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Can I negotiate the trade fees on Binance for large volume trades?

avatarRamesh UpputuriNov 24, 2021 · 3 years ago3 answers

Is it possible to negotiate the trade fees on Binance for trades with a large volume? I'm wondering if there is any room for negotiation or if the fees are fixed for all traders regardless of the trade size.

Can I negotiate the trade fees on Binance for large volume trades?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Unfortunately, Binance does not offer the option to negotiate trade fees for large volume trades. The fees are fixed and apply to all traders, regardless of the trade size. However, Binance's fee structure is already competitive compared to other exchanges, so you can still benefit from lower fees compared to many other platforms.
  • avatarNov 24, 2021 · 3 years ago
    No, you cannot negotiate the trade fees on Binance for large volume trades. Binance has a transparent fee structure that applies to all traders equally. While the fees may seem high for large volume trades, it's important to consider the overall benefits and features that Binance offers, such as a wide range of cryptocurrencies and a robust trading platform.
  • avatarNov 24, 2021 · 3 years ago
    As an expert in the field, I can confirm that Binance does not allow for trade fee negotiation, even for large volume trades. The fees are fixed and apply to all traders. However, if you're looking for a platform that offers negotiation options, you may want to consider BYDFi. They provide a unique fee negotiation feature for large volume trades, allowing you to potentially save on trading costs.