What are the channel fees for trading on Binance?
Steven RiversNov 09, 2021 · 4 years ago3 answers
Can you provide more details about the channel fees for trading on Binance? How much do they charge for different types of transactions and is there any variation based on the trading volume?
3 answers
- Alec SaundersNov 18, 2022 · 3 years agoSure! Binance charges a flat fee of 0.1% for both makers and takers. This means that whether you are placing a buy or sell order, you will be charged 0.1% of the total transaction value. The fees remain the same regardless of the trading volume. So, whether you are trading $100 or $1,000,000, the fee will still be 0.1%.
- Shivaling NeralagiApr 26, 2023 · 2 years agoThe channel fees on Binance are quite straightforward. They charge a fixed fee of 0.1% for each trade, regardless of the trading volume. This fee applies to both makers and takers. So, whether you are placing a market order or a limit order, the fee will remain the same.
- Taylor JohnsonDec 14, 2022 · 3 years agoWhen it comes to channel fees for trading on Binance, they have a flat fee structure. Both makers and takers are charged a fee of 0.1% for each trade. It's important to note that this fee is not based on the trading volume. Whether you are trading $100 or $1,000,000, the fee will remain the same. Binance is known for its transparent fee structure, which makes it easier for traders to calculate their costs.
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