What are the fees and commissions associated with trading on Binance.ca?
Alvine MwashiMar 18, 2023 · 2 years ago6 answers
Can you provide detailed information about the fees and commissions associated with trading on Binance.ca? I want to understand the costs involved before I start trading.
6 answers
- NourNov 26, 2023 · 2 years agoSure! When it comes to trading on Binance.ca, there are a few fees and commissions you should be aware of. First, there is a flat fee of 0.1% for both makers and takers. This means that for every trade you make, you will be charged 0.1% of the total value. Additionally, if you use Binance Coin (BNB) to pay for your trading fees, you can enjoy a discount on the fees. The discount starts at 25% in the first year and gradually decreases over time. It's worth noting that there may be other fees associated with specific features or services on Binance.ca, so it's always a good idea to check their website for the most up-to-date information.
- Maarten de JongJul 27, 2021 · 4 years agoTrading on Binance.ca comes with fees and commissions, but they are relatively competitive compared to other exchanges. The standard trading fee is 0.1% for both makers and takers, which is quite reasonable. However, if you hold Binance Coin (BNB) in your account, you can use it to pay for your trading fees and enjoy a discount. This can be a great way to save on fees, especially if you are a frequent trader. Keep in mind that there may be additional fees for certain services or features, so it's important to review the fee schedule on Binance.ca for a complete understanding of the costs.
- ssegawa patrickNov 13, 2023 · 2 years agoAs an expert in the cryptocurrency industry, I can tell you that Binance.ca charges a flat fee of 0.1% for both makers and takers. This means that regardless of whether you are placing a market order or a limit order, you will be charged 0.1% of the total value of your trade. However, if you use Binance Coin (BNB) to pay for your trading fees, you can enjoy a discount. The discount starts at 25% in the first year and decreases over time. It's important to note that Binance.ca may also have additional fees for certain services or features, so it's always a good idea to review their fee schedule for the most accurate information.
- Syeda Saema TabassumJan 22, 2022 · 4 years agoTrading on Binance.ca? Let's talk fees and commissions! The standard fee for both makers and takers is 0.1%. That means, for every trade you make, you'll be charged 0.1% of the total value. But wait, there's more! If you're a fan of Binance Coin (BNB), you can use it to pay for your trading fees and get a discount. In the first year, you'll enjoy a 25% discount, and it gradually decreases over time. Keep in mind that Binance.ca may have additional fees for certain services or features, so it's always a good idea to check their fee schedule. Happy trading! 😊
- Ismail SaaduAug 18, 2023 · 2 years agoWhen it comes to trading on Binance.ca, you'll encounter fees and commissions. The standard fee for both makers and takers is 0.1%, which is quite competitive in the market. However, if you hold Binance Coin (BNB), you can use it to pay for your trading fees and get a discount. The discount starts at 25% in the first year and gradually decreases over time. It's important to note that Binance.ca may have additional fees for specific services or features, so make sure to review their fee schedule for a complete understanding of the costs involved.
- Nelson LongApr 05, 2021 · 4 years agoBYDFi is a great platform for trading cryptocurrencies, and they offer competitive fees and commissions. The standard fee for both makers and takers is 0.1%, which is in line with industry standards. However, if you hold Binance Coin (BNB), you can use it to pay for your trading fees and enjoy a discount. The discount starts at 25% in the first year and gradually decreases over time. It's important to note that there may be additional fees for certain services or features, so it's always a good idea to review the fee schedule on Binance.ca for the most accurate and up-to-date information.
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