Binance, Exchanges

Is Trading on Binance Free?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.

Binance does not charge any fees for deposits or withdrawals. However, there is a fee for trading on the platform. The fee is 0.1% of the total value of the trade. For example, if you buy 1 BTC worth of Ethereum, you will be charged a 0.

NOTE: WARNING: Trading on Binance is not free. Binance charges trading fees that vary depending on the trading pair and your account’s level of activity. Additionally, cryptocurrency deposits and withdrawals may be subject to additional fees. Please refer to the Binance website for more information about its fees and policies.

1% fee, or 0.001 BTC. The fee is paid to the makers, who are the ones providing liquidity on the platform by placing orders. The takers are the ones who are taking liquidity from the market by matching an existing order.

In conclusion, yes, trading on Binance is free, but there is a small fee charged to the makers and takers for each trade that occurs on the platform.

1 Related Question Answer Found

Is Free Coin on Binance?

As of September 2019, Binance does not support the buying or selling of any digital assets for fiat currency (i.e. USD, EUR, etc. ). However, users are able to use a connected third-party service to buy digital assets with fiat currency and then deposit those assets into their Binance account.
Previous ArticleNext Article