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 has a tiered fee structure for trading and withdrawing funds from the exchange. For trading, there is a 0.1% fee for each trade. For withdrawals, there is a flat fee depending on the cryptocurrency being withdrawn.
For example, the withdrawal fee for Bitcoin is 0.0005 BTC.
There are also fees for deposits into Binance, but these fees are generally much lower than for withdrawals. For example, the deposit fee for Bitcoin is 0.
NOTE: WARNING: Be aware that fees on Binance depend on the type of transaction. Fees can range from 0.1% to 25%. Make sure to review the fees that apply to each trading pair before executing any trades. Additionally, it is important to be aware that Binance may charge additional fees such as withdrawal fees, deposit fees and other miscellaneous fees.
0005 BTC while the withdrawal fee is 0.001 BTC.
The fees on Binance are very reasonable compared to other exchanges. For example, Coinbase charges a 1% fee for each trade while Kraken charges 0.
26% per trade.
In conclusion, the fees on Binance are very reasonable compared to other exchanges and should not be a deterrent for users looking to trade or withdraw their funds from the exchange.
4 Related Question Answers Found
Binance is a digital asset exchange platform that provides a wide range of services including spot and derivatives trading, margin trading, lending, staking, and more. One of the key features of Binance is its low fees. In addition to charging low fees, Binance also offers a funding fee to help offset the costs associated with providing these services.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance Coin (BNB) is the native currency of the Binance platform. Binance offers two types of trading pairs: denominated in BNB (Binance’s native currency) and in USDT (Tether’s stablecoin).
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The name “Binance” is a combination of two words – binary and finance. The company behind Binance is Binance Ltd.
Binance Futures Fees are the charges assessed by Binance for the use of its futures contracts trading platform. These fees are generally very reasonable, and are often lower than the fees charged by other exchanges. In addition, Binance offers a variety of different ways to trade futures, which can help to keep costs down.
