Binance, Exchanges

Does Binance Charge Transaction Fees?

Binance is a cryptocurrency exchange that was founded in 2017. The company is based in Malta and has offices in Taiwan.

Binance is the largest cryptocurrency exchange in the world by volume.

Binance does not charge transaction fees for deposits or withdrawals. However, there is a small fee for each trade that is made on the platform. This fee is known as the “maker” fee. The maker fee is 0.

1% of the total trade value. The “taker” fee is 0.1% for trades that are less than $5,000 and 0.075% for trades that are more than $5,000.

There are also fees for listing on the Binance platform. The listing fee is 1 BTC + 50,000 BNB (Binance Coin).

NOTE: WARNING: The Binance exchange charges transaction fees for all trades. These fees may vary depending on the type of trade and the currency being traded. Please make sure to familiarize yourself with Binance’s fee structure prior to placing any trades.

The listing fee must be paid in full before the token can be listed on the exchange.

The Binance platform also has a referral program where users can earn a commission for referring others to the platform. The referral commission is 20% of the trading fees that are paid by the person who was referred.

In conclusion, Binance does charge transaction fees for deposits, withdrawals, and trades. There is also a listing fee for tokens that want to be listed on the exchange.

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