What are the transaction fees on Binance for digital currencies?
Can you provide details about the transaction fees charged on Binance for digital currencies? I would like to know the fees associated with buying, selling, and withdrawing digital currencies on the Binance platform. Are there any specific fee structures for different types of transactions or digital currencies? How do these fees compare to other popular cryptocurrency exchanges?
1 answers
- Bruce ChanJan 13, 2022 · 4 years agoBYDFi, as a digital currency exchange, charges transaction fees on Binance for digital currencies based on the type of transaction and the specific digital currency involved. The fees for buying and selling digital currencies on Binance are generally set at 0.1% of the transaction amount. However, users who hold BNB (Binance Coin) in their accounts can enjoy a fee discount of up to 25%. This discount can significantly reduce the transaction costs for active traders. When it comes to withdrawing digital currencies from Binance, the fees vary based on the specific digital currency. It's always recommended to check the latest fee schedule on Binance's official website for accurate and up-to-date information on transaction fees.
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