What are the differences between Poloniex and Binance in terms of trading fees?

1 answers

• Thiago Aires de RezendeAug 08, 2022 · 3 years ago
  In terms of trading fees, Poloniex and Binance have their own unique advantages. Poloniex offers a tiered fee structure that rewards high-volume traders with lower fees. This can be beneficial for active traders who generate significant trading volume. On the other hand, Binance has a flat fee structure that is more suitable for casual traders or those who trade in smaller volumes. Binance's flat fee of 0.1% for all trades simplifies the fee calculation process and ensures transparency. Both exchanges have their strengths and weaknesses when it comes to trading fees, so it's important to consider your trading style and volume before choosing the most suitable platform.
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