what percentage does binance take？
0.1%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.2022年3月21日
Likewise,What fees does Binance charge?
At a Glance
|Cryptocurrency Exchange Platforms||Binance|
|Fees||0.10% spot-trading fees, 4.5% debit card purchases|
|Number of cryptocurrencies supported||Over 500 for global traders on Binance. 60 available for U.S. investors on Binance.US|
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Accordingly,Does Binance have high fees?
If you outright buy Bitcoin with USD, you will pay a 0.5% fee on Binance.US. If you want to spend $100 to buy Bitcoin using this option, you’d end up trading about $99.50 after fees. There is also a 25% discount to your fee if you use Binance Coin (BNB) to pay your transaction fee.
Subsequently,How much does Binance take when you sell?
If you do not use BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.
In this way,How much of a cut does Binance take?
If you own enough Binance Coin, a stablecoin pegged at $1, to pay the trading fee, Binance will reduce your fee by 25 percent. So you’ll pay just $7.50 to make the trade.
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.
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.
Every trading platform has minimum trading amount criteria. On Binance you have to trade minimum 10 $. If your Bitcoin value is less than 10 $ then you can’t trade it. You have to wait your BTC value to reach till 10 $ to sell it.
Top 10 Best Crypto Exchanges With Low Fees [2022 Ranking]
- #10) Cash App.
- #11) Bisq.
- #12) Kraken.
- #13) Bittrex.
- #14) Coinbase.
- #15) Swapzone.
- #16) Xcoins.com.
- #17) CEX.io.
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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The max maker and max takers fees offered by both Binance and ByBit come to 0.1%. Binance’s min maker fee is far lower than ByBit’s. ByBit offers 0.1% while Binance offers a mere 0.012% charge….Binance vs ByBit trading fees.
|Debit/Credit Card Purchase Fee||1%||0%|
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To close the position, you buy back USD 10,000 worth of contracts and simultaneously sell the equivalent of Bitcoin (10,000/55,000 = 0.1818 BTC). In this trade, your profit will be calculated as such: Quantity of Bitcoins at Entry – Quantity of Bitcoins at Exit = 0.2 – 0.1818 = 0.0182 BTC.
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.