Is Binance Futures a spot exchange?

Upon launch, Binance Futures made sure that the trading experience is as similar to their spot exchange as possible, making it very easy for users to transition when needed. This, amongst other things, is what helped it establish itself as the leading futures trading platform.

How much are Binance trading fees?

To put it simply, every new trader on Binance will be charged 0.1% per spot trade. Here’s a complete rundown of all the fees charged to each tier as of 2021: Fees charged by Binance to each tier as of 2021. You can see the full trading fee rates on Binance here.

What is Binance coin (BNB)?

Liquidity Mining Explained Binance exchange was launched in 2017 by Changpeng Zhao, and to encourage usage, it offered a 50% discount to its customers that opted to use Binance Coin (BNB) to pay for trading fees. BNB is the native Binance exchange’s cryptocurrency used during the token sale to raise funds for developing and launching it.

How does Binance work?

Binance allows its users to trade on margins and borrow from funds from the exchange. In return, the borrowers pay interest on the borrowed funds. Interest rates vary from asset to asset, and the interest is charged based on the amount of time (in hours) the loan remains unpaid. Margin borrow daily interest rate on Binance.