Binance is a cryptocurrency exchange that allows users to trade digital assets such as Bitcoin, Ethereum, and Litecoin. Binance charges a fee of 0.
1% on each trade. This fee is paid to the exchange in order to cover the costs associated with running the platform.
Withdrawals from Binance are also subject to a fee. The fee for withdrawing Bitcoin is 0.0005 BTC, while the fee for withdrawing Ethereum is 0.
01 ETH. These fees are necessary in order to ensure that the transaction can be processed quickly and securely.
Overall, Binance is a reliable and affordable option for those looking to trade cryptocurrencies. The fees associated with using the platform are reasonable and should not deter users from taking advantage of its many features.