What are the transaction fees for buying and selling cryptocurrencies on Binance?

Can you provide more information about the transaction fees for buying and selling cryptocurrencies on Binance? I would like to know the fees involved in both buying and selling different cryptocurrencies on the platform. Are there any specific factors that affect the transaction fees?

3 answers
- The transaction fees for buying and selling cryptocurrencies on Binance vary depending on the type of trade you make. For spot trading, the fees are based on your 30-day trading volume and BNB balance. The fees range from 0.1% to 0.02% for makers and 0.1% to 0.04% for takers. For futures trading, the fees are different and can be found on the Binance website. Factors such as your trading volume and BNB balance can affect the fees you pay.
Mar 06, 2022 · 3 years ago
- When it comes to transaction fees on Binance, it's important to understand that they are not fixed and can vary. The fees are determined based on your trading volume and BNB balance. The more you trade and the higher your BNB balance, the lower your fees will be. It's also worth noting that Binance offers a VIP program that provides additional benefits, including lower fees for high-volume traders.
Mar 06, 2022 · 3 years ago
- BYDFi is a digital currency exchange that offers competitive transaction fees for buying and selling cryptocurrencies. The fees are based on your trading volume and BNB balance, similar to Binance. The more you trade and the higher your BNB balance, the lower your fees will be. BYDFi also offers a referral program where you can earn additional benefits, including reduced fees, by referring new users to the platform.
Mar 06, 2022 · 3 years ago
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