Are there any transaction fees on Binance?

3 answers

• Casaan CadeOct 29, 2021 · 4 years ago
  Yes, Binance charges transaction fees for trades made on their platform. The fees are based on a tiered structure, which means that the fees you pay depend on your trading volume over the past 30 days. The more you trade, the lower your fees will be. The fees range from 0.1% to 0.02% per trade. Additionally, Binance offers a 25% discount on fees if you use their native cryptocurrency, BNB, to pay for the fees. Overall, Binance's transaction fees are competitive compared to other cryptocurrency exchanges.
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• Alicia HuntJul 30, 2021 · 4 years ago
  Absolutely! Like most cryptocurrency exchanges, Binance does charge transaction fees. The fees are calculated based on the trading volume and can vary depending on the type of trade you make. Binance provides a transparent fee schedule on their website, which you can refer to for detailed information. It's important to note that the fees are subject to change, so it's always a good idea to check the latest fee structure before making any trades.
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• Kragelund TrujilloOct 07, 2024 · a year ago
  Yes, there are transaction fees on Binance. The fees are based on a maker-taker model, where makers add liquidity to the order book by placing limit orders, and takers remove liquidity by placing market orders. Makers are charged a lower fee compared to takers. The fee structure is designed to incentivize market makers and promote liquidity on the platform. Binance also offers a VIP program for high-volume traders, which provides additional fee discounts and benefits. For more information on the fee structure and VIP program, you can visit Binance's official website.
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