Binance, Exchanges

What Are the Fees on Binance?

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 For withdrawals, there is a flat fee depending on the cryptocurrency being withdrawn.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.

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.

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