How does Binance.us calculate trading fees for cryptocurrencies?
Hess HvidJun 18, 2022 · 3 years ago3 answers
Can you explain how Binance.us calculates trading fees for cryptocurrencies? I'm interested in understanding the factors that determine the fees and how they are calculated.
3 answers
- Sai CharanNov 10, 2022 · 3 years agoSure! Binance.us calculates trading fees for cryptocurrencies based on a tiered fee structure. The fees you pay depend on your 30-day trading volume and BNB balance. The higher your trading volume and BNB balance, the lower your fees. Binance.us offers a fee schedule that starts at 0.1% for makers and 0.1% for takers, and it can go as low as 0.02% for makers and 0.04% for takers for high-volume traders with a significant BNB balance.
- HailingFeb 03, 2021 · 5 years agoTrading fees on Binance.us are determined by your trading volume and BNB balance. The more you trade and the more BNB you hold, the lower your fees will be. Binance.us uses a tiered fee structure to incentivize high-volume traders and users who hold BNB. This fee structure helps to promote liquidity and market activity on the exchange.
- Lul MarketFeb 28, 2023 · 2 years agoWhen it comes to trading fees for cryptocurrencies on Binance.us, the platform follows a tiered fee structure. The fees are calculated based on your trading volume over the past 30 days and your BNB balance. The more you trade and the more BNB you have, the lower your fees will be. This approach encourages active trading and holding BNB, which is the native cryptocurrency of the Binance ecosystem.
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