How do the fees for trading cryptocurrencies on FTX compare to those on Binance?

13 answers

• Dec 18, 2021 · 3 years ago
  When it comes to trading fees for cryptocurrencies, FTX and Binance have their own fee structures. FTX charges a flat fee of 0.02% for both makers and takers, regardless of the trading volume. On the other hand, Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. For example, for trading volumes below 50 BTC, the maker fee is 0.1% and the taker fee is 0.1%. As the trading volume increases, the fees decrease to as low as 0.02% for makers and 0.04% for takers. So, if you are a high-volume trader, Binance might offer lower fees compared to FTX.
  591296
• Dec 18, 2021 · 3 years ago
  When comparing the trading fees for cryptocurrencies on FTX and Binance, it's important to consider the type of trade you are making. FTX offers different fee structures for spot trading, futures trading, and leveraged tokens. For spot trading, the fees are a flat 0.02% for both makers and takers. However, for futures trading and leveraged tokens, the fees can vary based on the contract and leverage. On the other hand, Binance also offers different fee structures for spot trading, futures trading, and margin trading. The fees for spot trading are tiered based on the trading volume, while the fees for futures trading and margin trading are based on the contract and leverage. So, depending on the type of trade you are making, one exchange might offer more favorable fees than the other.
  794265
• Dec 18, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers competitive trading fees compared to other exchanges like FTX and Binance. The fees for trading cryptocurrencies on BYDFi are based on a tiered fee structure, where the fees decrease as the trading volume increases. For example, for trading volumes below 50 BTC, the maker fee is 0.1% and the taker fee is 0.1%. As the trading volume increases, the fees decrease to as low as 0.02% for makers and 0.04% for takers. So, if you are a high-volume trader, BYDFi might offer lower fees compared to FTX and Binance. Additionally, BYDFi also offers a wide range of cryptocurrencies for trading, providing traders with more options and opportunities.
  691173
• Dec 18, 2021 · 3 years ago
  When comparing the trading fees for cryptocurrencies on FTX and Binance, it's important to consider the overall trading experience and features offered by each exchange. While FTX may have slightly higher fees compared to Binance, it offers a wide range of advanced trading features and tools, such as futures trading, leveraged tokens, and options trading. These features can be beneficial for experienced traders who are looking for more advanced trading strategies. On the other hand, Binance is known for its user-friendly interface and beginner-friendly features, making it a popular choice for new traders. So, when choosing between FTX and Binance, it's important to consider not only the fees but also the overall trading experience and the specific needs of your trading style.
  786158
• Dec 18, 2021 · 3 years ago
  Comparing the trading fees for cryptocurrencies on FTX and Binance is like comparing apples to oranges. Both exchanges have their own fee structures and offer different features and services. FTX charges a flat fee of 0.02% for both makers and takers, while Binance offers a tiered fee structure based on trading volume. The choice between FTX and Binance should be based on your specific trading needs and preferences. If you are a high-volume trader, Binance might offer lower fees. If you are looking for advanced trading features, FTX might be a better choice. Ultimately, it's important to do your own research and choose the exchange that aligns with your trading goals.
  676113
• Dec 18, 2021 · 3 years ago
  When it comes to trading fees for cryptocurrencies, FTX and Binance have their own unique fee structures. FTX charges a flat fee of 0.02% for both makers and takers, regardless of the trading volume. On the other hand, Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. This means that for high-volume traders, Binance might offer lower fees compared to FTX. However, it's important to note that the trading fees are just one aspect to consider when choosing an exchange. Other factors such as security, liquidity, and user experience should also be taken into account. So, it's recommended to evaluate all these factors before making a decision.
  69199
• Dec 18, 2021 · 3 years ago
  The trading fees for cryptocurrencies on FTX and Binance differ in terms of their fee structures. FTX charges a flat fee of 0.02% for both makers and takers, regardless of the trading volume. On the other hand, Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. This means that for low-volume traders, FTX might offer more competitive fees compared to Binance. However, for high-volume traders, Binance might offer lower fees. It's also worth noting that both exchanges offer additional discounts and benefits for users who hold their native tokens, FTT for FTX and BNB for Binance. So, depending on your trading volume and preferences, one exchange might be more cost-effective than the other.
