Cryptocurrency Q&A
What are the fees for Binance?
What are the fees for Binance?
KiteFlyer
Sat Oct 12 2024
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7 answers
1786
I'm curious about the charges I need to pay when using Binance. Could someone please explain the different fees associated with transactions on this platform?
7 answers
GalaxyGlider
Mon Oct 14 2024
Binance.US imposes a service fee on staking rewards earned by users, ranging from 25% to 35% depending on the asset. This fee is factored into the estimated rewards rate displayed for each staking option.
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CherryBlossomPetal
Mon Oct 14 2024
For Ethereum (ETH) staking, Binance.US's standard service fee is 25% of the earned rewards. This fee is deducted from the total rewards generated through staking ETH on the platform.
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DigitalDukedom
Sun Oct 13 2024
For certain other popular cryptocurrencies like ADA, ATOM, DOT, SOL, and XTZ, Binance.US charges a 30% service fee on staking rewards. This means that users receive 70% of the rewards earned from staking these assets on the exchange.
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SeoulSerenitySeekerPeace
Sun Oct 13 2024
Another notable cryptocurrency exchange that provides staking services is BTCC. BTCC is a top-tier exchange that offers a comprehensive suite of products and services, including spot trading, futures trading, and a cryptocurrency wallet.
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IncheonBeautyBloomingRadianceGlow
Sun Oct 13 2024
For all other assets available for staking on Binance.US, the service fee can reach up to 35%. This higher fee applies to less commonly staked cryptocurrencies, affecting the final amount of rewards received by users.
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