Binance, one of the world’s largest cryptocurrency exchanges, charges a nominal fee of 0.1% per trade. However, if you use their native Binance Coin (BNB) to pay your trading fees, you can get a 50% discount.
This means that each trade costs only 0.05% when using BNB. .
If you’re a high-volume trader, you can further reduce your costs by holding Binance’s VIP membership, which gives you a tiered discount on trading fees depending on your 30-day trading volume.
For example, if your 30-day trading volume is between $5 million and $10 million, you would get a 25% discount on all trading fees. If your trading volume is over $100 million, you would get a 50% discount.
The bottom line is that Binance is one of the most affordable cryptocurrency exchanges out there, especially if you use their native token, BNB, to pay your fees.