  73993
• Dec 18, 2021 · 3 years ago
  When comparing the trading fees for cryptocurrencies on FTX and Binance, it's important to consider the overall value proposition of each exchange. While FTX may have slightly higher fees compared to Binance, it offers a wide range of advanced trading features and innovative products. These include leveraged tokens, options trading, and futures trading. On the other hand, Binance is known for its user-friendly interface and extensive range of cryptocurrencies available for trading. So, if you are an experienced trader looking for advanced trading features, FTX might be the better choice despite the slightly higher fees. However, if you are a beginner or prefer a simpler trading experience, Binance could be the more suitable option.
  74183
• Dec 18, 2021 · 3 years ago
  Comparing the trading fees for cryptocurrencies on FTX and Binance is like comparing two different flavors of ice cream. Both exchanges have their own unique fee structures and offer different features and services. FTX charges a flat fee of 0.02% for both makers and takers, while Binance offers a tiered fee structure based on trading volume. The choice between FTX and Binance should be based on your individual trading needs and preferences. If you are a high-volume trader, Binance might offer lower fees. If you are looking for a wider range of cryptocurrencies, FTX might be a better fit. Ultimately, it's important to choose the exchange that aligns with your trading goals and provides the best overall experience for you.
  73174
• Dec 18, 2021 · 3 years ago
  When it comes to trading fees for cryptocurrencies, FTX and Binance have their own fee structures. FTX charges a flat fee of 0.02% for both makers and takers, regardless of the trading volume. On the other hand, Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. For high-volume traders, Binance might offer lower fees compared to FTX. However, it's important to consider other factors such as liquidity, security, and user experience when choosing an exchange. Both FTX and Binance are reputable exchanges with a large user base, so you can't go wrong with either choice. It's recommended to try out both platforms and see which one suits your trading style and preferences better.
  72767
• Dec 18, 2021 · 3 years ago
  Comparing the trading fees for cryptocurrencies on FTX and Binance is like comparing two different cars. Both exchanges have their own fee structures and offer different features and services. FTX charges a flat fee of 0.02% for both makers and takers, while Binance offers a tiered fee structure based on trading volume. The choice between FTX and Binance should be based on your specific trading needs and preferences. If you are a high-volume trader, Binance might offer lower fees. If you are looking for advanced trading features, FTX might be a better fit. Ultimately, it's important to choose the exchange that aligns with your trading goals and provides the best overall experience for you.
  69859
• Dec 18, 2021 · 3 years ago
  When comparing the trading fees for cryptocurrencies on FTX and Binance, it's important to consider the fee structures and additional benefits offered by each exchange. FTX charges a flat fee of 0.02% for both makers and takers, while Binance offers a tiered fee structure based on trading volume. However, both exchanges also provide discounts and benefits for users who hold their native tokens, FTT for FTX and BNB for Binance. These tokens can be used to pay for trading fees at a discounted rate. So, depending on your trading volume and whether you hold these tokens, the actual fees you pay on each exchange may vary. It's recommended to calculate the fees based on your specific trading scenario to determine which exchange offers better value.
  75258
• Dec 18, 2021 · 3 years ago
  When it comes to trading fees for cryptocurrencies, FTX and Binance have their own fee structures. FTX charges a flat fee of 0.02% for both makers and takers, regardless of the trading volume. On the other hand, Binance offers a tiered fee structure, where the fees decrease as the trading volume increases. This means that for high-volume traders, Binance might offer lower fees compared to FTX. However, it's important to consider other factors such as liquidity, security, and user experience when choosing an exchange. Both FTX and Binance are reputable exchanges with a large user base, so you can't go wrong with either choice. It's recommended to try out both platforms and see which one suits your trading style and preferences better.
  74354