What are the fees associated with trading on Binance cryptocurrency exchange?

3 answers

• Sneha GujjannavarJan 31, 2021 · 5 years ago
  Trading on Binance cryptocurrency exchange involves several types of fees. Firstly, there is a trading fee which is charged for each trade you make. The trading fee is calculated based on your trading volume over the past 30 days and your BNB balance. The more you trade and the more BNB you hold, the lower your trading fee will be. Additionally, there may be withdrawal fees depending on the cryptocurrency you are withdrawing. These fees vary depending on the blockchain network and are used to cover the transaction costs. It's important to note that Binance offers a fee discount if you use BNB to pay for trading fees.
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• Gordon PaghOct 12, 2020 · 5 years ago
  When trading on Binance, you will encounter various fees. The trading fee is the most common fee, which is charged for each trade you make. This fee is based on your trading volume and can range from 0.1% to 0.02%. Binance also charges withdrawal fees, which vary depending on the cryptocurrency you are withdrawing. These fees are used to cover the network transaction costs. It's worth mentioning that Binance offers a fee discount if you hold BNB, their native cryptocurrency. By using BNB to pay for trading fees, you can enjoy a reduced fee rate.
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• Man FeudalJul 10, 2022 · 3 years ago
  Trading on Binance cryptocurrency exchange comes with its own set of fees. The trading fee is determined by your trading volume and BNB balance. The more you trade and the more BNB you hold, the lower your trading fee will be. Additionally, there are withdrawal fees for each cryptocurrency, which vary depending on the blockchain network. These fees are used to cover the transaction costs. If you are a frequent trader, it's worth considering holding BNB as it can help reduce your trading fees. BNB can be used to pay for trading fees at a discounted rate.
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