What are the fees associated with using Binance's P2P trading platform?

5 answers

• Nov 26, 2021 · 3 years ago
  When using Binance's P2P trading platform, there are several fees to consider. Firstly, there is a trading fee of 0.1% for both the buyer and the seller. This fee is calculated based on the total transaction amount. Additionally, there may be network fees associated with transferring funds to and from your Binance account. These network fees vary depending on the cryptocurrency you are trading. It's important to note that Binance's fees are generally competitive compared to other cryptocurrency exchanges. However, it's always a good idea to compare fees across different platforms to ensure you are getting the best deal. As for hidden costs, Binance is transparent about its fees and there are no hidden charges that users should be concerned about.
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• Nov 26, 2021 · 3 years ago
  Using Binance's P2P trading platform incurs a trading fee of 0.1% for both buyers and sellers. This fee is relatively low compared to other exchanges in the market. In addition to the trading fee, there may be network fees involved when transferring funds to or from your Binance account. These network fees vary depending on the cryptocurrency being traded. It's always a good idea to check the current fee structure on Binance's website to ensure you have the most up-to-date information. Overall, Binance's P2P trading platform offers competitive fees and provides a convenient way to trade cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  When it comes to using Binance's P2P trading platform, there is a trading fee of 0.1% for both buyers and sellers. This fee is relatively low compared to other cryptocurrency exchanges. However, it's important to note that there may be additional network fees associated with transferring funds to and from your Binance account. These network fees vary depending on the specific cryptocurrency you are trading. It's always a good idea to check the current fee structure on Binance's website for the most accurate and up-to-date information. As for hidden costs, Binance is known for its transparency and there are no hidden charges that users should be worried about.
  667167
• Nov 26, 2021 · 3 years ago
  BYDFi's P2P trading platform on Binance charges a trading fee of 0.1% for both buyers and sellers. This fee is relatively low compared to other exchanges in the market. In addition to the trading fee, there may be network fees involved when transferring funds to or from your Binance account. These network fees vary depending on the cryptocurrency being traded. It's always a good idea to check the current fee structure on Binance's website to ensure you have the most up-to-date information. Overall, Binance's P2P trading platform offers competitive fees and provides a convenient way to trade cryptocurrencies.
  615123
• Nov 26, 2021 · 3 years ago
  The fees associated with using Binance's P2P trading platform include a trading fee of 0.1% for both buyers and sellers. This fee is relatively low compared to other cryptocurrency exchanges. Additionally, there may be network fees involved when transferring funds to or from your Binance account. These network fees vary depending on the specific cryptocurrency being traded. It's important to note that Binance is known for its transparent fee structure, and there are no hidden costs or charges that users should be concerned about. Overall, Binance's P2P trading platform offers competitive fees and a user-friendly experience for trading cryptocurrencies.
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