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Are there any fees involved when selling IOTA on Binance?

avatarucsdmiami2020Dec 19, 2021 · 3 years ago3 answers

What are the fees associated with selling IOTA on the Binance exchange?

Are there any fees involved when selling IOTA on Binance?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are fees involved when selling IOTA on Binance. Binance charges a flat fee of 0.1% for each trade. This fee is deducted from the amount of IOTA you sell. So, if you sell 100 IOTA, the fee would be 0.1 IOTA.
  • avatarDec 19, 2021 · 3 years ago
    When selling IOTA on Binance, you will be charged a trading fee. The fee is 0.1% of the total transaction amount. For example, if you sell 100 IOTA at a price of $1 per IOTA, the fee would be $0.10.
  • avatarDec 19, 2021 · 3 years ago
    According to BYDFi, there is a fee of 0.1% when selling IOTA on Binance. This fee is automatically deducted from the amount you sell. It's important to note that fees may vary depending on the exchange and the specific cryptocurrency being traded.