what is binance us fees

what is binance us fees?

Binance.US charges a flat 0.1% spot trading fee, which is lower than many other U.S. exchanges, including eToro (about 0.75% for Bitcoin trades) and Coinbase (which charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount).

Then,Are Binance us fees high?

Coinbase: Fees. Binance fees are some of the lowest in the industry, whereas Coinbase’s prices are some of the highest. Although U.S.-based users will pay slightly more on Binance.US, it’s still much cheaper than using Coinbase.

Correspondingly,How do you avoid fees on Binance?

Save on fees when you increase your VIP level Another way to further reduce your trading fees is to become a VIP. Binance offers 10 different VIP levels (VIP 0 – VIP 9), calculated based on your 30-day trading volume (equivalent in Bitcoin) and average BNB balance over the same period.

Beside above,Is Binance US low fee?

Binance.US stands out for its low-fee approach to crypto investing and it has a good list of available cryptocurrencies. However, it is not available in every state, which does drag on our rating some.

Thereof,Should I use Binance or Binance US?

In addition, Binance offers fee reductions for referrals of new users. Since trading fees do not directly relate to the products traded, U.S. regulations do not apply to the fees Binance.US charges. As a result, Binance.US offers the same low fees and discounts as its parent company.

Related Question Answers Found

Is Binance US better than Coinbase?

Coinbase is best for buy and hold investors who want to purchase a currency and hold it for the long term. Binance offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical.

Why is Binance fee so high?

Trading Fees Binance charges a 0.1% fee for trading on the platform as well as a 0.5% fee for Instant Buy/Sell, so your actual fee amount will depend on the amount of the trade. The higher the transaction, the higher the fee.

Which Bitcoin exchange has lowest fees?

Compare the Best Cryptocurrency Exchanges

Company Transaction Fees Minimum Deposit or Purchase
Coinbase Best Overall and Best for Beginners 0% to 0.60% $2
Crypto.com Best Mobile App 0.04% to 0.4% $1
Bisq Best Decentralized Exchange 0.1% to 0.70% Not disclosed
BitMart Best for Altcoins 0.045% to 0.25% $30 for Bitmart purchases

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How do I transfer Bitcoin from Coinbase to Binance without fees?

You need to start at your Coinbase account, and find the cryptocurrency you want to transfer, and click on “Receive”. Copy the wallet address generated by Coinbase. Head over to Binance and navigate to “Funds” > “Withdraw Bitcoins”. Follow the prompt and copy the Coinbase wallet address in the “To” field.

Is Binance US and Binance the same?

Binance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume, and which was founded in China in 2017. The original platform stopped accepting U.S. users in 2019, and announced it would instead partner with a U.S.-based version of its platform called Binance.US.

Can I still use Binance in the US?

Why is Binance not allowed in the US? Due to US government regulations, the original exchange platform stopped accepting American customers in 2019. They launched Binance.US to meet the needs of American investors, but the version of the site only has about 50 cryptocurrencies to trade.

What crypto is on Binance US?

Markets

# Currency Pair
1 Tether USDT/USD
2 Ethereum ETH/USD
3 BNB BNB/USD
4 Bitcoin BTC/USD

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Can I trust Binance US?

Q: Is Binance US safe? As safe as Coinbase. Binance US will hold to all the regulations that fully regulated exchanges must stick to.

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