What are the fees associated with trading on Binance.com?
Sibi SudhanDec 20, 2021 · 3 years ago1 answers
Can you please provide a detailed description of the fees associated with trading on Binance.com? I would like to know the different types of fees, their amounts, and how they are calculated.
1 answers
- Dec 20, 2021 · 3 years agoTrading on Binance.com comes with certain fees. The maker fee is applicable when you add liquidity to the market by placing a limit order that is not immediately matched. Conversely, the taker fee is charged when you remove liquidity from the market by placing an order that is immediately matched. The maker and taker fees are determined by your trading volume over the past 30 days. The fee percentage decreases as your trading volume increases, ranging from 0.02% to 0.10%. Additionally, Binance offers a VIP program that provides fee discounts based on your BNB balance and trading volume. The more you trade and hold BNB, the lower your fees will be. It's important to note that these fees are subject to change, so it's always a good idea to check the Binance website for the most up-to-date fee structure.
Related Tags
Hot Questions
- 91
What are the best digital currencies to invest in right now?
- 78
How can I minimize my tax liability when dealing with cryptocurrencies?
- 65
How can I buy Bitcoin with a credit card?
- 55
What are the best practices for reporting cryptocurrency on my taxes?
- 47
How does cryptocurrency affect my tax return?
- 44
How can I protect my digital assets from hackers?
- 41
Are there any special tax rules for crypto investors?
- 29
What are the tax implications of using cryptocurrency?