This token can be used to pay any kind of fees incurred on the exchange. It even gets better once your trading volume exceeds certain thresholds as Binance keeps lowering their fees as your trading activity goes up.īinance has issued its own token, BNB – click here to read more about it and its wallets. For a platform that doesn’t use a fee schedule, this is definitely one of the lowest fees in the industry. When trading on Binance, Binance charges a flat 0.1% fee on each trade. The fee structure at Binance is very competitive in the current environment. However, fees vary depending on the currency. You may incur a fee when withdrawing funds from Binance. Making deposits to Binance in any supported currency, creating an account online, and downloading the Binance mobile app is completely free.
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December 2022
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