Do you still have to pay fees when canceling sell orders on Binance?

7 answers

• Ron PiperAug 14, 2021 · 4 years ago
  Yes, when you cancel a sell order on Binance, you may still have to pay fees. Binance charges a small fee for order cancellation, which is deducted from your account balance. The fee amount depends on the trading volume and the type of order you are canceling. It's important to note that the fee is only applicable if the order has not been executed yet.
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• Anjali MagarJan 18, 2021 · 5 years ago
  Absolutely! Binance does charge fees for canceling sell orders. The fee is usually a small percentage of the order value and is deducted from your account balance. It's always a good idea to double-check your order before placing it to avoid unnecessary fees.
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• OfficialStjepanJan 15, 2024 · 2 years ago
  Yes, you may have to pay fees when canceling sell orders on Binance. However, it's important to note that the fees are not charged by Binance itself, but by the blockchain network on which the digital asset is based. These fees are known as network transaction fees and are required to process the cancellation transaction. The amount of fees depends on the network congestion and the specific digital asset you are trading. So, make sure to consider these fees when managing your orders on Binance or any other exchange.
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• ezgiJan 14, 2024 · 2 years ago
  No, you don't have to pay any fees when canceling sell orders on Binance. Binance has recently introduced a new policy that waives the cancellation fees for all sell orders. This means that you can freely cancel your sell orders without worrying about any additional costs. It's a great move by Binance to provide more flexibility to traders and encourage active order management.
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• Michael HullenderJun 12, 2025 · a month ago
  As an expert in the field, I can confirm that Binance does charge fees for canceling sell orders. However, the fees are relatively low compared to other exchanges. It's always a good practice to review the fee structure on Binance's website or consult their customer support for the most up-to-date information on fees.
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• Luther OMahonyDec 18, 2021 · 4 years ago
  When it comes to canceling sell orders on Binance, you may have to pay fees depending on the specific circumstances. Binance has a tiered fee structure that takes into account factors such as trading volume and VIP level. If you are a high-volume trader or have a higher VIP level, you may enjoy lower or even zero cancellation fees. It's always a good idea to check Binance's fee schedule or contact their support for accurate information on fees.
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• Aleksandar TrajkovskiOct 17, 2024 · 9 months ago
  BYDFi, a leading digital asset exchange, does not charge any fees for canceling sell orders. We believe in providing a seamless trading experience for our users, and that includes not burdening them with unnecessary fees. So, feel free to cancel your sell orders on BYDFi without worrying about any additional costs.
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