Binance, one of the world’s largest cryptocurrency exchanges by trading volume, does not charge fees for trading.
This may come as a surprise to some, as most exchanges do charge fees – typically a percentage of the total trade value – but Binance has always been different.
The company has always been focused on user experience and making crypto accessible to everyone, and part of that is offering free trading.
Of course, nothing is truly free – Binance makes money in other ways, such as through listing fees and its native Binance Coin (BNB).
But for those looking to trade cryptocurrencies on Binance, there are no fees. You will only ever pay the network transaction fee when you make a trade.
This is a big advantage for traders, as it means more of your money goes towards actual profits instead of being taken by the exchange.
It also makes Binance one of the most affordable exchanges to use, which is another reason for its popularity.
So if you’re wondering whether Binance charges fees in trading, the answer is no. You can trade without worry about any extra costs.