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TagsWhat are the fees associated with using the Binance app for trading?
Mauro VargasDec 20, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the fees associated with using the Binance app for trading? I would like to know the different types of fees, such as trading fees, withdrawal fees, and any other fees that may apply. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available.
1 answers
- When it comes to using the Binance app for trading, you can expect to encounter various fees. The most common fee is the trading fee, which is charged when you buy or sell cryptocurrencies on the platform. The trading fee is typically a small percentage of the total transaction amount and can range from 0.1% to 0.02%. Binance also charges withdrawal fees when you transfer your cryptocurrencies to an external wallet. These fees vary depending on the specific cryptocurrency and can be found on the Binance website. It's worth noting that Binance occasionally offers promotions and discounts on trading fees, so it's a good idea to keep an eye out for any ongoing promotions to potentially save on fees.Dec 20, 2021 · 3 years ago
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