Binance is one of the most popular cryptocurrency exchanges in the world. Founded in 2017, Binance has quickly become one of the largest exchanges in terms of trading volume.
Binance US is a new crypto exchange launched in 2019 and is operated by BAM Trading Services. The exchange is designed for US users and offers a limited selection of coins. Binance US has lower fees than Binance, but how much do they actually charge?.
Binance US charges a flat fee of 0.1% on all trades. This is lower than the 0.2% fee charged by Binance for most trades.
However, if you are trading with maker orders, you will only be charged 0.075%. If you hold BNB tokens on the Binance US exchange, you can get a 25% discount on all trading fees. This discount applies to both maker and taker orders.
Withdrawal fees vary depending on the coin you are withdrawing. For example, withdrawing Bitcoin (BTC) will cost you 0.0005 BTC while withdrawing Ethereum (ETH) will cost you 0.01 ETH.
There is also a small network fee that is incurred when making a withdrawal. These fees are generally very small and are mostly covered by the transaction fee charged by the blockchain network.
Deposit fees are free for all coins on Binance US except for fiat deposits. For fiat deposits, there is a small deposit fee that varies depending on the currency being deposited.
For example, depositing US dollars will cost you $5 while depositing Euros will cost you €10.
Overall, Binance US fees are lower than those charged by Binance for most trades. However, if you are looking to trade with maker orders or want to take advantage of the 25% trading fee discount, you will need to use the main Binance exchange.