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What is the strike fee for trading cryptocurrencies on Binance?

avatarMilk MartinNov 30, 2021 · 3 years ago3 answers

Can you please provide more details about the strike fee for trading cryptocurrencies on Binance? How does it work and how much does it cost?

What is the strike fee for trading cryptocurrencies on Binance?
Cryptocurrencies
Binance
Strike Fee

3 answers

  • avatarNov 30, 2021 · 3 years ago
    The strike fee for trading cryptocurrencies on Binance is a fee charged when placing a limit order that is immediately matched with an existing order on the order book. It is a way for Binance to incentivize users to provide liquidity to the market. The strike fee is 0.1% of the trading volume and is deducted from the user's account balance.
  • avatarNov 30, 2021 · 3 years ago
    When you place a limit order on Binance and it is immediately matched with an existing order, you will be charged a strike fee. The strike fee is 0.1% of the trading volume and is deducted from your account balance. It's important to note that the strike fee only applies to limit orders that are immediately matched.
  • avatarNov 30, 2021 · 3 years ago
    The strike fee for trading cryptocurrencies on Binance is 0.1% of the trading volume. It is deducted from the user's account balance when a limit order is immediately matched with an existing order. This fee helps to ensure that there is sufficient liquidity in the market and encourages users to provide liquidity by placing limit orders.

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