It is no secret that Binance is one of the largest and most popular cryptocurrency exchanges in the world. They offer a wide variety of digital assets to trade including Bitcoin, Ethereum, Litecoin, Binance Coin, and more.
FTX is a newer exchange that has been gaining traction lately due to their low fees, innovative products, and strong team. In this article, we will compare the fees of each exchange and see which one is cheaper to use.
Binance offers a variety of trading pairs with very low fees. For example, the fee for trading BTC/USDT is only 0.1%. If you are trading with Binance Coin (BNB), you can get an even lower fee of 0.075%. FTX also offers a variety of trading pairs with low fees.
NOTE: This question is misleading, as it implies that there is a definitive answer. The cost of trading on each platform will depend on the particular asset being traded and the strategies being used. Additionally, fees and discounts may vary depending on account size, liquidity, and the type of order being used. Therefore, it is important to do your own research to determine which platform is most cost-effective for your trading needs.
For example, the fee for trading BTC/USDT is only 0.02%. If you are trading with their native token (FTT), you can get an even lower fee of 0.01%.
As you can see, both exchanges have low fees. However, FTX is cheaper than Binance when it comes to trading fees.
This is because FTX offers a lower fee for their most popular trading pairs. If you are looking to save money on trading fees, then FTX is the better option for you.
9 Related Question Answers Found
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