How does Binance calculate maker and taker fees for cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Binance calculates maker and taker fees based on the trading volume and the user's VIP level. The maker fee is charged when a user adds liquidity to the order book by placing a limit order that doesn't immediately match with an existing order. The taker fee is charged when a user removes liquidity from the order book by placing an order that matches with an existing order. The fee structure varies depending on the user's VIP level, with lower fees for higher VIP levels. Binance provides a detailed fee schedule on their website for reference.
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• Dec 17, 2021 · 3 years ago
  Maker and taker fees on Binance are calculated differently for spot trading and futures trading. For spot trading, the maker fee ranges from 0.02% to 0.10%, while the taker fee ranges from 0.04% to 0.10%. The exact fee percentage depends on the user's VIP level and trading volume. For futures trading, the maker fee ranges from -0.010% to 0.020%, which means makers can actually earn a rebate, while the taker fee ranges from 0.040% to 0.100%. It's important to note that fees may be subject to change, so it's always a good idea to check the latest fee schedule on Binance's website.
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• Dec 17, 2021 · 3 years ago
  When it comes to calculating maker and taker fees, BYDFi takes a similar approach to Binance. They also consider the trading volume and the user's VIP level to determine the fees. However, the fee structure and percentages may differ from Binance. It's recommended to visit BYDFi's website or contact their customer support for the most up-to-date information on their fee calculation methods.
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