Binance, one of the world’s largest cryptocurrency exchanges, has a maker and taker fee structure. The maker fee is the fee charged to the user who creates an order that is not immediately matched by an existing order on the order book.
The taker fee is the fee charged to the user who takes an order from the order book.
The maker fee is 0.1% of the total order value and the taker fee is 0.2% of the total order value.
NOTE: WARNING: Binance Maker and Taker Fee is a commission charged for transactions made on the Binance platform. It is important to understand the applicable fees before engaging in any transaction as it can have a significant impact on your profits. Please do your own research and/or consult a financial advisor before committing to any trades.
For example, if you were to buy 1 BTC at a price of $10,000, the total order value would be $10,000 and the taker fee would be $20. The maker fee would be $10.
If you were to sell 1 BTC at a price of $9,000, the total order value would be $9,000 and the maker fee would be $9. The taker fee would be $18.
The reason for this difference is that when you place a buy order, you are taking liquidity from the market. When you place a sell order, you are providing liquidity to the market.
8 Related Question Answers Found
When it comes to digital currency exchanges, there are two main types: those that offer trading between fiat currencies, and those that only offer trading between digital currencies. Binance is one of the latter, and as such, it does not offer trading between fiat currencies. However, what it does offer is a whole host of different digital currencies to trade between.
In the world of cryptocurrency, there are two main types of exchanges: those that charge a maker fee and those that charge a taker fee. Binance is one of the world’s largest cryptocurrency exchanges and it offers both types of fees. So, what is a maker fee and a taker fee?
Binance Funding Fee is a fee charged by Binance for providing liquidity to the market. This fee is used to incentivize market makers to provide liquidity and make the market more efficient. The funding fee is paid out of the transaction fees collected by Binance and is split between the market makers and takers.
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, the world’s largest cryptocurrency exchange by trading volume, has just announced a new “trust fee” on all withdrawals from the platform. The fee, which is a flat rate of 0.
0001 BTC per withdrawal, is designed to “ offset network transaction fees incurred when users withdraw cryptocurrencies from the Binance platform.”. The announcement comes just a day after Binance announced that it would be adding support for Ethereum Classic (ETC) withdrawals and deposits.
A funding fee is a charge assessed by a exchange to encourage traders to provide liquidity to the market by placing limit orders. The fee is calculated as a percentage of the total value of the trade and is paid by the taker of the trade. The funding fee is Binance’s way of generating revenue to cover the costs associated with maintaining the platform and providing customer support.
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 withdrawals.
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.
