common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with trading on Binance.com?

avatarSibi 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.

What are the fees associated with trading on Binance.com?

1 answers

  • avatarDec 20, 2021 · 3 years ago
    Trading 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.