Are there any fees associated with using tether on Binance?

5 answers

• Sp SpriteMar 27, 2021 · 5 years ago
  Yes, there are fees associated with using tether on Binance. When you deposit tether into your Binance account, there is a small fee charged by the network for processing the transaction. Additionally, when you trade tether for other cryptocurrencies on Binance, there is a trading fee that is applied. The trading fee is based on your trading volume and can range from 0.1% to 0.2% per trade. It's important to keep these fees in mind when using tether on Binance to ensure you are aware of the costs involved.
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• McNally SheppardDec 30, 2022 · 3 years ago
  Absolutely! Using tether on Binance comes with some fees. When you deposit tether, there is a network fee that you need to pay. This fee is charged by the tether network and not by Binance. Additionally, when you trade tether for other cryptocurrencies on Binance, there is a trading fee involved. The trading fee is based on your trading volume and can vary. It's always a good idea to check the fee schedule on Binance's website to get the most up-to-date information on the fees associated with using tether.
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• Abernathy SchmittFeb 22, 2023 · 3 years ago
  Yes, there are fees associated with using tether on Binance. When you deposit tether into your Binance account, there is a small fee charged by the tether network to process the transaction. This fee is not set by Binance and may vary depending on the network congestion. Additionally, when you trade tether for other cryptocurrencies on Binance, there is a trading fee that applies. The trading fee is based on your trading volume and can be found on Binance's fee schedule. It's important to factor in these fees when considering the use of tether on Binance.
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• Bush McManusNov 17, 2024 · a year ago
  Using tether on Binance does come with fees. When you deposit tether into your Binance account, there is a network fee that you need to pay. This fee is charged by the tether network and not by Binance. Additionally, when you trade tether for other cryptocurrencies on Binance, there is a trading fee involved. The trading fee is based on your trading volume and can vary. It's always a good idea to check Binance's fee schedule for the most accurate and up-to-date information on the fees associated with using tether.
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• dgseoOct 23, 2022 · 3 years ago
  Yes, there are fees associated with using tether on Binance. When you deposit tether into your Binance account, there is a small fee charged by the tether network for processing the transaction. This fee is not set by Binance and may vary depending on the network conditions. Additionally, when you trade tether for other cryptocurrencies on Binance, there is a trading fee that applies. The trading fee is based on your trading volume and can be found on Binance's website. Make sure to consider these fees when using tether on Binance to avoid any surprises.
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