There are many cryptocurrency exchanges out there and each have different rules when it comes to fees. Binance is one of the most popular exchanges and they have a very straightforward fee structure.
You only have to pay fees on Binance when you are making trades and not when you are transferring funds into or out of the exchange.
The fees you pay on Binance depend on which currency you are trading. If you are trading in one of the major currencies like Bitcoin, Ethereum, or Litecoin, then you will only pay a 0.1% fee.
However, if you are trading in a less popular currency, then you may have to pay a higher fee. The fees on Binance are very reasonable when compared to other exchanges.
One thing to keep in mind is that if you are using a credit or debit card to fund your account, then you will be charged an additional 3.5% fee.
So, it is always cheaper to fund your account with cryptocurrency rather than fiat currency.
Overall, the fees on Binance are very reasonable and they are one of the best exchanges out there when it comes to fees. So, if you are looking to trade cryptocurrencies, then Binance is a great option for you.