What are the transaction fees charged by Binance for each cryptocurrency transaction?

3 answers

• Sofia ViPOct 31, 2022 · 3 years ago
  Sure! Binance charges a flat fee of 0.1% for each cryptocurrency transaction. This fee applies to both market makers and market takers. Market makers are those who place limit orders that are not immediately matched with an existing order on the order book. Market takers are those who place market orders or limit orders that are immediately matched with an existing order on the order book. The 0.1% fee is deducted from the total value of the transaction.
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• Ayhan SalihJun 02, 2024 · a year ago
  The transaction fees charged by Binance for each cryptocurrency transaction are quite reasonable. They charge a flat fee of 0.1% for both market makers and market takers. This fee is deducted from the total value of the transaction. It's important to note that Binance offers a tiered fee structure based on the user's trading volume and BNB holdings. The more you trade and the more BNB you hold, the lower your fees will be. So, if you're a frequent trader, it's worth considering holding some BNB to reduce your transaction fees.
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• Arvind Pratap SinghJul 29, 2021 · 4 years ago
  When it comes to transaction fees, Binance is known for its competitive pricing. For each cryptocurrency transaction, Binance charges a flat fee of 0.1%. This fee is deducted from the total value of the transaction. However, it's worth mentioning that Binance offers a fee discount of up to 25% for users who hold BNB, the native cryptocurrency of the Binance platform. So, if you're a regular trader on Binance, it's a good idea to consider holding some BNB to enjoy reduced transaction fees.
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