Introduction to Binance fees Binance exchange was launched in 2017 by Changpeng Zhao, and to encourage usage, it offered a 50% discount to its customers that opted to use Binance Coin (BNB) to pay for trading fees. BNB is the native Binance exchange's cryptocurrency used during the token sale to raise funds for developing and launching it. Well, by default Binance charges 1% as trading fees, and by following the tricks mentioned in this article and embedded video, you will be able to save a minimum of 35% and a maximum of 85% on your trading fees. The base fee for trades on Binance is 0.1% for makers and takers. You can reduce that by 25% (that is, to 0.075%) if you hold BNB on Binance. If you hold BNB, Binance uses that for your fee by default. You can turn that setting off if you wish, so it's a good idea to check periodically to make sure it's still on.
What are the trading fees on Binance.US. Please view Binance.US Fee Schedule for Trading and Deposit & Withdrawal Fees. Binance has a simple trading fee structure with fees starting from 0.1% for spot markets. There are also various other markets, products and types of trading activities you can engage in on Binance such as futures markets, leveraged tokens and margin trading. Each comes with a different fee structure.
Trading Fees at Binance Singapore. Trading Fees. Mobile App 2.0 Features: Favorites. What are the trading fees on Binance.US. Using BNB to Pay for Fees. Daily BNB Balance Calculation Mechanism.
If you do not use BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. Trading Fees. Mobile App 2.0 Features: Favorites. What are the trading fees on Binance.US. Using BNB to Pay for Fees. Daily BNB Balance Calculation Mechanism. Binance Bitcoin exchange charges a fee called a trading fee. This is taken from all exchanges you make on the bitcoin and crypto exchange. If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.
Paying Fees The base fee that Binance.com and Binance.US puts on trades is 0.1%, which is both for takers and makers! However, you can reduce this if you choose to hold BNB on Binance; this will reduce your fee by 25%, which will leave you with a 0.075% fee.
Trading Fee. General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee. By default, if you hold BNB in your account, your trading fees will be automatically deducted from your BNB balance. You get a 25% discount (subject to change) from your trading fee if you use BNB to pay for trading fees. The trading fees is the major source of income for Binance. This is why they want to attract many high rollers to their platform. Thinking about our previous example, a $1 on a $1000 trade seems small.