Are there any transaction fees on Binance for cryptocurrency trades?

1 answers

• Erasto BentleyJul 09, 2023 · 2 years ago
  Absolutely! Binance does have transaction fees for cryptocurrency trades. The fees are based on your trading volume and whether you are a maker or taker. Makers, who add liquidity to the market, enjoy lower fees compared to takers, who remove liquidity. The fees for makers range from 0.1% to 0.02%, while the fees for takers range from 0.1% to 0.04%. It's worth mentioning that Binance offers a fee discount if you hold their native cryptocurrency, BNB, in your account. So, if you're a frequent trader, it's a good idea to consider using BNB to pay for your fees and save some money!
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