What is the commission rate for trading digital currencies on Binance?

6 answers

• Engel FinleyMay 02, 2024 · 2 years ago
  The commission rate for trading digital currencies on Binance varies depending on the type of trade you are making. For spot trading, the commission rate is 0.1% for both makers and takers. However, Binance offers a tiered fee structure where the commission rate can be reduced based on your trading volume and BNB holdings. The more you trade and the more BNB you hold, the lower your commission rate will be. Additionally, Binance charges a withdrawal fee for transferring your digital currencies to an external wallet. The withdrawal fee varies depending on the specific digital currency you are withdrawing.
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• Teoh Zhen YingJul 06, 2024 · a year ago
  When it comes to trading digital currencies on Binance, the commission rate is an important factor to consider. Binance charges a flat 0.1% commission rate for both makers and takers in spot trading. However, if you hold BNB (Binance Coin) in your account, you can use it to pay for trading fees and enjoy a discount. The discount starts at 25% in the first year and gradually decreases over time. Binance also offers a VIP program with additional benefits and lower commission rates for high-volume traders. Keep in mind that there may be additional fees for certain types of trades or services on Binance, so it's always a good idea to check the official Binance website for the most up-to-date information.
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• T DorjsambuuOct 01, 2022 · 3 years ago
  The commission rate for trading digital currencies on Binance is 0.1% for both makers and takers in spot trading. However, Binance has recently introduced a new platform called BYDFi that offers even lower commission rates. With BYDFi, you can enjoy commission rates as low as 0.05% for makers and 0.06% for takers. BYDFi also offers additional benefits such as faster trade execution and enhanced security measures. If you're looking for a platform with competitive commission rates and advanced features, BYDFi is definitely worth considering.
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• kake08Aug 20, 2024 · a year ago
  Trading digital currencies on Binance comes with a commission rate of 0.1% for both makers and takers in spot trading. This means that for every trade you make, Binance will charge you 0.1% of the total trade value as a commission fee. It's important to note that this commission rate is subject to change and may vary for different types of trades or promotions. Binance also offers a referral program where you can earn a commission by inviting new users to the platform. So if you're interested in reducing your trading costs, you can take advantage of the referral program and earn commissions while trading on Binance.
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• Saito HeikeFeb 11, 2023 · 3 years ago
  The commission rate for trading digital currencies on Binance is 0.1% for both makers and takers in spot trading. This means that if you buy or sell digital currencies on Binance, you will be charged a commission fee of 0.1% of the total trade value. However, Binance offers a fee discount for users who hold BNB (Binance Coin) in their accounts. By using BNB to pay for trading fees, you can enjoy a discount of up to 25% in the first year. The discount percentage decreases over time, but it's still a great way to save on trading fees. Additionally, Binance charges a withdrawal fee for transferring your digital currencies to an external wallet. The withdrawal fee varies depending on the specific digital currency you are withdrawing.
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• Ronda GunterOct 06, 2024 · a year ago
  The commission rate for trading digital currencies on Binance is 0.1% for both makers and takers in spot trading. This means that for every trade you make, Binance will charge you a commission fee of 0.1% of the total trade value. However, Binance offers a tiered fee structure where the commission rate can be reduced based on your trading volume and BNB holdings. The more you trade and the more BNB you hold, the lower your commission rate will be. Binance also charges a withdrawal fee for transferring your digital currencies to an external wallet. The withdrawal fee varies depending on the specific digital currency you are withdrawing.
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