow funds to open a margin position, and it is calculated based on the amount borrowed and the interest rate. The interest fee is charged daily for holding the borrowed funds, and it is calculated based on the borrowed amount and the daily interest rate. The fee rates may vary depending on the cryptocurrency you are trading and the duration of your margin position. It's important to stay updated with Binance's official website for the most accurate fee information.
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