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TagsWhat are the fees involved in selling Bitcoin on Binance?
Divy ObizueDec 17, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the fees associated with selling Bitcoin on Binance? I would like to know the different types of fees, how they are calculated, and if there are any additional charges to be aware of.
1 answers
- As an expert in the field, I can provide you with a comprehensive breakdown of the fees involved in selling Bitcoin on Binance. When you sell Bitcoin on Binance, you will encounter a trading fee. The trading fee is calculated based on your trading volume and ranges from 0.1% to 0.02%. The more you trade, the lower the fee percentage. Additionally, there may be a withdrawal fee if you choose to transfer your Bitcoin to an external wallet. The withdrawal fee varies depending on the amount of Bitcoin you are withdrawing. It's worth noting that Binance offers a fee discount if you use their native cryptocurrency, BNB, to pay for fees. By using BNB, you can enjoy a 25% discount on trading fees. For the most accurate and up-to-date information on fees, it's recommended to refer to Binance's fee schedule on their official website.Dec 17, 2021 · 3 years ago
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