What fees does Binance charge?

Shanti Antill asked, updated on December 17th, 2020; Topic: binance
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Binance charges a fee of 0.1% for all trades. It also offers a 50% discount on fees for trades made using Binance Coin.

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There has also, is Binance cheaper than Coinbase?

Binance. US's trading fees begin at 0.1% while Coinbase Pro's fees start at 0.5%, but both offer fees as low as 0%. Each exchange offers its lowest fees to users who invest millions of dollars, but general investors may be able to take advantage of mid-tier discounts.

Finally, does Binance charge for Cancelled orders? No, Binance does not charge for cancelled orders. Your trade amount will be reverted into your account.

Likewise, how do I lower my Binance fees?

The simplest way to decrease your trading fees is to increase your trading volume. As previously discussed, higher trading volumes will qualify you for higher VIP levels which come with lower maker/taker fees. Another way to reduce your trading fees is to hold Binance's token, BNB.

Is Coinbase safe than Binance?

Conclusion. Both Coinbase and Binance are solid choices for anyone interested in trading cryptocurrencies and the two exchanges generally serve two different market sectors. Coinbase is a great choice for a beginner who wants to gain quick access to a few leading cryptocurrencies such as Bitcoin and Ethereum.

3 Related Questions Answered

How long does it take to withdraw BTC from Binance?

30 minutes

How are Binance trade fees calculated?

How to use the Binance Calculator?
  • Step 1: Enter your fee rate (0.1% is the default maker & taker fee)
  • Step 2: Enter the size of your trade (BTC)
  • Step 3: Enter the current Bitcoin price (USD)
  • Step 4: The calculator will provide you with the total fee in BTC & USD.
  • How long does Binance take to deposit?

    2 hours