Binance, one of the world’s largest cryptocurrency exchanges, does not charge any fees for converting between cryptocurrencies. That said, there are still some costs associated with trading on Binance.
For starters, when you make a trade on Binance, you will be charged a small fee by the exchange. This fee is generally very small – usually just a few cents or less.
However, if you are trading large amounts of cryptocurrency, these fees can add up.
In addition to the fees charged by Binance, you will also have to pay “network fees” when you make a trade. These fees go to the miners who process and confirm transactions on the blockchain.
The amount of these fees varies depending on the cryptocurrency being traded and the current network conditions.
So, while there are no fees charged by Binance for converting between cryptocurrencies, there are still some costs associated with trading on the exchange. These costs can vary depending on the cryptocurrencies being traded and the current market conditions.