How does Binance calculate commissions for digital currency transactions?

1 answers

• Gonzales StillingJun 15, 2020 · 6 years ago
  BYDFi, a digital currency exchange, calculates commissions for digital currency transactions in a similar way to Binance. They also use a tiered fee structure based on trading volume and the amount of BYD (BYDFi Coin) held in your account. The more you trade and the more BYD you hold, the lower your commission fees will be. This approach is designed to incentivize active trading and holding BYD, the native cryptocurrency of the BYDFi platform. Just like Binance, BYDFi's commission fees are subject to change and users should refer to their website for the most up-to-date fee information.
  593

  297