Cryptocurrency Q&A
What is the fee on Binance?
What is the fee on Binance?
HanjiArtistry
Tue Oct 22 2024
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7 answers
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I'm trying to figure out how much it costs to use Binance. I've heard there are fees associated with trading on the platform, but I'm not sure exactly what they are. Can someone please explain the fee structure on Binance?
7 answers
DigitalBaron
Thu Oct 24 2024
Additionally, Binance offers an Instant Buy/Sell service, which allows users to quickly purchase or sell cryptocurrencies without placing a traditional order on the exchange.
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Alessandra
Thu Oct 24 2024
For this convenient service, Binance charges a fee of 0.50% per transaction. This fee is higher than the standard trading fee to account for the added convenience and immediacy of the Instant Buy/Sell feature.
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Giulia
Thu Oct 24 2024
It's important to note that the actual fee amount you pay on Binance will depend on the amount of your trade. Larger trades will result in higher fees, while smaller trades will incur lower fees.
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CryptoEmpireGuard
Thu Oct 24 2024
Binance, a prominent cryptocurrency exchange, has a transparent fee structure that is essential for users to understand.
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Margherita
Thu Oct 24 2024
For trading activities conducted on the platform, Binance imposes a fee of 0.10% on each transaction. This percentage-based fee ensures that traders are charged fairly based on the size of their trades.
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