What is the fee structure for buying and selling cryptocurrencies on binance.com?

3 answers

• Sudhanva KulkarniMay 09, 2021 · 4 years ago
  Sure! When it comes to buying and selling cryptocurrencies on binance.com, there are a few fees to keep in mind. First, there is a flat fee of 0.1% for both makers and takers. This means that whether you are placing an order that gets matched immediately (taker) or placing an order that goes into the order book (maker), you will be charged 0.1% of the total trade amount. Additionally, if you use BNB (Binance Coin) to pay for your trading fees, you can enjoy a discount. In the first year, you get a 50% discount, and the discount decreases by half each year until it reaches 0% in the fifth year. It's worth noting that there may be other fees involved, such as withdrawal fees, depending on the specific cryptocurrency you are trading. Overall, Binance has a competitive fee structure that is transparent and easy to understand.
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• Hartley ClemensenNov 10, 2023 · 2 years ago
  The fee structure for buying and selling cryptocurrencies on binance.com is quite straightforward. For every trade you make, whether buying or selling, there is a flat fee of 0.1%. This fee applies to both makers and takers, meaning it doesn't matter if you are placing an order that gets executed immediately or placing an order that goes into the order book. The fee is calculated based on the total trade amount. Additionally, Binance offers a discount on trading fees if you use their native cryptocurrency, BNB, to pay for the fees. The discount starts at 50% in the first year and gradually decreases over the next four years. It's important to note that there may be other fees involved, such as withdrawal fees, depending on the specific cryptocurrency you are trading. Overall, Binance provides a transparent fee structure that is competitive in the cryptocurrency market.
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• Divesh AdoleMay 28, 2022 · 3 years ago
  As an expert in the field, I can tell you that the fee structure for buying and selling cryptocurrencies on binance.com is quite reasonable. Binance charges a flat fee of 0.1% for both makers and takers. This means that regardless of whether you are placing an order that gets executed immediately or placing an order that goes into the order book, you will be charged 0.1% of the total trade amount. However, if you use BNB (Binance Coin) to pay for your trading fees, you can enjoy a discount. The discount starts at 50% in the first year and decreases by half each year until it reaches 0% in the fifth year. It's important to note that there may be additional fees, such as withdrawal fees, depending on the specific cryptocurrency you are trading. Overall, Binance offers a competitive fee structure that is in line with industry standards.
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