How much does Binance charge for selling cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  When selling cryptocurrencies on Binance, the fees charged depend on the trading volume. For spot trading, the fees range from 0.1% to 0.02% based on the maker/taker model. The higher the trading volume, the lower the fees. It's important to note that Binance offers fee discounts for users who hold BNB, the native cryptocurrency of the Binance exchange. By using BNB to pay for fees, users can enjoy additional discounts. So, if you plan on selling cryptocurrencies on Binance, it's worth considering holding some BNB to save on fees.
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• Dec 18, 2021 · 3 years ago
  Selling cryptocurrencies on Binance comes with fees, but they are relatively competitive compared to other exchanges. The fees are based on a tiered structure, where the more you trade, the lower the fees. For example, if you have a monthly trading volume of less than 50 BTC, the fees are 0.1% for both makers and takers. However, if your monthly trading volume exceeds 150,000 BTC, the fees drop to 0.02% for makers and 0.04% for takers. So, the fees charged by Binance for selling cryptocurrencies are dynamic and depend on your trading volume.
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• Dec 18, 2021 · 3 years ago
  When it comes to selling cryptocurrencies on Binance, the fees are determined by the trading volume and the maker/taker model. The maker fee is charged when you add liquidity to the market by placing a limit order that doesn't get immediately matched. The taker fee is charged when you remove liquidity from the market by placing an order that gets immediately matched. The fees range from 0.1% to 0.02% depending on your trading volume. Binance also offers fee discounts for users who hold BNB, their native cryptocurrency. By using BNB to pay for fees, you can get up to 25% discount. So, if you're planning to sell cryptocurrencies on Binance, it's worth considering the trading volume and the benefits of using BNB to save on fees.
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