common-close-0
BYDFi
Trade wherever you are!

Do I have to pay any fees for trading digital assets on Binance?

avatarJamalDec 22, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with trading digital assets on Binance? I want to make sure I understand the costs involved before I start trading.

Do I have to pay any fees for trading digital assets on Binance?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    Yes, there are fees for trading digital assets on Binance. Binance charges a flat fee of 0.1% for both makers and takers. This means that for every trade you make, you will be charged 0.1% of the total value of the trade. However, Binance offers a discount on trading fees if you hold BNB (Binance Coin) in your account. By using BNB to pay for trading fees, you can get up to a 25% discount.
  • avatarDec 22, 2021 · 3 years ago
    Absolutely! When it comes to trading digital assets on Binance, there are fees involved. Binance charges a 0.1% fee for both makers and takers. This means that for every trade you execute, Binance will deduct 0.1% of the total trade value as a fee. However, you can reduce your trading fees by using BNB (Binance Coin) to pay for them. By doing so, you can enjoy a discount of up to 25% on your trading fees.
  • avatarDec 22, 2021 · 3 years ago
    Yes, there are fees for trading digital assets on Binance. Binance charges a flat fee of 0.1% for both makers and takers. However, if you hold BNB (Binance Coin) in your account, you can use it to pay for trading fees and get a discount. The discount starts at 25% in the first year and gradually decreases over time. So, if you plan to trade frequently on Binance, it's worth considering holding some BNB to save on fees.