What are the fees associated with buying Binance USD (BUSD) on the Binance exchange?

1 answers

• Dec 18, 2021 · 3 years ago
  When purchasing Binance USD (BUSD) on the Binance exchange, you will encounter certain fees. These fees are based on a tiered structure, which means that the more you trade, the lower the fees become. The fees are divided into maker fees and taker fees. Makers are those who provide liquidity to the market by placing limit orders, while takers are those who remove liquidity by placing market orders. The exact fee structure can be found on the Binance website, but as an example, for users with a 30-day trading volume of less than 50 BTC, the maker fee is 0.1% and the taker fee is also 0.1%. It's important to note that these fees can change and it's always a good idea to check the Binance website for the most up-to-date fee schedule. Additionally, there may be other charges such as withdrawal fees or network fees when transferring the purchased BUSD to an external wallet.
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